Side-by-Side Comparison
| Metric | Relay | Tonik |
|---|---|---|
| Founded | ||
| Founded | 2018 | 2018 |
| Headquarters | ||
| Headquarters | Toronto, Canada | Singapore, Singapore |
| Employees | ||
| Employees | 346 | 419 |
| Industry | ||
| Industry | Data Analytics, Financial Services, Fintech | Financial Services, Fintech, Banking |
| Funding Stage | ||
| Funding Stage | Series B | Series B |
| Total Funding | ||
| Total Funding | $51.61M | $175.00M |
| Funding Rounds | ||
| Funding Rounds | 4 | 5 |
| Services | ||
| Services | Business checking accounts, Business savings accounts, Expense and invoice management, Payment processing services, Account and card management | Not tracked yet |
| Target Customers | ||
| Target Customers | Small business owners, Entrepreneurs, Businesses with payroll needs, Businesses needing organized financial solutions, Financial advisors | Not tracked yet |
| Taxonomy | ||
| Taxonomy | 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 | Neobank, Digital Banking, Philippines, Southeast Asia, Retail Deposits, Unsecured Lending, Digital Bank License, Bangko Sentral Ng Pilipinas, PDIC, Internet Usage, Financial Inclusion, Innovation |
| Website | ||
| Website | relayfi.com | tonikbank.com |
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...
About Tonik
Tonik Tonik, the first neobank in the Philippines, is a transformative digital bank founded in 2018. The company is on a mission to revolutionize the way money works in Southeast Asia by addressing the US$140 billion retail deposit and US$100 billion unsecured retail lending opportunities in the Phi...
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Funding, hiring, leadership and stack changes at Relay and Tonik — by email.
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Compiled from the BounceWatch company index. We last looked at Relay on 30 Apr 2026, and Tonik on 12 Sep 2024. 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.