Full-Time

Senior Sales Manager

Confirmed live in the last 24 hours

Relay Financial

Relay Financial

201-500 employees

Online banking platform for small businesses

Fintech
Financial Services

Mid, Senior

Toronto, ON, Canada

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

Category
Field Sales
Sales & Account Management
Required Skills
Marketing
Data Analysis
Requirements
  • 3-5 years of experience managing and leading a Sales team, ideally within a startup environment
  • Results-oriented with a track record of meeting and exceeding targets
  • Creative and strategic mindset with a knack for identifying and amplifying market opportunities
  • Passionate about coaching and the development of people
  • Operational rigor – always looking for ways to solve and improve technical and process inefficiencies that impact the sales funnel
  • Prior experience in B2B SaaS, fintech or a neobank (bonus)
  • Worked with SMBs in North America (bonus)
Responsibilities
  • Lead, manage and coach a world-class team of Account Executives on our Direct team
  • Build and execute our net new acquisition B2B sales motion
  • Identify opportunities in the business and execute projects to improve our sales process, strategy and playbooks
  • Partner and collaborate with cross-functional teams including Marketing, Revenue Operations, Sales Enablement, etc.
  • Stay abreast of industry trends and market dynamics to inform sales strategies
  • Analyze data and feedback to refine and optimize approaches for maximum impact

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

$50.2M

Headquarters

Toronto, Canada

Founded

2018

Growth & Insights
Headcount

6 month growth

32%

1 year growth

64%

2 year growth

153%
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.

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