Funding
Funding not disclosed
Founders
Product
Problem
Traditional bank guarantees often require individuals and businesses to lock up significant capital as collateral, limiting their financial flexibility. This can be a burden, especially for those who need access to their funds for other investments or operational expenses. Additionally, the process of obtaining a bank guarantee can be cumbersome and time-consuming.
Solution
Obli provides digital, non-bank guarantee solutions that eliminate the need for a cash deposit. Their platform offers a range of guarantees, including those for rent, supplier credit, and bid bonds, all without requiring users to tie up their capital. Obli's digital process streamlines the application and approval process, making it faster and more convenient than traditional bank guarantees. By offering a secure and reliable alternative, Obli enables businesses and individuals to free up their capital for other opportunities while still meeting their guarantee requirements.
Target Audience
Obli serves individuals and businesses, including renters, suppliers, contractors, and other organizations that require guarantees but want to avoid tying up their capital in traditional bank deposits.
Features
- Digital application process for fast and convenient guarantee issuance
- No requirement for a cash deposit, freeing up capital for other uses
- Range of guarantee types, including rent, supplier credit, bid bonds, and performance guarantees
- Guarantees are approved by the Israeli Government Comptroller for use in government tenders and projects
- Management of guarantees through a user-friendly digital interface
- Option to split the fixed commission into up to 12 interest-free payments via credit card
- Digital guarantee document delivered via email