Salaryo raises $5.5 million to finance coworking memberships
NYC-based Salaryo has raised $5.5 million in new funding from Ruby Ventures and Michael Ullmann’s investment group, bringing its total funding to $6.3 million.
Established in 2017, the company operates in the space of London-based Insurami providing security deposit financing for new co-working office members and a flexible credit line for existing shared office tenants.
“Salaryo’s latest round of funding is a vote of confidence for the shared workspace industry and will enable us to remove the biggest concern for our customers – cash flow – so that they can focus on growing their business. Our goal is to support freelancers and entrepreneurs in taking their first steps by helping them afford an office space. The benefits of shared workspaces make access to them a fundamental way for people to do their best work. Even if a business is already settled in a coworking space, Salaryo will foster its growth by providing affordable and flexible credit on-demand.” – CEO and cofounder of Salaryo, Yair Levy.