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Salaryo has raised $12.8M across 3 funding rounds.
Key people at Salaryo.
Salaryo has raised $12.8M in total across 3 funding rounds.
Salaryo operates as a fintech lender, delivering online, flexible, and affordable financing solutions primarily to US small businesses. The company specializes in providing fast and accessible capital, addressing the needs of entrepreneurs and startups often underserved by traditional banking institutions. Its digital platform streamlines the application process, enabling efficient access to critical funds.
The company was co-founded in 2017 by Yair Levy, its CEO, alongside Asaf Zagury, Itay Dressler, Omri Avisar, and Tomer Pearl. This team identified a significant market gap for tailored financial products for the growing contingent workforce and nascent businesses. Their insight focused on building a digital lending infrastructure to support this dynamic segment.
Salaryo primarily serves small businesses, freelancers, and startups across the United States. The company's vision is to empower these ventures by offering transparent and adaptable financial tools, thereby fostering their stability and growth. It aims to be a vital financial partner for the modern business landscape.
Salaryo has raised $12.8M across 3 funding rounds. Most recently, it raised $6.0M Series U in September 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2020 | $6M Series U | — | Remagine Ventures | Announced |
| Aug 1, 2019 | $6M Seed | — | Remagine Ventures | Announced |
| Feb 1, 2017 | $800K Seed | — | Hanaco Ventures, Remagine Ventures | Announced |
Key people at Salaryo.
Salaryo has raised $12.8M in total across 3 funding rounds.
Salaryo's investors include Remagine Ventures, Hanaco Ventures.
Salaryo is a US-based fintech startup founded in 2017 that provides online, flexible, and affordable financing solutions to small businesses, freelancers, and entrepreneurs.[2][3][5][6] It offers products like security deposit financing for coworking spaces, flexible credit lines up to $500,000, same-day approvals, and terms from 6-36 months at rates around 16% per year, with features such as grace periods, no credit score impact, and automated KYC and financial analysis.[1][4][6] Initially targeting freelancers accessing office spaces and COVID-19 relief for SMEs, Salaryo now emphasizes partnerships with platforms like Lendio, LendingTree, and Fundera to serve broader small business needs, solving cash flow barriers with fast, digital lending.[1][5][6]
The company has shown growth through funding rounds, including $5.5 million in 2019 for coworking expansion and $5.8 million in 2021 for SME relief, before its 2021 acquisition by Meitav Investment House (now under Variant Investments).[1][2]
Salaryo was founded in 2017 in New York by CEO and co-founder Yair Levy, emerging as a Techstars-backed fintech platform to address financing gaps for US freelancers and startups.[2][4] The idea stemmed from the challenges freelancers and small businesses faced in securing quick capital for essentials like coworking security deposits, leading to its first-to-market digital lending service.[4] Early traction included partnerships with coworking spaces and a $5.5 million raise in 2019 from Ruby Ventures and Michael Ullmann's group, enabling expansion to over 500 locations across 20 cities.[4] A pivotal 2021 $5.8 million round focused on automated lending for COVID-19 SME relief, followed by acquisition by Meitav Investment House (publicly traded on TASE), integrating it as a subsidiary of Variant Investments with about 9 employees.[1][2]
Salaryo rides the fintech democratization wave, targeting underserved small businesses and freelancers amid the gig economy boom and post-COVID financing crunch, where traditional banks often fail SMEs with slow processes and high barriers.[1][2][5] Its timing aligns with rising demand for digital lending—accelerated by remote work and coworking resurgence—positioning it against competitors like Upwork or Fiverr in the freelancer ecosystem while filling gaps in platforms like LendingTree.[2][4][6] Market forces like low-interest environments and regulatory pushes for SME support favor its model, influencing the ecosystem by partnering with lending marketplaces to scale access and reduce red tape for startups.[5][6]
Salaryo is poised to expand its automated lending amid ongoing gig economy growth and AI-driven underwriting trends, potentially deepening integrations with fintech marketplaces and exploring new products like revenue-based financing. As a subsidiary of Variant Investments, it benefits from institutional backing to navigate economic shifts, with influence likely growing through ecosystem partnerships that empower more entrepreneurs. This evolution reinforces its founding mission: unlocking flexible capital to fuel small business success in a dynamic tech landscape.[2][5][6]
