Relay Financial

Relay Financial is a Canadian-founded fintech company launched in 2018 that provides online business banking for small and medium-sized businesses in the United States. The platform allows businesses to open up to 20 individual checking accounts and 50 virtual or physical debit cards, enabling entrepreneurs to organize cash flow by separating funds for payroll, taxes, operating expenses, and savings. Relay offers granular access controls so owners can give employees and bookkeepers specific account access without sharing full banking credentials. The platform integrates natively with QuickBooks and Xero for automatic transaction syncing, and connects with popular SMB tools in the accounting and bookkeeping ecosystem. Relay has raised $52M and serves tens of thousands of small businesses, positioning itself between basic consumer-grade banking and expensive commercial banking as the right-sized option for small business financial management. The multi-account architecture is particularly valued by small business owners following financial management frameworks like Profit First that recommend separating funds across dedicated accounts.