Toronto-based Relay FI is the only non-USA company on our list of largest USA digital SMB banks. According to SimilarWeb, at 130,000 visits in August, they trail only Mercury and Novo in website traffic.
Product features:
- Virtual and physical debit cards for employees (max 50)
- Simple card controls (see inset right) including:
A. Daily transaction limit
B. Daily ATM withdrawal limit
C. Foreign transaction authorization
D. Freeze/unfreeze card
E. Change PIN - Checking account
- Checking sub-accounts (max 20)
- Billpay
- ACH, wire or check payments
- One-click card freezing
- Direct feed to Quickbooks Online and Xero
- Team access & permissions with spending limits (ie, read-only access)
- Auto import of bills from Quickbooks and Xero (Pro version)
- Multi-stage & batch bill payment workflow (Pro)
- Free domestic & international wires (Pro)
- 24/7 support
- Remote deposit (with $40k daily deposit limit!)
Pricing:
- Standard = Free
- Pro = $30/mo (after 14-day free trial)
Accountant /Bookkeeper Partner Program
- 3 to 14 clients: 17% discount on client's monthly fee ($25/mo); 5% revenue share on card spend
- 15 to 49 clients: 20% discount ($24/mo); 10% revenue share
- 50 to 99 clients: 23% discount ($23/mo); 15% revenue share
- 100+ clients: 27% discount ($22); 20% revenue share
Company Vitals
FAB Score: 23
– HQ: Toronto
– Founded: 2018
– Partner bank: Evolve
– Raised $19M (Crunchbase)
– Website visits: 130,000 (August 2021 per SimilarWeb)
– Employees: 16 (Pitchbook)
– Articles: 3 (Google News)
– Twitter: 529 followers
– TrustPilot: 3.8 (2 reviews)
– iOS: 3.4 (13 reviews)
Product Videos
Interview and demo of Relay Financial (29 minutes)
Product Screenshots
Fab score:
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