About Relay
Relay is a company based in Toronto (Canada) founded in 2018 by Paul Klicnik and Yoseph West. It operates as a FinTech and Subscription Services. Relay has raised $101.64 million across 4 funding rounds from investors including Tribe Capital, Amaranthine and Bain Capital Ventures. Relay offers products and services including Relay Business Checking, Relay Business Savings, Relay Visa Credit Card, Expense Management, and Accounts Payable. Relay operates in a competitive market with competitors including Brex, BlueVine, Tide, Novo and Mercury, among others.
- Headquarter Toronto, Canada
- Founders Paul Klicnik, Yoseph West
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Relay Financial Technologies, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$101.64 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series C
May 19, 2026
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Investors
Tribe Capital
& 9 more
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Employee Count
Not available
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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.
People of Relay
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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.
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.
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Venture capital fund focused on investing in multiple sectors
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Investments in private tech ecosystem are made by Industry Ventures.
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Tapestry Venture Capital is engaged in seed and early-stage investments.
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Investor details for Relay
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Investments & Acquisitions by Relay
Investment portfolio details for Relay
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Financial Statements - Relay
Detailed financials for Relay
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Relay Comparisons
Peer comparison for Relay
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Competitors of Relay
Relay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, BlueVine, Tide, Novo and Mercury, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS-driven credit card and spend management solutions platform for businesses
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Digital bank for businesses
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Tide is recognized as a digital banking platform for businesses.
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Casino sites are evaluated and reviewed by Novo.
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Online business banking and financial workflow tools are provided.
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Accounting and bookkeeping solutions are provided for small businesses.
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Detailed competitors of Relay
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Latest news on 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 current CEO of Relay. They have also founded this company.
Relay is a funded company, having raised a total of $101.64M across 4 funding rounds to date.
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.