Salaryo

Company Overview

Snapshot

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

Business overview

Salaryo provides fast and flexible financing solutions for small businesses in the United States. The company offers loans and lines of credit, targeting freelancers, entrepreneurs, and small to medium-sized enterprises (SMBs). Operating within the Fintech & Insurtech sector, Salaryo leverages a web-based platform to deliver its financial services.

Strategic signal

In November 2024, Salaryo became the subject of a lawsuit filed by a group of private investors against its founders, Yair Levy. The lawsuit, seeking $1.4 million, alleges that the 2021 acquisition by Meitav Credit was detrimental to the company's interests and led to the loss of their investment, claiming the deal was intended to cease operations and render Salaryo insolvent. This development indicates significant post-acquisition legal challenges and raises questions about the financial integrity and operational transparency surrounding the company's exit.

Company Intelligence Q&A

What was the most recent significant event for Salaryo?

In November 2024, a group of private investors filed a lawsuit against Salaryo's founders, Yair Levy. The lawsuit claims the 2021 acquisition by Meitav Credit was against the company's interests and led to the loss of their investment.

When was Salaryo acquired and by whom?

Salaryo was acquired by Meitav Dash in December 2021.

Which investors participated in Salaryo's September 2020 funding round?

In September 2020, Salaryo received funding from KEN Investments and Variant Investments.

What was the focus of Salaryo's September 2019 funding round?

In September 2019, Salaryo raised $5.5 million in equity and debt funding from Ruby Ventures and Michael Ullmann's investment group. This funding was intended to expand the company's services across the U.S. and form more partnerships with coworking space providers, particularly for security deposit financing.

What was Salaryo's initial offering in early 2018?

In February 2018, Salaryo launched its service offering flexible lending exclusively for coworking members, providing funding to finance workplace membership costs. The company had gained backing from the Barclays Techstars Accelerator 2017 and angel investors.