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Full-Time

Engineering Manager

Confirmed live in the last 24 hours

Relay Financial

Relay Financial

51-200 employees

Online banking platform for small businesses

Fintech
Financial Services

Senior

Toronto, ON, Canada

Hybrid environment requiring in-office presence twice a week.

Category
Engineering Management
Software Development Management
Required Skills
React.js
Node.js
TypeScript
AWS
Requirements
  • 5+ years of relevant development experience in a start-up environment; 1+ year of which includes people-management experience
  • strong technical background with a proven track record of shipping high-quality products
  • Exposure to our tech stack (Node.js/Typescript/React/AWS is a plus)
  • excellent communication skills
  • pragmatic decision maker
  • highly customer focused
  • value creativity over capital
  • energetic and results-oriented
  • highly collaborative
Responsibilities
  • Oversee the planning, execution, and delivery of engineering projects, ensuring they meet quality standards, deadlines, and budget constraints
  • Ensure all processes and rituals are effective and followed, including sprint planning, code reviews, and technical design reviews
  • Collaborate with senior leadership to define and implement the technical vision and strategy for the company. Ensure alignment with overall business goals and customer needs
  • Work closely with product management, design, and other stakeholders to align engineering outputs with user needs and business objectives. Facilitate cross-functional teams to solve complex problems and deliver innovative solutions
  • Support the growth and development of a high-performing engineering team, including hiring, onboarding, and performance management
  • Foster a collaborative engineering culture that encourages feedback, learning, and growth. Organize knowledge-sharing sessions and support professional development opportunities for team members

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

28%

1 year growth

60%

2 year growth

178%
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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.

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