Fintech Proptech Seeking Series A

It was a pleasure to meet Taurean Major, Director of Product at Azibo, a one-stop-shop financial platform for independent landlords.

The prop-tech space is one of the fastest growing areas of Fintech and has been reshaping the rent payment market for the last few years. They are waking up and shaking up one of the oldest and least innovative property management industries.

The property rental business is a perfect candidate for financial services disruption. It is a marketplace made up of landlords and renters. It is tied together by a recurring financial transaction based on a contractual legal obligation. In the last couple of years, the rent collection market has moved online, and it addresses part of the problem. The property rental space still lacks an end-to-end solution that addresses the financial ups and downs of owning and renting property.

To learn more, please watch my interview with him below:

Azibo, founded by Chris Hsu, is focused on offering a full suite of financial solutions that help the two-sided marketplace participants in good and bad times. It goes beyond just providing a convenient way to pay and get paid.

The company has room to grow its suite of products. After all, only 20% of renters pay digitally when 85% would prefer it. Gen Zs are entering the investment property and rental market with greater speed than ever seen before.

The company is focused on the independent landlord customer base that owns over 70% of the properties that are rented out. With COVID, consumer demands and behaviors are changing and affecting the property market in unprecedented ways.

Azibo is looking for series A funding to help them expand and grow their product and market. The company has previously raised $10.5 million in a seed round led by Canaan Partners, QED Investors, Khosla Ventures, and SVB Capital.

To watch the full interview, click on the video above.

Thank you, Taurean, for spending your time with us and filling in for Chris at the conference.