Location
Headquarters: Toronto, Ontario, Canada, North America
Region: Ontario
Country: CA
Continent: North America
About
Relay is a fintech company offering an all-in-one online business banking and money management platform that helps small businesses understand what they’re earning, spending, and saving. It emphasizes cash flow clarity and provides tools for managing payments, savings, and debit/credit card usage, with banking services provided through Thread Bank under FDIC insurance terms. The platform positions itself as a modern, digital solution for small business finances and cash flow optimization.
Relay provides digital business banking and money management services for small businesses and startups. Partnering with Thread Bank, it offers FDIC-insured checking and savings accounts, debit cards, and credit cards with cashback rewards. The platform integrates with accounting software like QuickBooks and Xero to automate cash flow management and expense tracking.
Relay Financial Technologies Inc.
2018
for_profit
active
Industries
Primary Industry: Finance
Categories
Funding & Financials
Series B
75500000
1m-10m
private
Investors
Founders
Paul Klicnik
Yoseph West
Leadership
Technology Stack
Products
Relay Business Banking Platform: An online banking platform offering multiple checking and savings accounts, debit and credit cards, and payment services for small businesses.
Expense Management: A system to capture, store, and categorize receipts and expenses, integrated with accounting software for streamlined bookkeeping.
Accounting and Back-Office Integrations: Integrations with accounting and payroll software to sync transaction data and streamline bookkeeping for small businesses.
Invoicing and Payment Requests: Tools to create, send, track invoices and payment requests, enabling businesses to collect payments through multiple secure methods.
Partner Program for Accountants and Bookkeepers: A program enabling accounting professionals to manage client banking, onboard clients, and access rewards and support through a dedicated portal.
Relay Capital term loans: Relay Capital term loans offer small businesses streamlined access to financing directly within the Relay banking platform.
Funding rounds
Series B · $32.2M · (2024-03-03) · Lead: Bain Capital Ventures
Series A · $15M · (2021-05-13) · Lead: Bain Capital Ventures
Seed · $4.41M · (2020-10-19) · Lead: Better Tomorrow Ventures
