Founded
2018
Users
200,000+
Total Funding
$51.6M
Employees
300+
🏢 Company Overview
Headquarters
Toronto, Canada
CEO
Yoseph West
Founder
Yoseph West, Paul Klicnik
Funding Stage
Series B
Total Funding
$51.6M
Users
200,000+
Pricing
Freemium
Rating
★ 4.4
AML Compliant
PCI DSS
Payment License
FDIC Insured
FDIC insured up to $3,000,000 per business via Thread Bank sweep program
ℹ️ About Relay
Relay is a digital business banking platform offering free checking, expense management, and invoicing for small businesses.
⚡ Key Features
Up to twenty fee-free checking accounts
Visa debit and credit card issuance
Built-in invoicing with payment link collection
Automated maximum-balance transfer rules configuration
Native QuickBooks and Xero accounting integrations
AI-powered expense categorization and bill automation
💪 Strengths & Weaknesses
4 Pros
3 Cons
💪
Strengths
What it does well
No monthly fees starter plan
Official Profit First banking partner
Up to $3M FDIC coverage
Robust multi-account cash organization
⚠️
Weaknesses
Areas to improve
U.S. businesses only supported
Limited phone support wait times
No cash deposit at branches
💬 User Reviews
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🔗 External Resources
🌍 Available In
1 countries
United States
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