Relay Secures $50M Financing Round

Relay secured a $50 million growth investment from General Catalyst to expand its small business banking and money management platform.

The deal lifts Relay’s managed customer deposits above $1.3 billion and follows its earlier Series B funding.

The new capital is expected to support further revenue growth as Relay scales its digital banking services.

The investment underscores investor confidence in Relay’s model for helping small businesses manage cash flow and deposits.