Obligo is a platform that eliminates the need for security deposits by establishing a secure billing authorization between landlords and tenants, allowing them to screen renters based on their financial situation. By analyzing payment information, Obligo can identify renters who are likely to default on their billing authorization, reducing the risk of damage or non-payment. The company has established partnerships with property managers across the US, managing over 200,000 units, and launched in New York in 2018. To screen renters, Obligo requests two forms of payment, typically a credit card and a bank account, which are then analyzed to assess the renter's financial situation.