Relay

No. Relay is a financial technology company. Banking services are provided by Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank, and pass-through insurance coverage applies. Relay itself does not hold a banking charter.

Relay does not publicly disclose its revenue model or unit economics. Typical fintech platforms in this category earn interchange fees on debit and credit card transactions, subscription fees for premium features, and interest margin on deposits held at partner banks. The firm advertises no hidden fees or minimum balances for its core accounts.

Relay targets US-based small businesses with payroll obligations, multiple expense categories, and a need for cash flow clarity. The platform emphasizes owners who have outgrown consumer banking tools and require structured account separation — income, operating expenses, payroll, taxes, and profit — without adopting enterprise treasury systems.

Relay issues Visa credit cards to its users — indicating a credit product exists via its banking partner — but the platform does not market traditional business loans, lines of credit, or receivables factoring. The core value proposition centers on cash flow organization rather than balance-sheet lending.

Relay allows a single business to open up to 20 individual checking accounts and multiple high-yield savings accounts under one login. Owners can automate dollar-amount or percentage-based transfers into purpose-specific accounts — such as tax reserves or profit allocation — providing granular cash segmentation that a conventional single business checking account does not support.