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Full-Time

Senior Product Manager

Confirmed live in the last 24 hours

Relay Financial

Relay Financial

51-200 employees

Online banking platform for small businesses

Fintech
Financial Services

Compensation Overview

$150k - $180kAnnually

Mid, Senior

New York, NY, USA

Category
Product Management
Product
Required Skills
Sales
UI/UX Design
Figma
SQL
Marketing
Requirements
  • You have at least 4+ years of experience working as a Product Manager, including some experience working with financial products & services
  • You have a strong bias to action. We’re a fast-paced environment and we value quick decision making and iteration to maximize learnings.
  • You live in Toronto, the GTA, or are open to relocate. We work in the office two days a week to optimize for collaboration.
  • You communicate clearly and concisely, both visually and in writing. You have a strong ability to bring clarity in ambiguous or uncertain environments.
  • You have experience turning data into insights using tools like Excel, SQL etc.
  • You are comfortable prototyping a simple user flow/UX in a tool like Balsamiq or Figma.
Responsibilities
  • Owning the planning, development, and launch of new initiatives
  • Frequently interview our customers 1-on-1 to deeply understand their needs and their pain points, using the learnings to identifying product opportunities
  • Foster strong collaboration among cross-functional teams including engineering, design, marketing, sales, and customer support.
  • Leverage data to inform product decisions. Establish clear success metrics and use them to guide product development to measure success.
  • Analyze product and business data to identify opportunities and prioritize features
  • Provide feedback on design and user experience, ensuring every product is a delightful experience for our users
  • Own a roadmap with your team of engineers to ensure we deliver successfully against goals. Help hold the team accountable to outcomes and ensure a high bar for product delivery.
  • Elevate the Product Management practice at Relay, building an inclusive and supportive team culture

Relay Financial offers an online banking platform tailored for small businesses, consolidating various financial transactions like ACH transfers and payouts from services such as PayPal and Stripe into one easy-to-use interface. By partnering with Thread Bank, Relay Financial ensures secure deposits with FDIC insurance coverage up to $3,000,000 and provides competitive annual percentage yields (APYs). The platform operates on a subscription model, offering features like income tracking and automated bookkeeping, which simplifies financial management for business owners. The goal is to help small businesses optimize their financial operations and focus on growth.

Company Stage

Series B

Total Funding

$75.5M

Headquarters

Toronto, Canada

Founded

2018

Growth & Insights
Headcount

6 month growth

30%

1 year growth

44%

2 year growth

151%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing $44M CAD in Series B funding positions RelayFi for significant growth and product development, enhancing its market presence.
  • RelayFi's platform has shown impressive revenue growth, tripling in 2022 and nearly sextupling in 2023, indicating strong market demand and adoption.
  • The development of AI-powered predictive cash flow analytics could provide small businesses with advanced financial insights, further solidifying RelayFi's value proposition.

What critics are saying

  • The competitive landscape in FinTech is intense, with numerous startups and established players vying for market share, which could impact RelayFi's growth.
  • Reliance on partnerships, such as with Thread Bank, introduces dependency risks that could affect service continuity and customer trust.

What makes Relay Financial unique

  • RelayFi consolidates various financial transactions into one interface, offering a comprehensive view of cash flow, unlike traditional banks that often require multiple platforms.
  • Partnership with Thread Bank ensures FDIC insurance coverage up to $3,000,000, providing a higher level of security compared to many competitors.
  • RelayFi's focus on small businesses with features like automated bookkeeping and expense management sets it apart from general-purpose banking solutions.