New York, September 28, 2026 / PRNewswire / -- Financial technology company Obligo, which focuses on advancing the modernization of residential financing solutions, announced today that it is expanding its letter of credit ( Letter of Credit ) program for property operators. This program utilizes letters of credit issued by banks as a form of financial assurance for property managers, while also providing tenants with greater flexibility upon moving in and eliminating the need to pre-occupy large amounts of funds. HSBC USA National Association ( HSBC Bank USA , N.A ) has now become a provider of letters of credit under this program, supporting the Obligo platform.

Obligo indicates that for property operators, their solution aims to simplify processes related to residential guarantees by replacing manual deposit procedures with a structured digital experience. Property teams can manage communication with tenants and fee submissions through a single embedded workflow, thereby reducing the burden of manual tracking and operations. For tenants, Obligo provides a simplified experience from moving in to moving out, with trusted third parties assisting in handling communication, fees, and electronic refunds according to the terms of the selected scheme, making the process clearer and more transparent. Obligo also supports property operators by integrating with property management platforms, including Yardi, RealPage, AppFolio, and Buildium.

Obligo, Chief Executive Officer and Co-Founder, stated: "For a long time, security deposits have caused unnecessary friction for tenants and added operational complexity for property management companies. Our collaboration with HSBC is an important step in the development of Obligo from a deposit alternative solution to a full-process operating system for residential guarantees. By combining mature financial tools with embedded leasing technology, we are helping property management companies outsource deposit handling from move-in to move-out, while providing tenants with greater flexibility, transparency, and trust."

The head of technology banking at HSBC Innovation Bank ( HSBC Innovation Banking ), Melissa Stepanis, stated: "We are delighted to provide support to our customers with banking tools that align with their business operations. This collaboration reflects HSBC's commitment to working with technology-driven companies to utilize mature financial products to meet the needs of businesses and consumers in today's real world."

For more information regarding the Obligo residential mortgage guarantee solution, please visit: obligo.com.

About Obligo

Obligo, it has become the modern standard in the deposit field, replacing the pre-payment of cash deposits with an archival guarantee payment method. Obligo is directly embedded into mainstream property management software such as Yardi, RealPage, AppFolio, and Buildium, simplifying the check-in and check-out processes, reducing administrative burdens, and providing tenants with greater flexibility while protecting the interests of property owners. The company was founded in 2018 by two brothers, Roey Dor and Omri Dor, and has evolved from a deposit alternative solution to a full-end-to-end deposit operating system. Obligo states that the company, based on years of experience in working with tenants, properties, and property management platforms, as well as transaction data, combined with fully integrated workflows, its own rental transaction data, and specially developed artificial intelligence, supports fair, transparent, and scalable deposit processing. The company claims that its services are now adopted in over 1 million housing units in the United States.

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Gabby Hayes