Salaryo, a NYC-based fintech platform for U.S. freelancers and startups, raised a total of $5.8m in funding.
Backers included Variant Investments, Dubai-based private equity fund KEN Investments, Techstars Ventures and Michael Ullmann’s investment group, bringing its total funding to $12 million.
The company will use the funds to accelerate the growth of its small business lending activity and to launch new business banking products in 2021.
Led by Yair Levy, CEO and co-founder, Salaryo provides fully-digital business term loans and lines of credit for small businesses. The company has provided financing to hundreds of entrepreneurs and freelancers since its foundation in 2017. The lending technology features a fully automated experience, featuring KYC (Know Your Client), financial and professional analysis, payment processing and e-signatures, to make a decision in minutes. Once approved, Salaryo sends funds to the business within 24 hours.
Headquartered in New York City with an R&D center in Tel Aviv, Salaryo graduated from the Barclays Techstars FinTech accelerator in 2017.
FinSMEs
09/09/2020