– Tongo provides a private, flexible business line of credit for agents. –
CHICAGO – (May 24, 2023) – Leading Real Estate Companies of the World® welcomes Tongo to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Tongo specializes in developing liquidity-focused products that assist agents in stabilizing their cash flow. Agents can use this liquidity as working capital, such as funding to invest in staging and marketing homes. Tongo can also be used to bridge financial gaps between closings.
“Tongo’s innovative products provide agents with the flexibility required to seize opportunities, invest in their businesses, and achieve financial continuity, paving the way for financial success,” said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy.
“It’s important that we align ourselves with companies that hold the utmost level of integrity and professionalism. After working with hundreds of brokerages over the years, I can tell you that LeadingRE and its members are exactly that. Those who are part of the network truly reflect why they are considered as the best in the business. Our team couldn’t be more excited to be working closely with the brokers and agents who are at the forefront of the industry,” explained Brandon Wright, CEO of Tongo.
Tongo is a unique financial platform that caters to the specific needs of real estate professionals, providing a low-friction, low-priced, and private solution to align their income and expenses. By addressing the challenges of cyclical, delayed, and volatile income, Tongo empowers professionals to invest in growth and stabilize their personal cash flows between closings. With our innovative product, a line of credit based on future income, agents can freely invest in their businesses and choose when to pay themselves, ensuring greater flexibility and financial control.
About Leading Real Estate Companies of the World®
Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.