Loop Financial vs Relay
Loop Financial
Businesses across Canada bank on Loop to save time and money with global credit cards, accounts and more
27 employees · est. 2020 · 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 (2020 vs 2018); Relay is the larger of the two.
Side-by-Side Comparison
| Metric | Loop Financial | Relay |
|---|---|---|
| Founded | ||
| Founded | 2020 | 2018 older |
| Headquarters | ||
| Headquarters | Toronto, Canada | Toronto, Canada |
| Employees | ||
| Employees | 27 | 346 larger |
| Industry | ||
| Industry | Finance, Financial Services, Payments | Data Analytics, Financial Services, Fintech |
| Funding Stage | ||
| Funding Stage | Seed | Series B |
| Total Funding | ||
| Total Funding | Not tracked yet | $51.61M |
| Funding Rounds | ||
| Funding Rounds | 1 | 4 |
| Services | ||
| Services | Not tracked yet | Business checking accounts, Business savings accounts, Expense and invoice management, Payment processing services, Account and card management |
| Target Customers | ||
| Target Customers | Not tracked yet | Small business owners, Entrepreneurs, Businesses with payroll needs, Businesses needing organized financial solutions, Financial advisors |
| Taxonomy | ||
| Taxonomy | Cross-border BankingMulti-currency Banking PlatformCorporate CardsGlobal PaymentsOnline Business GrowthFinancial Services +8 | Business_banking_platformCash_flow_managementSmall_business_bankingExpense_managementVirtual_debit_cardsFinancial_technology +9 |
| Website | ||
| Website | bankonloop.com | relayfi.com |
About Loop Financial
Loop Financial is a cross-border banking platform providing financial services to Canadian-based businesses operating across Canada, the United States, and globally. The company's offerings include global credit cards, multi-currency accounts, and other tailored products aimed at saving businesses t...
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 Loop Financial on 10 Mar 2025, 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.
