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Expert Collections containing Relay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Relay is included in 3 Expert Collections, including Fintech.
F
13,227 items
Excludes US-based companies
D
1,000 items
Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.
C
345 items
Latest Relay News
How Relay, a Toronto-based neobank, is gaining ground in the US SMB market
Jun 27, 2024
How Relay, a Toronto-based neobank, is gaining ground in the US SMB marketWhat motivated Relay's Canadian founders to target the US market? Co-founder & CEO Yoseph West shares about Relay's US SMB target market, growth strategies, and the challenges associated with serving this segmentSara Khairi | June 27, 2024This iframe contains the logic required to handle Ajax powered Gravity Forms. Almost six years ago, Yoseph West and Paul Klicnik [VP of Engineering] founded a Toronto-based fintech startup Relay . Relay provides an online business banking and money management platform that automates finance functions for SMBs by integrating with their back-office systems. This B2B company serves SMB owners across the US in various sectors, including professional services, retail and e-commerce, non-profits, trades, and real estate. The US SMB market is highly competitive, with many native players vying to establish their presence within the sector and meet SMBs’ expectations through new offerings. So what motivated Relay’s Canadian founders to target the US market with their fintech venture? The inspiration to operate in the USBefore founding Relay, co-founder and CEO, Yoseph West gained experience working on platforms for the US market by developing accounting technology at Hubdoc and Wave. Both companies are also based in Toronto and cater to American small businesses. The decision to establish a company serving the US market was driven by the market size and the opportunities it offers. It’s also better for securing funding. “Relay has served US SMBs since day one,” West told Tearsheet. “When we founded the business almost six years ago, we witnessed the pace of innovation and strong presence of consumer fintech products like Venmo and PayPal in the US. Less developed was the fintech market serving businesses, specifically SMBs, so we jumped at the opportunity to build a platform that serves American business owners.”…
May 30, 2024
May 30, 2024
Relay Frequently Asked Questions (FAQ)
When was Relay founded?
Relay was founded in 2018.
Where is Relay's headquarters?
Relay's headquarters is located at 60 Adelaide East, Toronto.
What is Relay's latest funding round?
Relay's latest funding round is Series B.
How much did Relay raise?
Relay raised a total of $51.61M.
Who are the investors of Relay?
Investors of Relay include Better Tomorrow Ventures, Garage Capital, Bain Capital Ventures, Tapestry, Industry Ventures and 13 more.
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