Relay

formerly RelayFi

On the money, all the time

Toronto, Canada · Founded 2018 · $51.6M raised

Headquarters
Toronto
Employees
201–500
Founded
2018
Business Model
B2B
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 General Catalyst.

Tech & App Stack

15 technologies & apps tracked

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Funding History

Debt FinancingDebt FinancingMay 2026
$50.0M

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Seed through Debt Financing — per-round amounts, valuations, and who invested in each round.

Investors

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