AZIBO INC

Free one-stop financial services platform for rental property owners

Specialty Solutions Growth Acquired

Overview

Azibo is a free, one-stop financial-services platform built exclusively for independent rental property owners. Founded in 2019 by Chris Hsu, Gregor Watson, and Rob Bloemker, the company set out to bring modern fintech tools to the 80% of residential real estate owned by individual landlords who had historically relied on spreadsheets and manual processes. The platform combined rent collection, banking, insurance, accounting, tenant screening, and lease management into a single integrated experience at no cost to landlords.

Over its operating life Azibo raised USD 29.5M across a USD 10.5M seed round (August 2020, led by Canaan Partners) and a USD 19M Series A (January 2022, led by SVB Capital), backed by Khosla Ventures, QED Investors, Camber Creek, RET Ventures, Liberty Mutual Strategic Ventures, Assurant Ventures, Victory Park Capital, and Context Ventures. The platform managed 20,000+ rental units, processed USD 250M+ in transactions, and reported 10,000+ positive credit reports submitted to bureaus on behalf of tenants.

In May 2025, Azibo was acquired by TurboTenant, a Fort Collins, Colorado-based all-in-one rental property management software company backed by LLR Partners. Azibo technology continues to support existing users during the transition, and new landlords are directed to TurboTenant.com.

Products & Services

Rent Collection

Free ACH-based online rent collection with no transaction fees. Supports multiple payment methods including ACH, debit card, and credit card. Tenants receive automated reminders; landlords receive same-day deposits.

Key Features

No transaction fees for ACH payments
Automatic late-fee enforcement
Tenant portal with payment history

Target Users: Independent landlords, small-to-mid portfolio property investors

Rental Property Insurance

Portfolio-level landlord insurance available in all 50 US states. Azibo positioned itself as the only national insurance provider dedicated exclusively to rental property owners, offering up to 25% savings on portfolio coverage versus traditional carriers.

Key Features

Portfolio-level policy pricing (up to 25% savings)
Integrated document storage within the platform
Available in all 50 US states

Target Users: Landlords seeking consolidated property and liability coverage

Banking

FDIC-insured business checking and savings accounts designed for real estate investors. Accounts offered high-yield interest (approximately 5x national average at launch) with no monthly fees.

Key Features

FDIC-insured accounts
High-yield interest rates
No monthly maintenance fees

Target Users: Independent landlords seeking purpose-built banking

Accounting & Tax

Rental property-specific bookkeeping and tax preparation. Tracks income and expenses per property, generates Schedule E-ready reports.

Key Features

Property-level income and expense tracking
Schedule E tax reporting
Integration with rent collection data

Target Users: Independent landlords and real estate investors

Tenant Screening

Comprehensive tenant screening including credit reports, criminal background checks, and eviction history reports. Includes rental application management.

Key Features

Credit, criminal, and eviction reports
Digital rental applications
Tenant credit-boost reporting to bureaus

Target Users: Landlords screening prospective tenants

Lease Management

Digital lease agreements with e-signature, powered by RocketLawyer. Provides state-specific lease templates for all 50 US states.

Key Features

State-specific lease templates
E-signature via RocketLawyer
Document storage for signed agreements

Target Users: Landlords managing lease creation and renewal

Maintenance & Messaging

Tenant-facing portal for submitting and tracking maintenance requests, with landlord messaging and communication tools.

Key Features

Tenant maintenance request portal
Landlord notification and tracking dashboard
Team collaboration with customizable permissions

Target Users: Landlords and property managers

Azibo Marketplace

Partner network connecting landlords with service providers including financing (Temple View, Loanglide), maintenance (Thumbtack), and legal services (RocketLawyer, Law Depot).

Key Features

Integrated lending for fix-and-flip, DSCR, bridge, and new construction loans
On-demand local maintenance professionals via Thumbtack
LLC formation, lease agreements, and eviction notice templates

Target Users: Independent landlords seeking ancillary services

At a Glance

Founded: 2019
Headquarters: Reno, NV, USA
Employees: 11-50
Funding: Acquired

Category & Focus

Category: Specialty Solutions
Subcategories: Rental Property Insurtech Landlord Fintech Property Management Platform
Insurance Verticals: P&C Personal Specialty/E&S
Target Customers: Consumers, Agents/Agencies