Tongo: A real estate platform providing agents instant access to commission income for financial stability.
Location
New York, US
Founded
2021
Tongo is a financial technology platform focused on the real estate industry. The company offers a commission-backed line of credit for real estate agents, providing them with instant access to capital based on their future commission income. Tongo's solution aims to help agents stabilize their cash flow and invest in growing their businesses.
The platform partners with real estate brokerages to offer their innovative financial product. Tongo's line of credit is designed to be flexible and cost-effective, with rates as low as 3% per 30 days. By providing agents with quick access to funds, Tongo enables them to cover everyday expenses, manage unexpected costs, and invest in business growth opportunities without waiting for commission payouts.
Tongo - Classification
Also Known As
Tongo 2020, Inc
NAICS
520000Finance and Insurance
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
8700Engineering, Accounting, Research, Management, And Related Services
8740Management And Public Relations Services
8742Management Consulting Services
Show 4 more industry codes
SIC
6000Depository Institutions
6200Security And Commodity Brokers, Dealers, Exchanges, And Services
6280Services Allied With The Exchange Of Securities Or Commodities
