Relay, a banking platform for small and medium-sized enterprises (SMEs), has successfully raised $32.2 million in a Series B funding round. The round was led by Bain Capital Ventures, bringing Relay's total funding to $51.6 million. This funding will be used to enhance their services, helping smaller businesses manage their cash flow more effectively. Relay's CEO, Yoseph West, highlighted the ambition and ingenuity of their small business customers as a driving force behind their innovative product development. The announcement also saw continued investment from BTV VC, underscoring the growing confidence in Relay's business model and its impact on the SME sector. Initially, Relay was reported to have raised $24 million by TechCrunch. Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions.
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Excited to continue supporting @ycwest and the incredible @bankwithrelay team in their Series B. They are delivering huge value to the backbone of our economy - SMBs. https://t.co/QERPMXa8YX
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SME banking platform Relay raises $32.2m https://t.co/rUh2nEYNGQ
Today we’re announcing that Relay has raised a USD $32.2 million Series B, led by @BainCapVC. This brings Relay’s total funding to USD $51.6 million. This raise is a result of two things: our small business customers, whose ambition and ingenuity inspire us to build products… https://t.co/SmQ1xlAez3
Proud to announce @btv_vc's continued investment in @bankwithrelay as part of their $32M Series B financing! Business banking has fundamentally changed, + Relay is the new leader in doing it right. Learn more here https://t.co/H5Mhu1C2zz cc @iamjakestream @ycwest @pitdesi
Relay raises $32.2 million to help smaller businesses manage their cashflow https://t.co/Kfe9SQAOxY
Relay raises $24 million to help smaller businesses manage their cashflow: https://t.co/JVt89WKWPd by TechCrunch #infosec #cybersecurity #technology #news
Relay raises $24 million to help smaller businesses manage their cashflow: Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s enterpreneur Yoseph West’s assertion that… https://t.co/lhA21Te3wn #AI #AInews #AItips
Relay raises $24 million to help smaller businesses manage their cashflow https://t.co/Kfe9SQAOxY