Float vs Relay
Float
Banking, payments and spend management in one intelligent platform purpose-built for Canadian businesses
208 employees · est. 2019 · Toronto, Canada
Relay
The business banking and money management platform that puts small businesses in complete control of their cash flow
346 employees · est. 2018 · Toronto, Canada
Relay is the older company (2019 vs 2018).
Side-by-Side Comparison
| Metric | Float | Relay |
|---|---|---|
| Founded | ||
| Founded | 2019 | 2018 older |
| Headquarters | ||
| Headquarters | Toronto, Canada | Toronto, Canada |
| Employees | ||
| Employees | 208 | 346 |
| Industry | ||
| Industry | Finance, Financial Services, Fintech | Data Analytics, Financial Services, Fintech |
| Funding Stage | ||
| Funding Stage | Debt Financing | Series B |
| Total Funding | ||
| Total Funding | $93.00M | $51.61M |
| Funding Rounds | ||
| Funding Rounds | 4 | 4 |
| Services | ||
| Services | Corporate Cards with High Limits, Expense and Spend Management, Automated Bill Pay, Real-time Reporting and Insights, Accounting Automation, High Yield Business Accounts | Business checking accounts, Business savings accounts, Expense and invoice management, Payment processing services, Account and card management |
| Target Customers | ||
| Target Customers | CFOs, CEOs, Controllers, Accountants, Fast-growing Canadian businesses, Finance teams in various industries | Small business owners, Entrepreneurs, Businesses with payroll needs, Businesses needing organized financial solutions, Financial advisors |
| Taxonomy | ||
| Taxonomy | Corporate FinanceBusiness Finance PlatformCorporate CardsExpense ManagementFinancial ComplianceBill Payment Solutions +8 | Business_banking_platformCash_flow_managementSmall_business_bankingExpense_managementVirtual_debit_cardsFinancial_technology +9 |
| Website | ||
| Website | floatfinancial.com | relayfi.com |
About Float
Float, founded in 2019, is a dynamic Canadian company carving its niche in the fintech sector with its slogan: "Canada's complete business finance platform. Modern financial services + software to help you spend, save and grow." It's not a bank but a financial technology enterprise, aiming to simpl...
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 g...
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Compiled from the BounceWatch company index. We last looked at Float on 30 Oct 2026, and Relay on 30 Apr 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
