Rental Market Platform Azibo Nets $19M for Hiring, Scale Push

Azibo, the one-stop shop finance program for rental properties, has completed a series A round for $19 million, a press release says.

The round was led by SVB Capital. There was also participation from RET Ventures, Liberty Mutual Strategic Ventures, Victory Park Capital, and Gaingels, as well as existing investors Canaan, Khosla Ventures, QED Investors, Camber Creek, Assurant Ventures, and Context Ventures.

“Since launching the company, we’ve focused on building an all-in-one platform that simplifies rental property finances and levels the playing field for independent landlords and everyone they interact with,” said Chris Hsu, CEO and Co-Founder of Azibo. “With this funding, we will accelerate our priorities of delivering innovation on our core products, driving commercial success, creating awareness in the market, and building out our amazing team.”

The round will help the company hire new talent. It will also boost product innovation and scale go-to-market efforts.

This year Azibo also plans to build its platform for the rental property ecosystem, which will let landlords interact in new ways with renters, property managers and vendors.

There will also be new ways to let renters bolster their financial health.

Azibo’s offerings include things to help out with rent collection, bill payment and expense management, full-service commercial banking, nationally licensed insurance and lending solutions for loans.

PYMNTS writes that, in other home-related news, GiveCard’s new tech would offer prepaid debit cards to help bring financial stability those who have housing insecurity.

Read more: Boston FinTech GiveCard Helps Unhoused Find Homes

Cardholders will get $250 a month for 3 months. The program has distributed over 180 cards since debuting last April, and users can purchase a wide variety of things with them, excepting liquor or tobacco stores, ATMs or casinos.

According to the founders, the card was designed to help the unhoused keep up with the increasingly cashless world – many people want to help the homeless but don’t have any cash.