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Relay logo — The business banking and money management platform that puts...

Relay

The business banking and money management platform that puts small businesses in complete control of their cash flow.

Founded 2018 Canada Toronto, Canada 346 employees Series B Total: $51.61M Data Analytics, Financial Services +3

General Information

Company Name Relay
Founded Year 2018
Location Canada Toronto, Canada
Employees 346
Industries Data Analytics, Financial Services, Fintech +2
Funding Stage Series B
Business Model B2B, Platform, SaaS
Revenue Model Subscription, Tiered Pricing, Affiliate
Social

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About Relay

Relay is a dynamic player in the Fintech landscape, focusing on empowering small businesses through effective banking and money management solutions. Founded in 2018, the company operates from Canada and stands as the official banking platform of Profit First.

The startup offers tools designed to grant businesses complete control over their financial flows. Key features include up to 20 checking accounts for precise income and expense management, and the issuance of 50 physical or virtual debit cards to streamline spending. This is supplemented by role-based secure access for team members, enhancing both accessibility and security.

Backing by esteemed investors like Bain Capital Ventures, Better Tomorrow Ventures, and Industry Ventures, Relay recently secured a $32.20M Series B investment as of May 2024. Its ability to provide personalized support and seamless banking services via Thread Bank positions it well to scale and meet the demands of modern small businesses.

Business keywords: business_banking_platform, cash_flow_management, small_business_banking, expense_management, virtual_debit_cards, financial_technology, team_collaboration, banking_services, ACH_transfers, payments_automation, FDIC_insured_banking, accounting_integration, profit_first_methodology, customer_support_services, role_based_access_control

Services & Products

Business checking accounts
Business savings accounts
Expense and invoice management
Payment processing services
Account and card management

Target Customers

Small business owners Entrepreneurs Businesses with payroll needs Businesses needing organized financial solutions Financial advisors

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $32.20M 5
Bain Capital Ventures Better Tomorrow Ventures Industry Ventures
Bain Capital Ventures, Better Tomorrow Ventures +3
01 May 2024
Series A $15.00M 6
Panache Ventures Bain Capital Ventures Better Tomorrow Ventures
Panache Ventures, Bain Capital Ventures +4
01 May 2021
Seed $4.41M 5
Panache Ventures Better Tomorrow Ventures Amaranthine
Panache Ventures, Better Tomorrow Ventures +3
01 Oct 2020
Seed Undisclosed 1
iNovia Capital
iNovia Capital
01 Feb 2019

Relay Alternatives & Competitors

View All Alternatives
Relay vs
Found
Found United States

Business banking that delivers clarity, control, and time back.

Series B
95 employees
Financial Services, Fintech
Compare Relay vs Found
Relay vs
Float
Float Canada

Banking, payments and spend management in one intelligent platform purpose-built for Canadian busine...

Debt Financing
208 employees
Finance, Financial Services
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Relay vs
Bluevine
Bluevine United States

Bluevine is the largest small business banking platform in the U.S. 💼💰

Debt Financing
626 employees
Finance, Financial Services
Compare Relay vs Bluevine
Also compare with: Relay vs AccountNow AccountNow Relay vs Coba (YC S23) Coba (YC S23) Relay vs Rho Rho View all alternatives

FAQ About Relay

The business banking and money management platform that puts small businesses in complete control of their cash flow.
Relay was founded in 2018.
Relay is headquartered in Toronto, Canada.
Relay operates in Data Analytics, Financial Services, Fintech, Payments and Banking. Its work centres on business_banking_platform, cash_flow_management, small_business_banking and expense_management. Its customers include Small business owners, Entrepreneurs and Businesses with payroll needs.
Relay has a B2B, Platform and SaaS business model. Its revenue comes from Subscription, Tiered Pricing and Affiliate.
Relay has approximately 346 employees.
Relay has completed 4 funding rounds, raising a total of $51.61M. The latest funding stage is Series B.
Relay offers: Business checking accounts, Business savings accounts, Expense and invoice management, Payment processing services, Account and card management.
Top alternatives and competitors to Relay include Found, Float, Bluevine, AccountNow, Apron. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Relay and Found are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Relay, https://bouncewatch.com/company/relay-3, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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