{"version":"1.0","provider_name":"Market Newsdesk","provider_url":"https:\/\/www.marketnewsdesk.com","author_name":"Newsdesk","author_url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/","title":"Tongo Raises $7M In Seed Funding - Market Newsdesk","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"aehPc8FGb2\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/\">Tongo Raises $7M In Seed Funding<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/embed\/#?secret=aehPc8FGb2\" width=\"600\" height=\"338\" title=\"&#8220;Tongo Raises $7M In Seed Funding&#8221; &#8212; Market Newsdesk\" data-secret=\"aehPc8FGb2\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.marketnewsdesk.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"PR Newswire \u2014Capital\u00a0Will\u00a0Help\u00a0Enhance The\u00a0Startup&#8217;s\u00a0Offering And\u00a0Grow\u00a0A\u00a0Market- Facing\u00a0Team\u00a0As\u00a0It\u00a0Expands\u00a0Its\u00a0Reach\u00a0Within\u00a0The\u00a0Real\u00a0Estate\u00a0Industry\u2014 NEW YORK, Sept. 29, 2022 \/PRNewswire\/ &#8212; Tongo\u2014a FinTech\u00a0company\u00a0realigning\u00a0income and\u00a0expenses\u00a0for the commission\u00a0economy\u2014announced\u00a0it\u00a0has\u00a0raised\u00a0$7 millionin\u00a0seed\u00a0funding.\u00a0The\u00a0company\u00a0will\u00a0use these proceeds to expand product and team in its initial market\u00a0of\u00a0real\u00a0estate, where\u00a0Tongo\u00a0empowers brokerages to\u00a0offer\u00a0agents\u00a0on-demand access\u00a0to\u00a0pending commissions,\u00a0which\u00a0they\u00a0can\u00a0use\u00a0like\u00a0a\u00a0line\u00a0of credit to grow their business &amp; stabilize cash \ufb02ows. The round was led by\u00a0MetaProp,\u00a0with\u00a0participation from New Valley Ventures, Good Friends, Launchpad, Elizabeth Street, Red Bike, Lab Ventures\u00a0and Entrepreneur&#8217;s Roundtable Accelerator. Tongo&#8217;s fundraising to-date is $11 million. &#8220;Traditional credit products are not built for today&#8217;s commission economy. Their underwriting models prioritize steady, salaried incomes that work well with their monthly billing cycles. The combination of lower credit availability and strict monthly repayment generates an immense problem for tens of millions of self-employed people where income is &hellip; Continue reading \"\"","thumbnail_url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF83996&amp;sd=2022-09-29"}