← State of Embedded Finance 2026

Azibo

Can a free, vertically integrated financial platform become the default financial OS for independent landlords by embedding banking, payments, and insurance into property management workflows?

Founded2019
HQReno, Nevada, USA
FoundersGregor Watson, Chris Hsu, Rob Bloemker
Total raised$29.5M
Latest roundSeries A, January 2022
IndustryVertical SaaS / Real Estate
The story

Founded in 2019, Azibo positioned itself as a free financial OS for independent landlords and small rental property owners, layering rent collection, banking, insurance, and accounting onto a single platform. Unlike horizontal SMB banking tools, Azibo built real estate-specific workflows (property-level accounting, lease management, tenant screening) and embedded financial services on top. The company leveraged Treasury Prime for BaaS banking infrastructure and Stripe for payments, enabling it to offer checking accounts, ACH rent collection, and card issuing without becoming a chartered bank. By 2022, it was building toward the full rental property ecosystem — covering landlords, tenants, property managers, and vendors — with insurance embedded via third-party carriers.

Last 12 months
Product timeline
2019
Azibo founded as a free, one-stop-shop financial services platform for the rental property market.· pivot
2022
Announced $19M Series A led by SVB Capital; platform surpassed $130M annual run rate in transaction volume and 10,000 customers.· banking
2022
Launched banking accounts (checking accounts and prepaid cards) for landlords, powered by Treasury Prime BaaS infrastructure.· banking
2022
Integrated Stripe for payment processing; Stripe Services Agreement and Connected Account Agreement listed on Azibo Legal page.· card
2023
Launched Azibo eSign Service for electronic document signing.· pivot
2024
Introduced flexible rent installment payment plans for renters.· lending
The stack
Payments / PSP
Stripe
Banking / BaaS
Treasury Prime
Lending
Rent installment plan
Accounting gap: none