Full-Time

Senior Manager

People

Posted on 6/3/2024

Relay Financial

Relay Financial

201-500 employees

Online banking platform for small businesses

No salary listed

Senior

Toronto, ON, Canada

The job is located in Toronto with a hybrid work environment, offering office collaboration twice a week and flexible time off benefits.

The job is located in Toronto with a hybrid work environment, offering office collaboration twice a week and flexible time off benefits.

The job is located in Toronto with a hybrid work environment, offering office collaboration twice a week and flexible time off benefits.

Category
Human Resources
Technical Recruiting
People & HR
Requirements
  • Strong communicator
  • Experienced
  • Nimble & Creative
  • High Ownership
  • Bar Raiser
Responsibilities
  • Acts as a trusted partner
  • Serve as a coach
  • Leverage data
  • Drive strategic people work forward to deliver impact
  • Lead a Team
  • Help build a world class People Team and Relay

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 user-friendly 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 to simplify financial management for business owners. Relay Financial's goal is to be an essential tool for small businesses to optimize their financial operations.

Company Size

201-500

Company Stage

Series B

Total Funding

$51.6M

Headquarters

Toronto, Canada

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Relay secured $32.2 million in Series B funding for expansion and product development.
  • The rise of embedded finance enhances Relay's platform integration with business tools.
  • Automation trends allow Relay to offer advanced features like predictive cash flow analytics.

What critics are saying

  • Increased competition from fintech startups could erode Relay's market share.
  • Potential regulatory changes may impose additional compliance costs on Relay.
  • Cybersecurity threats could damage Relay's reputation and customer trust.

What makes Relay Financial unique

  • Relay offers up to 20 individual accounts for detailed financial organization.
  • Relay provides FDIC insurance coverage up to $3,000,000 through a deposit sweep program.
  • Relay integrates with popular accounting software like QuickBooks Online and Xero.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Company Equity

Paid Vacation

Paid Sick Leave

Parental Leave

Hybrid Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

1%

2 year growth

1%
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