Using AI to verify renter eligibility and risk

Imagine a software app that creates peace and understanding between landlords and tenants. How much value would that have in this world of constant rental turnover and strife? This is the challenge taken on by Obligo, a New York-based fintech company that is using AI and machine learning to determine the level of risk of renters so that landlords feel safer about transactions. The company just announced a series B funding of $35 million. "Our whole idea here is simple: We want to make renting an apartment or single-family home as easy as getting a hotel room," Omri Dor, cofounder and COO of Obligo, told VentureBeat.