OTSO CORP
As the founders of Tenavox, weโve learned a few things about making leasing commercial real estate easier. We were amazed at how many people in a transaction, tenant, broker, landlord, all mentioned deposits and financial worthiness as massive friction points in a deal. We saw how cash deposits felt wasteful, losing money against inflation! We heard about how letters of credit required onerous provisions that essentially locked a businesses cash up anywayโฆso we built a better solution. The O... tso Guarantee. We formed Otso to solve a real problem with the way commercial leasing assesses credit, mitigates risk and ultimately stockpiles capital in โdeadโ accounts that loses money for everyone. Our program is built to provide Tenants with the flexibility to access and leverage their capital on day one of their lease, for anythingโฆfrom a nicer space to more equipment and hiring. For Landlords, it made little to no sense to use critical cash for a business to mitigate risk years down the roadโฆand to be frank, it doesnโt do much to mitigate that risk anyway. Our program issues โsame as cashโ guarantees for our approved tenants that give Landlords comfort while providing their Tenants with a greater lease experience, right from the start. As we grow, Otso will blend into a larger vision we hold at Tenavox, where friction is reduced and transparency allows for quicker, better lease decisions for everyone.
OTSO CORP
Industry:
Commercial Real Estate Financial Services FinTech
Founded:
2019-01-01
Address:
The Woodlands, Texas, United States
Country:
United States
Website Url:
http://www.otso.io
Total Employee:
1+
Status:
Active
Contact:
2817981543
Email Addresses:
[email protected]
Total Funding:
0
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Quake Capital Partners investment in Pre Seed Round - Otso Corp
Official Site Inspections
http://www.otso.io Semrush global rank: 6.4 M Semrush visits lastest month: 1.05 K
- Host name: aacb0a264e514dd48.awsglobalaccelerator.com
- IP address: 75.2.70.75
- Location: Seattle United States
- Latitude: 47.54
- Longitude: -122.3032
- Metro Code: 819
- Timezone: America/Los_Angeles
- Postal: 98108