{"id":690313,"date":"2022-09-29T09:05:26","date_gmt":"2022-09-29T13:05:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/"},"modified":"2022-09-29T09:05:26","modified_gmt":"2022-09-29T13:05:26","slug":"tongo-raises-7m-in-seed-funding","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/","title":{"rendered":"Tongo Raises $7M In Seed Funding"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>\u2014Capital\u00a0Will\u00a0Help\u00a0Enhance The\u00a0Startup&#8217;s\u00a0Offering And\u00a0Grow\u00a0A\u00a0Market- <br \/><\/i><br \/>\n        <i>Facing\u00a0Team\u00a0As\u00a0It\u00a0Expands\u00a0Its\u00a0Reach\u00a0Within\u00a0The\u00a0Real\u00a0Estate\u00a0Industry\u2014<\/i>\n      <\/p>\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Sept. 29, 2022<\/span> \/PRNewswire\/ &#8212; <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=2830783999&amp;u=https%3A%2F%2Fgettongo.com%2F&amp;a=Tongo\" target=\"_blank\" rel=\"nofollow noopener\">Tongo<\/a><\/u><\/b>\u2014a FinTech\u00a0company\u00a0realigning\u00a0income and\u00a0expenses\u00a0for the commission\u00a0economy\u2014announced\u00a0it\u00a0has\u00a0raised\u00a0<b><span class=\"xn-money\">$7 million<\/span><\/b>in\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\u00a0<b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=550174023&amp;u=https%3A%2F%2Fwww.metaprop.vc%2F&amp;a=MetaProp\" target=\"_blank\" rel=\"nofollow noopener\">MetaProp<\/a><\/u><\/b>,\u00a0with\u00a0participation from <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=532902618&amp;u=https%3A%2F%2Fwww.newvalley.com%2Fmanagement%2F&amp;a=New+Valley+Ventures\" target=\"_blank\" rel=\"nofollow noopener\">New Valley Ventures<\/a><\/u><\/b>, <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=230604665&amp;u=https%3A%2F%2Fwww.goodfriends.com%2F&amp;a=Good+Friends\" target=\"_blank\" rel=\"nofollow noopener\">Good Friends<\/a><\/u><\/b>, <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=3291457827&amp;u=https%3A%2F%2Fwww.launchpad.vc%2F&amp;a=Launchpad\" target=\"_blank\" rel=\"nofollow noopener\">Launchpad<\/a><\/u><\/b>, <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=1688903247&amp;u=https%3A%2F%2Felizabethstreet.vc%2F&amp;a=Elizabeth+Street\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"xn-person\">Elizabeth Street<\/span><\/a><\/u><\/b>, <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=190857515&amp;u=https%3A%2F%2Fredbikecapital.com%2F&amp;a=Red+Bike\" target=\"_blank\" rel=\"nofollow noopener\">Red Bike<\/a><\/u><\/b>, <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=2608485376&amp;u=https%3A%2F%2Fwww.labventures.co%2F&amp;a=Lab+Ventures\" target=\"_blank\" rel=\"nofollow noopener\">Lab Ventures<\/a><\/u>\u00a0<\/b>and <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=2026289834&amp;u=https%3A%2F%2Fwww.eranyc.com%2F&amp;a=Entrepreneur%27s+Roundtable+Accelerator\" target=\"_blank\" rel=\"nofollow noopener\">Entrepreneur&#8217;s Roundtable Accelerator<\/a><\/u><\/b>. Tongo&#8217;s fundraising to-date is <b><span class=\"xn-money\">$11 million<\/span><\/b>.<\/p>\n<p>&#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 more free \ufb02owing, such as in real estate and other commission-driven professions. It presents a huge opportunity for Tongo to create \ufb01nancial products that realign income and expenses,&#8221; said Tongo&#8217;s\u00a0CEO\u00a0<b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=1435502793&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fbrandontw%2F&amp;a=Brandon%C2%A0Wright\" target=\"_blank\" rel=\"nofollow noopener\">Brandon\u00a0Wright<\/a><\/u><\/b>.\u00a0&#8220;By\u00a0effectively\u00a0building a\u00a0debit card for future income, Tongo gives agents an alternative to the credit ecosystem that reduces the volatile, cyclical nature of their income, and at the same time gives them a cost-effective source of capital to grow their business.&#8221;<\/p>\n<p>Tongo partners with real estate brokerages to offer their agents \ufb02exible, real-time and low-cost access to future commission income long before closing via a card-based product. The Tongo\u00a0Smart\u00a0Card\u00a0can\u00a0be utilized wherever debit cards are taken, and funds can be pushed\u00a0directly into\u00a0one&#8217;s\u00a0checking account. Once a commission is received, the borrower simply pays down the balance on their\u00a0card.\u00a0If\u00a0a\u00a0contract falls through, Tongo provides the borrower with the \ufb02exibility to pay down the balance\u00a0the\u00a0next\u00a0time\u00a0a commission\u00a0is\u00a0received.\u00a0Tongo\u00a0only\u00a0gets repaid when\u00a0an\u00a0agent\u00a0collects\u00a0\u2014\u00a0whenever\u00a0that\u00a0happens\u00a0next. Brokers no longer have to advance money to agents.<\/p>\n<p>&#8220;The lumpy, irregular and uncertain nature of commission revenue defines the income patterns of many of the 3 million licensed real estate agents in the U.S., complicating their ability to invest in their businesses and manage personal expenses,&#8221; stated MetaProp&#8217;s General Partner <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=1356716349&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fzschwarzman%2F&amp;a=Zak+Schwarzman\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"xn-person\">Zak Schwarzman<\/span><\/a><\/u><\/b>. &#8220;Tongo has developed a modern, elegant\u00a0solution that\u00a0eases\u00a0this\u00a0challenge,\u00a0enabling agents\u00a0to\u00a0easily access\u00a0future\u00a0commission\u00a0revenue on\u00a0friendly,\u00a0\ufb02exible\u00a0terms\u00a0with\u00a0the\u00a0swipe\u00a0of\u00a0a\u00a0card.\u00a0Tongo\u00a0addresses a glaring gap in the consumer credit market for agents and is resonating equally strongly with brokerage \ufb01rms, who are partnering with Tongo to offer a powerful and differentiated \ufb01nancial management solution that impacts their agents&#8217; lives and wallets.&#8221;<\/p>\n<p>&#8220;The commission economy is something real estate agents are intimately\u00a0familiar\u00a0with,\u00a0and\u00a0thousands of agents rely on transaction closings to provide commission income,&#8221; shared New Valley Ventures&#8217; Managing\u00a0Director <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=2318987085&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fdansachar%2F&amp;a=Dan%C2%A0Sachar\" target=\"_blank\" rel=\"nofollow noopener\">Dan\u00a0Sachar<\/a><\/u><\/b>.\u00a0&#8220;We\u00a0know\u00a0\ufb01rst-hand this\u00a0growing\u00a0part\u00a0of\u00a0the\u00a0labor\u00a0force\u00a0needs\u00a0better liquidity solutions to manage their budgets and lives. Tongo&#8217;s next-generation platform provides a modern and easy-to-use approach for real estate agents.&#8221;<\/p>\n<p>\n        <b>ABOUT\u00a0TONGO<\/b>:\u00a0<b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=2830783999&amp;u=https%3A%2F%2Fgettongo.com%2F&amp;a=Tongo\" target=\"_blank\" rel=\"nofollow noopener\"><u>Tongo<\/u><\/a><\/u>\u00a0<\/b>works\u00a0like\u00a0a\u00a0debit card\u00a0on\u00a0future income.\u00a0Founded\u00a0in\u00a02021\u00a0by\u00a0Brandon\u00a0Wright, <span class=\"xn-person\">Luis Scull<\/span>, <span class=\"xn-person\">John Macris<\/span> and Patrick Waltinger, Tongo enables today&#8217;s real estate professionals to invest in their businesses\u2014<i>and themselves<\/i>\u2014all year long, privately, while commissions are still locked up. Tongo gets paid back when agents get paid. Tongo&#8217;s investors include leading names such as MetaProp, Good Friends, Launchpad, <span class=\"xn-person\">Elizabeth Street<\/span>, <span class=\"xn-person\">Douglas Elliman<\/span> via New Valley Ventures, Red Bike, Lab Ventures &amp; Remarkable Ventures. To learn more, visit <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=854650862&amp;u=https%3A%2F%2Fgettongo.com%2F&amp;a=https%3A%2F%2Fgettongo.com%2F\" target=\"_blank\" rel=\"nofollow noopener\"><u>https:\/\/gettongo.com\/<\/u><\/a><\/u><\/b><\/p>\n<p>\n        <b>ABOUT METAPROP: <\/b><br \/>\n        <b><br \/>\n          <u><br \/>\n            <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=550174023&amp;u=https%3A%2F%2Fwww.metaprop.vc%2F&amp;a=MetaProp\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n              <u>MetaProp<\/u><br \/>\n            <\/a><br \/>\n          <\/u><br \/>\n        <\/b> is a <span class=\"xn-location\">New York<\/span>-based venture capital (VC) \ufb01rm focused on the real estate technology (&#8220;PropTech&#8221;) industry. Founded in 2015, MetaProp&#8217;s investment team has invested in 150+ technology companies across the real estate value chain. The \ufb01rm manages multiple funds for both \ufb01nancial and strategic real estate investors that represent a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market. The \ufb01rm&#8217;s investment activities are complemented by pioneering community leadership including the <b><i><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=1397221202&amp;u=http%3A%2F%2Fproptechplace.nyc%2F&amp;a=PropTech+Place\" target=\"_blank\" rel=\"nofollow noopener\"><u>PropTech Place<\/u><\/a><\/u><\/i><\/b>\u00a0innovation hub, <b><i><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=754063457&amp;u=https%3A%2F%2Fwww.metaprop.vc%2Faccelerator&amp;a=MetaProp%C2%A0Accelerator%C2%A0at%C2%A0Columbia%C2%A0University\" target=\"_blank\" rel=\"nofollow noopener\"><u>MetaProp\u00a0Accelerator\u00a0at\u00a0Columbia\u00a0University<\/u><\/a><\/u><\/i><\/b>\u00a0programs,\u00a0global\u00a0events <b><i><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=1426331915&amp;u=http%3A%2F%2Fwww.realestatetechweek.nyc%2F&amp;a=NYC%C2%A0Real%C2%A0Estate%C2%A0Tech%C2%A0Week\" target=\"_blank\" rel=\"nofollow noopener\"><u>NYC\u00a0Real\u00a0Estate\u00a0Tech\u00a0Week<\/u><\/a><\/u><\/i><\/b>\u00a0and <b><i><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=3729739491&amp;u=https%3A%2F%2Fwww.propel-mipim.com%2F&amp;a=Propel+by+MIPIM+NYC\" target=\"_blank\" rel=\"nofollow noopener\"><u>Propel by MIPIM NYC<\/u><\/a><\/u><\/i><\/b>, and publications <b><i><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=2958797008&amp;u=https%3A%2F%2Fwww.metaprop.vc%2Fresearch&amp;a=Global+PropTech+Con%EF%AC%81dence+Index\" target=\"_blank\" rel=\"nofollow noopener\"><u>Global PropTech Con\ufb01dence Index<\/u><\/a><\/u><\/i><\/b>\u00a0and <b><i><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=3186241307&amp;u=http%3A%2F%2Fproptech101.com%2F&amp;a=PropTech+101\" target=\"_blank\" rel=\"nofollow noopener\"><u>PropTech <\/u><u>101<\/u><\/a><\/u><\/i><\/b>.<\/p>\n<p>\n        <b>ABOUT\u00a0DOUGLAS\u00a0ELLIMAN INC.:\u00a0<\/b>Douglas Elliman Inc. (NYSE: DOUG) (&#8220;<span class=\"xn-person\">Douglas Elliman<\/span>&#8220;) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in <span class=\"xn-location\">the United States<\/span> with operations in <span class=\"xn-location\">New York City<\/span>, <span class=\"xn-location\">Long Island<\/span>, <span class=\"xn-location\">Westchester<\/span>, <span class=\"xn-location\">Connecticut<\/span>, <span class=\"xn-location\">New Jersey<\/span>, the Hamptons, <span class=\"xn-location\">Massachusetts<\/span>, <span class=\"xn-location\">Florida<\/span>, <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">Colorado<\/span>, <span class=\"xn-location\">Texas<\/span> and <span class=\"xn-location\">Nevada<\/span>. In addition, <span class=\"xn-person\">Douglas Elliman<\/span> sources, uses and invests in early-stage, disruptive property technology (&#8220;PropTech&#8221;) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning <span class=\"xn-person\">Douglas Elliman<\/span> is available on its website, <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3658947-1&amp;h=3392683913&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3625544-1%26h%3D1380592042%26u%3Dhttp%253A%252F%252Fwww.elliman.com%252F%26a%3Dwww.elliman.com&amp;a=www.elliman.com\" target=\"_blank\" rel=\"nofollow noopener\"><u>www.elliman.com<\/u><\/a><\/u><\/b>.<\/p>\n<p>\n        <b>Media Contact:<br \/><\/b>Elise Szwajkowski Marino,\u00a0Vice\u00a0President<br \/><b><u><a href=\"mailto:eszwajkowski@marinopr.com\" target=\"_blank\" rel=\"nofollow noopener\">eszwajkowski@marinopr.com<\/a><br \/><\/u><\/b>(212)\u00a0402-3495<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF83996&amp;sd=2022-09-29\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/tongo-raises-7m-in-seed-funding-301633603.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/tongo-raises-7m-in-seed-funding-301633603.html<\/a><\/p>\n<p>SOURCE  Tongo<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF83996&amp;Transmission_Id=202209290900PR_NEWS_USPR_____SF83996&amp;DateId=20220929\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tongo Raises $7M In Seed Funding&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690313","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tongo Raises $7M In Seed Funding - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tongo Raises $7M In Seed Funding - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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 &quot;Tongo Raises $7M In Seed Funding&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-29T13:05:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF83996&amp;sd=2022-09-29\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tongo-raises-7m-in-seed-funding\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tongo-raises-7m-in-seed-funding\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tongo Raises $7M In Seed Funding\",\"datePublished\":\"2022-09-29T13:05:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tongo-raises-7m-in-seed-funding\\\/\"},\"wordCount\":866,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tongo-raises-7m-in-seed-funding\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SF83996&amp;sd=2022-09-29\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tongo-raises-7m-in-seed-funding\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tongo-raises-7m-in-seed-funding\\\/\",\"name\":\"Tongo Raises $7M In Seed Funding - 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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 \"Tongo Raises $7M In Seed Funding\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-29T13:05:26+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF83996&amp;sd=2022-09-29","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Tongo Raises $7M In Seed Funding","datePublished":"2022-09-29T13:05:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/"},"wordCount":866,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF83996&amp;sd=2022-09-29","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tongo-raises-7m-in-seed-funding\/","name":"Tongo Raises $7M In Seed Funding - 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