Relay: A Tailored Business Banking Platform for SMBs

Relay: A Tailored Business Banking Platform for SMBs

Jaqueline Lopez
2 min read

Relay: A Tailored Business Banking Platform for SMBs

Entrepreneur Yoseph West has introduced Relay, a business banking and money management platform tailored for small and medium-sized businesses (SMBs), in an effort to offer them improved clarity and control over their cash flow. In contrast to competitors targeting tech startups or individual business owners, Relay focuses on the wider SMB market, catering to businesses with a monthly income ranging from $20,000 to $200,000 and a minimum of two employees. The platform enables SMBs to oversee their finances across a maximum of 20 checking accounts, issue debit cards, and automate savings with competitive interest rates. Despite facing challenges in the fintech investment sector, Relay has experienced substantial growth, with its revenue tripling in 2022 and nearly sextupling in 2023, currently serving approximately 100,000 businesses. The company has recently raised $32.2 million in a Series B funding round to expand its offerings and enhance its predictive cash-flow analytics capabilities, aiming to provide more intelligent financial recommendations for its users.

Key Takeaways

  • SMBs contribute 44% to the U.S. GDP and usually hold only 27 days of cash on hand.
  • Relay is a business banking platform designed to offer SMBs improved cash flow visibility and management.
  • Relay permits SMBs to manage up to 20 checking accounts and provides savings accounts with 1%-3% APY.
  • The platform generates revenue through interest, card fees, and a premium service costing $30 per month.
  • Relay aims to achieve $100 million in annualized revenue by the second half of 2025.


Relay's emphasis on serving SMBs, a sector with significant contributions to the U.S. GDP, meets a crucial requirement for financial management solutions. Its rapid expansion, despite challenges in fintech investments, highlights the market's demand for personalized banking solutions. The platform's growth, supported by recent funding, is likely to strengthen its predictive analytics, offering more insightful financial advice and potentially enhancing operational efficiency for SMBs. This could lead to increased market penetration and revenue growth, impacting both traditional banks and fintech rivals. In the long term, the success of Relay may redefine SMB banking, influencing industry standards and investment trends.

Did You Know?

  • Series B Funding: This stage of venture capital financing comes after initial "seed" and Series A funding and is utilized by companies aiming to scale operations after achieving initial market traction. This funding round helps companies expand their market reach, invest in infrastructure, and prepare for future growth.
  • Predictive Cash-Flow Analytics: This entails advanced financial modeling and data analysis techniques used to forecast a company's future cash flows. By analyzing historical financial data, market trends, and operational metrics, predictive analytics helps businesses anticipate cash needs and make informed financial decisions to optimize liquidity.
  • Annual Percentage Yield (APY): APY evaluates the total interest paid on an account over a 12-month period based on the interest rate and compounding frequency. Businesses and individuals use APY to compare the profitability of various savings or investment products, with a higher APY indicating a better return on investment.

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