Salaryo is a New York City fintech that offers fully digital business term loans and lines of credit for small businesses, freelancers and startups. Its lending technology automates KYC, financial and professional analysis, payment processing and e-signatures to deliver decisions in minutes and fund approved businesses within 24 hours. The company has provided financing to hundreds of entrepreneurs and freelancers since its 2017 founding. Salaryo is led by CEO and co-founder Yair Levy and maintains an R&D center in Tel Aviv. The company graduated from the Barclays Techstars FinTech accelerator in 2017. It plans to use new funding to accelerate small business lending and to launch new business banking products in 2021. Salaryo is a NYC-based fintech platform that offers digital lending services to U.S. freelancers and startups. Its core products include security-deposit financing for new coworking members and a flexible credit line for existing shared office tenants. The platform automates underwriting by analyzing a tenant’s identity, lease, financial and professional information to make decisions in minutes, then sends funds to the workspace so tenants can move in within 24 hours. Since launching its offering in New York City in 2018, Salaryo has served hundreds of entrepreneurs and freelancers and provides financing across more than 500 coworking office locations in 20 new cities including Washington, D.C., Austin and Denver. The company graduated from the Barclays Techstars fintech accelerator in 2017 and maintains an R&D center in Tel Aviv. It plans to use the new capital to scale its digital lending service.

Total raised

$11M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2020