# Relay

Relay is an other based in Boston, Canada.

## Overview

- **Organization type:** other
- **Headquarters:** Boston, Canada
- **Region:** North America
- **Address:** Toronto, ON, Canada
- **Assets under management:** Undisclosed
- **Website:** relayfi.com
- **LinkedIn:** https://www.linkedin.com/company/relayfm

## Regulatory record

- **CRD number:** 170538
- **SEC file number:** 802-113093
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/170538

## About

Relay is a business banking and money platform and a financial technology company. It is building the financial command center for small businesses and is committed to helping small business owners reach financial clarity so they can build healthy, lasting businesses. Banking services are provided by Thread Bank, Member FDIC.

## Sectors

- FinTech
- Enterprise Software

## People

- Kevin — Customer Experience Team Lead
- Mike Michalowicz — host of Becoming Self Made (A Relay Podcast)

## Questions

### Is Relay a bank?

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.

### How does Relay generate revenue?

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.

### Which types of businesses use Relay?

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.

### How does Relay's account structure differ from a traditional business checking account?

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.

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Last updated: 2026-08-11T15:07:57.118Z

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