Azibo Expands Industry-Leading Landlord Financial Services Platform with Launch of 1% Cash Back Debit Card

 Post by Azibo Team on November 18, 2020

The Azibo Business Debit Mastercard, as well as linked banking and payments tools, enable rental property owners to manage and grow their business on a single, free platform

Azibo, the free, all-in-one platform for landlord financial services, today launched the Zibo Business Debit Mastercard. The first and only debit card designed for the unique needs of landlords, it offers 1% cash back to help independent rental property owners grow their rental business. That means landlords no longer have to keep track of multiple accounts and credit cards, and instead can use a single debit card linked to the Zibo platform for all of their rental property finances. 

The Zibo Business Debit Mastercard is part of Zibo’s integrated landlord financial solutions, including bankingrent collection, security deposit tools, expense management, bill pay, insurance, and mortgages. The Zibo business checking account and linked debit card enables landlords to earn points on all signature-based transactions while managing their rental business in one place, with one login — for free. 

With Azibo banking, landlords now get access to: 

  • Azibo Business Debit Mastercard with 1.0% cash back rewards
  • Zero monthly or hidden fees
  • 3.75X the national average interest rate*
  • FDIC insurance**
  • Free tools for rent collection, security deposits, bill payments and expense management
  • Schedule E classification to simplify tax preparation
  • Mobile check deposit

Azibo is FDIC-insured through Radius Bank, a nationally chartered member of the Federal Deposit Insurance Corporation and an Equal Housing Lender. 

“Landlords have specific needs that are not being served by traditional national or regional banks and credit unions today,” said Chris Hsu, CEO and co-founder of Azibo. “As a result, they have had to juggle multiple bank accounts and vendors that each have their own restrictions and hidden fees. Now landlords can let their money make money, whether they’re earning rewards with the Azibo debit card or getting interest in a Zibo bank account. The result is streamlined finances to help landlords save time, stay organized, and focus on growing their business.” 

And yes, it really is free! Rather than charging landlords fees like traditional banks, Azibo makes money in other ways so we can offer our financial tools to landlords at no cost. 

Apply for the Azibo Business Debit Mastercard today

Landlords who open a Azibo bank account, as well as existing Zibo customers, will automatically receive a debit card in the mail. Azibo Business Debit Mastercard cardholders must maintain a monthly average account balance of $5,000 or greater in order to be eligible for cash back rewards. 

Ready to earn 1% cash back on your transactions? Skip the trip to a traditional bank and create a Azibo account online in just a few minutes. 

*Based on the APY average for Interest Checking accounts as published by www.fdic.gov on 6/30/2020.

**Zibo banking services provided by Radius Bank, Member FDIC. Deposits are insured up to $250,000 per depositor.

About Azibo

Azibo is the industry’s first and only banking and payments company designed for the unique needs of landlords. We provide modern, secure solutions for financial services—including banking, rent collection, expense management, bill pay, and access to competitive loans and insurance—at no cost to landlords. Azibo empowers independent landlords to save time, stay organized, and grow their portfolio, while enabling tenants to choose from flexible, online rent payment options. Zibo’s investors include Canaan Partners, QED Investors, Khosla Ventures and SVB Capital. Learn more at www.azibo.com

About Radius Bank

With assets of approximately $1.6 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank to consumers, small and middle market businesses, unions, government entities and non-profit organizations. The Bank's award-winning digital banking platform allows consumer clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. Business clients enjoy a wide array of award-winning deposit products, advanced treasury management services, and loan and payment solutions. In addition, Radius' suite of open APIs delivers a robust banking-as-a-service (Baas) platform for fintechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking fintechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank's website at radiusbank.com, or follow the Bank on TwitterLinkedInFacebook, and Instagram.

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Learn about the Azibo landlord signup process in this step-by-step guide.

Want to know what the Azibo experience looks like for your tenants? Read our blog post How Do Renters Sign Up for Azibo? for instructions on the Azibo renter sign-up process.

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