Relay
formerly RelayFiRelay is a fintech company in Toronto, Canada, founded in 2018. It has raised $51.6M across 3 rounds, most recently a $32.2M Series B in May 2024.
On the money, all the time
- Headquarters
- Toronto
- Employees
- 201–500
- Founded
- 2018
- Business Model
- B2B
- Website
- relayfi.com
- Total Funding
- $51.6M
- Last Round
- $32.2M Series BMay 2024
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 9 investors for this company. The full record is or through the API.
About
Relay (operating as Relay Financial Technologies, Inc.) is an all-in-one business banking and money management platform built for small businesses. It offers no-fee business checking and savings accounts, Visa debit and credit cards, accounts payable automation, expense management, invoicing, and payment requests — all in a single platform. Banking services are provided through Thread Bank (Member FDIC), with FDIC insurance coverage up to $3 million via a deposit sweep program. Relay integrates with QuickBooks Online, Xero, Gusto, Plaid, and Yodlee, and runs a certified advisor partner program for accountants and bookkeepers. The company is backed by Bain Capital Ventures and Better Tomorrow Ventures.
Summary
It lists 201–500 employees. It has raised $51.6M in total across 3 rounds, most recently a $32.2M Series B round in May 2024. Investors include Better Tomorrow Ventures, Bain Capital Ventures and General Catalyst.
Tech & App Stack
15 technologies & apps tracked
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Funding History
May 2026
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Funding: Seed through Series B. Amounts, valuations, and investors where available.
Investors
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