Tongo is a financial tool that works like a debit card on future income. Now you can invest in your business — and pay yourself — whenever you want to. The account is automatically reimbursed when you get paid. Tongo is re-aligning the commission economy. The service operates privately, so agents don’t need to involve others on their team or their brokers. It offers a physical card to use for transactions as well as an app, so agents can manage their finances on the go.
Real estate agents are one of the largest groups of commission-based professionals in the country. Every real estate agent is a small business owner. Income can be cyclical, delayed and volatile. And the imbalance between steady expenses and volatile cash flows makes it harder to reinvest in your business, budget or save for the future.