About Relay
Relay is a Financial Services company based in Toronto (Canada) founded in 2018 by Paul Klicnik and Yoseph West. Digital banking services for businesses are provided via an app. It operates on a FinTech and Subscription Services model. Relay has raised $101.64 million across 4 funding rounds from investors including Tribe Capital, Amaranthine and Bain Capital Ventures. Its chief executive, as recorded, is Yoseph West. Its website relayfi.com draws about 1.2 million monthly visits. Relay offers products and services including Relay Business Checking, Relay Business Savings, Relay Visa Credit Card, Expense Management, and Accounts Payable. Its focus areas include Banking and Digital Banking. Its legal entity is Relay Financial Technologies, Inc.
Company details
Relay is established as a financial technology company focused on providing online business banking services. Banking solutions are offered through partnerships with Thread Bank, Member FDIC, ensuring FDIC insurance coverage for deposits. Services are designed for small businesses, including business checking, savings accounts with competitive APY, expense management, accounts payable, and Visa credit and debit cards. Integration with tools like Xero, QuickBooks Online, and Gusto is supported for streamlined financial operations. The platform is tailored to enhance cash flow clarity, particularly through the Profit First methodology, and serves sectors such as real estate, e-commerce, and home services. Security measures, including SOC 2 Type II certification, are implemented to protect client data.
- Total Equity Funding$101.64M (USD)
in 4 rounds
- Latest Funding Round$50M (USD), Series C
May 2026
- InvestorsTribe Capital
& 9 more
Products & Services of Relay
Relay offers a comprehensive portfolio of products and services, including Relay Business Checking, Relay Business Savings, Relay Visa Credit Card, Expense Management, and Accounts Payable.
Business checking accounts are provided for financial management.
Savings accounts are offered with competitive interest rates.
Credit cards are issued for business cash flow.
Tools for expense tracking are provided to businesses.
Bill payment solutions are integrated within banking services.
Apps and channels of Relay
Relay publishes 2 mobile apps with over 50K+ downloads; its YouTube channel Relay has 1.37K subscribers and 30 videos.
Videos from Relay
The most watched videos on Relay's YouTube channel, Relay (1.37K subscribers). Click a video to play it here.
More on Relay.
Funding Insights of Relay
Relay has successfully raised a total of $101.64M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in May 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $101.64M
- Total Rounds 4
- Last Round Series C — $50M
- First Round $4.41M
(Oct 2020)
- Investors Count 10
All 4 funding rounds of Relay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2026 | $50M | Series C | – | General Catalyst | – |
| Feb 2024 | $32.2M | Series B | – | Bain Capital Ventures | |
| May 2021 | $15.03M | Series A | – | Bain Capital Ventures | |
| Oct 2020 | $4.41M | Series A | – | Better Ventures |
10 investors in total: 10 institutional.
Investors in Relay
Relay has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Tribe Capital, Amaranthine and Bain Capital Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on investing in multiple sectors | baincapitalventures.com | Boston, United States | ||
Investments in private tech ecosystem are made by Industry Ventures. | industryventures.com | San Francisco, United States | ||
Tapestry Venture Capital is engaged in seed and early-stage investments. | tapestry.vc | San Francisco, United States | ||
Seed-stage investments are made by Garage Capital across multiple sectors. | garage.vc | Kitchener, Canada | ||
Early-stage investments in fintech, vertical SaaS, and marketplaces are targeted. | btv.vc | San Francisco, United States | ||
Investments are made in global seed and early-stage startups. | 2018 | tribecap.co | Menlo Park, United States | |
Venture capital firm focused on multiple sectors | panache.vc | Montreal, Canada | ||
Amaranthine is managed as a family office offering investment services. | 2017 | amaranthine.com | San Francisco, United States | |
Micro-venture capital firm investing in pre-seed to seed stage startups | better.vc | Oakland, United States | ||
| generalcatalyst.com |
Investor details for Relay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Relay
38 people are tracked at Relay (9 in leadership, 29 in team).
| Name | Role | Group |
|---|---|---|
Paul Klicnik | Co-Founder & CTO | Leadership |
Yoseph West | Co-Founder & CEO | Leadership |
Patrick Smith | VP Of Engineering | Leadership |
David J. Vital | Chief Financial Officer | Leadership |
Shezal Lalani, CPA, CA | Director of Finance | Leadership |
Idil Osman | Director, People | Leadership |
Lorena Scott | Chief People Officer & Head Of Customer Experience | Leadership |
Nichole Porter | Head Of Sales | Leadership |
Jason Howard | Vice President Of Risk | Leadership |
Babar Khan 🦢 | Account Executive | Team |
Simrah Ali | Strategic Account Executive | Team |
Blake Oliver, CPA | Accounting Community Advocate | Team |
Adila Dilixiati | Quality Assurance Engineer | Team |
Eduard Tepes | Sr Site Reliability Engineer I | Team |
Jonathan Brubacher | Senior Mobile Engineer | Team |
Nicole Plant | Sr. Manager, Direct Sales | Team |
Manvi J. | Senior Data Engineer | Team |
Sara Chong | Account Manager | Team |
Adam Helfrich | Senior Account Executive | Team |
Syed Hussaini | Engineering Manager | Team |
18 more people are available in the full profile.
Complete people profiles for Relay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Relay
3 dated milestones of Relay across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Relay is founded.
- Funding First funding round of $4.4M.
- Funding Latest funding round, Series C, of $50.0M.
Web traffic of Relay
The website of Relay (relayfi.com) receives about 1.2M visits a month and ranks #39,676 among all websites worldwide, #2,522 in Finance.
- Monthly visits1.2M
▲ 15.4% vs previous month
- Unique visitors309.1K
per month
- Global rank#39,676
among all websites
- Category rank#2,522
Finance · Finance
- Bounce rate30%
- Pages per visit5.9
- Average visit7 min 20 sec
- DevicesDesktop 65% · Mobile 35%
Websites whose visitors overlap most with Relay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nerdwallet.com | 100% | 22.3M | #2,677 | View details | |
| brex.com | 88% | 919.8K | #37,270 | View details | |
| trustpilot.com | 87% | 91.2M | #636 | View details | |
| baselane.com | 86% | 469.5K | #81,203 | View details | |
| affirm.com | 85% | 23.7M | #1,694 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Relay
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Relay
Complete news archive for Relay
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Frequently Asked Questions about Relay
Relay was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Relay is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Yoseph West is the CEO of Relay, as recorded in our data. They have also founded this company.
Relay is a funded company, having raised a total of $101.64M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.41M, raised on Oct 2020.
Relay is established as a financial technology company focused on providing online business banking services. Banking solutions are offered through partnerships with Thread Bank, Member FDIC, ensuring FDIC insurance coverage for deposits. Services are designed for small businesses, including business checking, savings accounts with competitive APY, expense management, accounts payable, and Visa credit and debit cards. Integration with tools like Xero, QuickBooks Online, and Gusto is supported for streamlined financial operations. The platform is tailored to enhance cash flow clarity, particularly through the Profit First methodology, and serves sectors such as real estate, e-commerce, and home services. Security measures, including SOC 2 Type II certification, are implemented to protect client data.
Relay offers Relay Business Checking, Relay Business Savings, Relay Visa Credit Card, Expense Management, and Accounts Payable.
Relay has 10 investors. Key investors include Tribe Capital, Amaranthine, Bain Capital Ventures, Industry Ventures, and Tapestry Venture Capital.
Relay operates through Relay Financial Technologies, Inc..
Yes. Relay publishes Relay | Business Banking and 1 more app, with over 50,000 downloads.
The website of Relay receives about 1.2 million visits a month and ranks #39,676 among all websites worldwide.