How much funding has Relay raised?

Relay has raised $51.6M in total funding, most recently a Series B round.

Who are Relay's investors?

Relay's investors include Better Tomorrow Ventures, Bain Capital Ventures, Garage Capital, Tribe Capital, Panache Ventures, Amaranthine.

Where is Relay headquartered?

Relay is headquartered in Toronto, Canada.

Relay

formerly RelayFi

On the money, all the time

Toronto, Canada · Founded 2018 · $51.6M raised

Fintech

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

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

Relay is a Fintech company based in Toronto, Canada, founded in 2018. 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 Garage Capital.

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