Relay raises $32.2M in a Series B round led by Bain Capital Ventures to accelerate product development
Relay raises $32.2M in a Series B round led by Bain Capital Ventures to accelerate product development
05/29/24, 3:44 PM
Location
torontoMoney raised
$32.2 million
Industry
banking
financial services
Investors
Industry Ventures, Bain Capital Ventures
Relay, the business banking platform for small businesses (SMBs), has announced the completion of a $32.2 million Series B financing round. This funding will accelerate product development in spend management, smart credit products, and a financial API marketplace, furthering the company's goal of delivering AI-powered predictive cash flow analytics to SMBs.
Company Info
Location
2 bloor st w suite 1730
toronto, ontario, canada
Additional Info
Relay Financial is a Toronto-based fintech startup founded by innovators Paul Klicnik and Yoseph West. The company's mission is to simplify the complex world of business finance by offering an all-in-one platform for businesses to gain a clear understanding of their finances.