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Toronto-based Relay has secured a $44-million CAD Series B round led by existing backer BCV to build on its growth and fuel its product development. ....
Relay Financial secures $18.2 million CAD to bring financial management solution to more SMBs in US Toronto-based FinTech software startup Relay Financial has raised an $18.2 million CAD ($15 million USD) Series A round to expand its team and help more small businesses across the United States manage their finances. The round, which was led by San Francisco’s Bain Capital Ventures, closed earlier this month, and saw participation from previous investors Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache, and Amaranthine. The startup plans to use the funding to add customers, grow its engineering and product teams, and better integrate its platform into the small business back office. ....