Full-Time

Business Development Representative

Posted on 7/3/2024

Relay Financial

Relay Financial

201-500 employees

Online banking platform for small businesses

Fintech
Financial Services

Junior

Toronto, ON, Canada

Hybrid work environment requires in-office presence in Toronto twice a week.

Category
Business Development
Business & Strategy
Required Skills
Sales
Communications
Requirements
  • 1+ years of experience in a high-volume sales role (e.g. retail, staffing agency or previous BDR/SDR experience)
  • strong written and verbal communication skills
  • highly articulate via phone, email and face-to-face
  • strong work ethic with the confidence to work autonomously
  • receptive to constructive criticism and new sales strategies
  • hungry for growth, have a strong desire to achieve excellence and thrive in a competitive environment
Responsibilities
  • Ensure that qualified leads are prospected; you’ll schedule meetings with our Account Executives
  • Qualifying sales leads through calls and emails to learn more about what clients are looking for from a business banking provider
  • Pitching Relay by positioning relevant aspects of our product based on the needs of the small business owner
  • Scheduling a high volume of meetings with qualified leads through outreach; with a combination of inbound and outbound leads
  • Through your business discussions, you will collect relevant information to set up our Account Executives for success
  • Strategize with the Sales team to innovate and improve the overall efficiency of the sales processes

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, allowing clients to access features like income tracking and automated bookkeeping, which simplifies financial management. Relay Financial's goal is to help small businesses optimize their financial operations and focus on growth.

Company Stage

Series B

Total Funding

$50.2M

Headquarters

Toronto, Canada

Founded

2018

Growth & Insights
Headcount

6 month growth

20%

1 year growth

63%

2 year growth

153%
Simplify Jobs

Simplify's Take

What believers are saying

  • Relay secured $44M CAD in Series B funding to enhance product development.
  • Relay's partnership with Profit First enhances its credibility in cash flow management.
  • Relay's virtual debit card issuance feature aligns with the growing trend of digital payments.

What critics are saying

  • Increased competition from AI-driven platforms could erode Relay's market share.
  • The rise of embedded finance solutions may challenge Relay's all-in-one platform.
  • Rapid AI tool evolution may pressure Relay to adopt similar technologies to stay competitive.

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 accounting software like QuickBooks Online and Xero for seamless bookkeeping.

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