Full-Time

Business Development Manager

Posted on 11/26/2024

Relay Financial

Relay Financial

201-500 employees

Online banking platform for small businesses

Fintech
Financial Services

Mid, Senior

Vancouver, BC, Canada

Hybrid work environment: in-office presence required twice a week at the Vancouver office.

Category
Business Development
Business & Strategy
Required Skills
Marketing
Data Analysis

You match the following Relay Financial's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 3-5 years of experience managing and leading a Business Development 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
Responsibilities
  • Lead, manage and coach a world-class team of Business Development Representatives
  • Identify opportunities in the business and execute projects to improve our sales process, strategy and playbooks
  • Build, reshape and execute our Inbound/Outbound motion
  • Partner and collaborate with cross-functional teams including Marketing, Revenue Operations, Sales Enablement, etc.
  • Stay abreast of industry trends and market dynamics to inform business development strategies
  • Analyze data and feedback to refine and optimize approaches for maximum impact
Desired Qualifications
  • Prior experience in B2B SaaS, fintech or a neobank
  • Worked with SMBs in North America

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 to simplify financial management for business owners. Relay Financial's goal is to become an essential tool for small businesses, helping them optimize their financial operations.

Company Stage

Series B

Total Funding

$50.2M

Headquarters

Toronto, Canada

Founded

2018

Growth & Insights
Headcount

6 month growth

3%

1 year growth

3%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Relay's Series B funding supports expansion into spend management and financial APIs.
  • Increased demand for digital banking solutions boosts Relay's potential customer base.
  • Relay's AI-powered cash flow analytics align with the growing adoption of AI in finance.

What critics are saying

  • Emerging fintech startups pose a threat to Relay's market share.
  • Economic uncertainties may affect Relay's ability to offer competitive APYs.
  • Rapid technological advancements require continuous R&D investment, straining financial resources.

What makes Relay Financial unique

  • Relay offers up to 20 individual accounts for detailed income and expense 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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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Company Equity

Paid Vacation

Paid Sick Leave

Parental Leave

Hybrid Work Options

Professional Development Budget

INACTIVE