Digital Lender Salaryo Raises $5.5 Million in Debt Financing and Equity

Salaryo’s lending service is focused on financing for clients of shared office spaces

New York-based fintech startup Salaryo Inc. has announced the completion of a $5.5 million debt financing and equity funding round Wednesday. Salaryo did not disclose the breakdown of this round, but said that Toronto-based Ruby Ventures provided the debt financing, while serial entrepreneur Michael Ullmann provided equity funding.

 

Founded in 2017 by Israeli entrepreneurs Omri Avisar, Asaf Zagury, and Yair Levy, Salaryo offers a digital lending service to clients of shared office space companies. Salaryo launched the service last year.

 

In addition to its New York headquarters, Salaryo has a research and development center in Tel Aviv.

WeWork's shared office space. Photo: Bloomberg