TLDR:
- Relay Financial has closed a Series B round of financing led by Bain Capital Ventures.
- Founded by Paul Klicnik and Yoseph West, Relay Financial is a Toronto-based business banking and money management platform.
Relay Financial has successfully completed a Series B round of financing, with Bain Capital Ventures leading the investment. Although the exact amount raised has not been disclosed, the Toronto-based company, founded by Paul Klicnik and Yoseph West, offers an all-in-one business banking and money management platform. The company aims to assist businesses in understanding their finances by providing FDIC insured bank accounts and Relay Visa debit cards, in partnership with Thread Bank, a Member FDIC.
