Relay

Relay is an innovative financial technology startup that aims to empower small businesses with complete control over their cash flow. Through its online business banking and money management platform, businesses can gain precise insights into their earnings, expenditures, and savings. With no fees or minimum balances to tie up cash flow and the provision of up to 20 checking accounts for organizing income and expenses, Relay offers a comprehensive solution. Furthermore, the platform facilitates spending management with 50 physical or virtual debit cards, as well as enables ACH transfers, checks, and wires for payments and deposits. Notably, secure, role-based access to team members and financial advisors, as well as personalized customer support, are also integral features of Relay. Established in 2018 and headquartered in Canada, Relay recently secured a Series B investment on 3rd March 2024, with Bain Capital Ventures as the investing partner. It is crucial to highlight that while Relay is not a bank itself, it collaborates with Thread Bank, a member of the FDIC, to provide banking services and insurance. This strategic partnership enhances Relay's ability to offer secure and reliable financial services to its users. With its focus on empowering small businesses and its recent funding from a reputable investor, Relay demonstrates strong potential for growth and impact in the financial technology industry.