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Tongo

“Can a commission-advance line of credit become the full financial operating system for America's 3 million independent real estate agents?”

Founded2022
HQNew York, NY, USA
Total raised$11M
Latest roundSeed, September 2022
IndustryFintech / Lending
The story

Tongo launched in 2022 as a commission-advance fintech targeting real estate agents — a demographic poorly served by traditional lenders due to irregular, commission-based income. The core product is a line of credit underwritten against pending commissions rather than credit history or steady salary. By 2025 the company had expanded from a single-product lending tool into a broader financial wellness platform for real estate professionals, adding tax filing, high-yield savings, investment account routing, and a branded debit/credit card — positioning itself as the financial OS for the commission economy.

Last 12 months
2025-02
2025-01
Product timeline
2022
Raised $7M seed round led by MetaProp and launched commission advance product for real estate agents, enabling access to up to 75% of pending commissions as a line of credit.· lending
2025
Expanded platform to include high-yield tax savings accounts, investment account distribution, and flat-rate tax filing ($149) for real estate professionals.· banking
2025
Introduced Tongo Card allowing agents to spend against their approved commission-backed credit limit instantly.· card
The stack
1 layer disclosed in Tongo’s embedded-finance stack
Lending
Commission advance (up to 75% of pending commission, up to 60 days early)Line of credit backed by pending commissions
Accounting gap: none

Tongo — frequently asked

Where is Tongo headquartered?

Tongo is founded in 2022 and headquartered in New York, NY, USA.

How much funding has Tongo raised?

Tongo has raised $11M in total (latest round: Seed, September 2022).

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