Salaryo

Company Overview

Snapshot

Founded in January 2017 by Yair Levy and Omri Avisar, Salaryo operates with 1–10 employees. The company raised $6.6M across 3 funding rounds from 7 investors. Salaryo was acquired by Meitav Dash in December 2021.

Business overview

Salaryo provides fast and flexible financing solutions for small businesses in the United States. The company's core offering focuses on lending and financing, particularly for coworking tenants and gig-economy workers. Operating within the Fintech & Insurtech sector, Salaryo serves both B2C and B2B markets, with a specific emphasis on SMBs and freelancers.

Strategic signal

In September 2020, Salaryo secured an investment from KEN Investments, marking the first-ever UAE investment into an Israeli fintech company. This signals a growing international interest in Salaryo's financial solutions and highlights the company's potential for cross-border strategic partnerships and market expansion.

Company Intelligence Q&A

When was Salaryo acquired and by whom?

Salaryo was acquired by Meitav Dash in December 2021.

What was a significant funding event for Salaryo?

This round was noted as the first UAE investment into an Israeli fintech company.

What was Salaryo's strategy for US expansion?

In September 2019, Salaryo announced plans for US expansion, focusing on direct lending for coworking tenants.

What was Salaryo's initial product offering at launch?

In March 2018, Salaryo launched a 'coworking bank' specifically designed for freelancers and digital nomads, offering financial options for coworking memberships.