Tongo

Tongo is a financial technology company dedicated to supporting commission-based professionals, especially in the real estate sector. It aims to enhance financial stability and growth for self-employed individuals who often face challenges with traditional banking systems. Tongo addresses the needs of the "commission economy," which is expected to encompass a significant portion of the U.S. workforce. The company offers a range of services, including a financial benefits platform that automates commission distributions for real estate brokerages. This platform allows agents to access pending commissions early and manage their finances more effectively. Tongo also provides a commission-backed line of credit, enabling agents to use future earnings for immediate financial needs. Additionally, its automated financial tools help agents allocate commissions across various accounts quickly and efficiently. Tongo primarily serves real estate agents and brokerages, processing over $100 million in commissions. The company focuses on empowering 1099 professionals to achieve financial health and business growth through innovative solutions tailored to their unique income challenges.