Relay
Small business banking and money management tools to put you in complete control of what your business is earning, spending and saving. The official banking platform of Profit First. Bank with Relay for: ✅ No fees or minimum balances that tie up cash flow ✅ Up to 20 checking accounts to organize income and expenses ✅ Spending management using 50 physical or virtual debit cards ✅ Payments and deposits via ACH transfers, checks and wires ✅ Secure, role-based access to team members and financial advisors ✅ Personalized customer support by email, phone or chat - Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.
Relay
Small business banking and money management tools to put you in complete control of what your business is earning, spending and saving. The official banking platform of Profit First. Bank with Relay for: ✅ No fees or minimum balances that tie up cash flow ✅ Up to 20 checking accounts to organize income and expenses ✅ Spending management using 50 physical or virtual debit cards ✅ Payments and deposits via ACH transfers, checks and wires ✅ Secure, role-based access to team members and financial advisors ✅ Personalized customer support by email, phone or chat - Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.
TL;DR
What they do: Online business banking and money-management platform for small businesses
Product highlights: Up to 20 checking accounts, savings, debit/credit cards, ACH/checks/wires, role-based access
Banking partner: Thread Bank (Member FDIC)
Recent funding: $32.2M Series B (May 29, 2024); total funding reported $51.6M
Headcount (reported): 280 employees
Company Overview
Problem Domain
Small business banking and cash-flow management
Industry
Financial technology / Business banking
Funding Track Record
$15M (Series A portion); company post references $19.4M total at that time
Company communication referenced a $19.4M total including a $15M Series A led by Bain Capital Ventures
$32.2M
Reported to bring total funding to $51.6M
Investor Signal
“Led by Bain Capital Ventures with participation from investors including Garage, Industry Ventures and Tapestry”