Tongo logo — Financial solutions, for real estate.

Tongo

Financial solutions, for real estate.

Founded 2021 United States New York, United States 28 employees Venture round Total: $10.00M Finance, Financial Services +2

General Information

Company Name Tongo
Founded Year 2021
Location United States New York, United States
Employees 28
Industries Finance, Financial Services, Payments +1
Funding Stage Venture round
Social

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About Tongo

Tongo is a finance and financial services startup founded in 2021 with the aim of providing a better alternative to traditional business lines of credit for real estate agents. Their slogan, "Go Stabilize. Go Invest. Go Grow.", encapsulates their mission to provide access to capital for real estate agents to stabilize, invest, and grow their businesses. Tongo operates by offering agents the capital they need and allowing them to repay once they are paid. Their approach is private and competitively priced, offering a compelling value proposition in the market. The company is headquartered in the United States. The most recent milestone for Tongo is the Venture Round investment led by Second Century Ventures on 11 April 2023, signifying a vote of confidence from a prominent investor in the industry. This investment is a testament to the potential and viability of Tongo's business model and its ability to address the funding needs of real estate agents in a more efficient and effective manner. With a strong value proposition and backing from reputable investors, Tongo appears to be well-positioned for growth and success in the real estate and finance industries.

Business keywords: business line of credit, capital, stabilize, invest, grow, financing, small business, repayment, private, reasonably priced

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 1
Second Century Ventures
11 Apr 2023
Seed Round $7.00M 8
Elizabeth Street Ventures, Entrepreneurs Roundtable Accelerator +6
29 Sep 2022
Seed Round $3.00M -
01 Feb 2021

Tongo Alternatives & Competitors

View All Alternatives
Tongo vs
GARRTECH FUNDING
GARRTECH FUNDING United States

Worldwide Commercial Real Estate Funding

3 employees
Financial Services, Payments
Tongo vs
Fundbox
Fundbox United States

Fundbox provides the capital infrastructure to power your platform and support your customers’ growt...

Debt Financing
207 employees
B2B, Financial Services
Tongo vs

Lehigh Financial Group, LLC is a leading source of innovative real estate capital solutions and fina...

7 employees
Finance, Financial Services

FAQ About Tongo

Financial solutions, for real estate.
Tongo was founded in 2021.
Tongo is headquartered in New York, United States.
Tongo operates in Finance, Financial Services, Payments and Real Estate. Its work centres on business line of credit, capital, stabilize and invest.
Tongo has approximately 28 employees.
Tongo has completed 3 funding rounds, raising a total of $10.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Tongo include GARRTECH FUNDING, Fundbox, Lehigh Financial Group LLC, Elevation Capital LLC, Mulligan Funding, LLC. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Tongo and GARRTECH FUNDING are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Tongo, https://bouncewatch.com/company/tongo, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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