What Relay does
Relay is online business banking for small businesses, which the page says helps owners see what they earn, spend and save. Banking is provided by Thread Bank, Member FDIC, and the page states that Relay is a financial technology company, not an FDIC-insured bank. Named features include business checking with up to 20 accounts, savings with automated rules, Visa debit and credit cards with spend limits, expense management with receipt capture, and accounts payable and receivable with invoicing. International payments run through Community Federal Savings Bank and Nium. The page names Starter, Grow and Scale plans with savings rates of 1.18%, 1.86% and 3.16%, but no subscription prices. Accounting software sync is mentioned without named integrations.
How Relay compares with its closest alternatives
3 of the 5 closest alternatives have a free plan, as Relay does. Among the 2 that list a starting price, the cheapest is QuickBooks AI at $30 a month and the median is $164.50. 4 of the 5 offer an API, as Relay does. Relay offers a web app and a mobile app. Of the alternatives, all 5 offer a web app and 3 offer a mobile app. Relay was founded in 2018; the alternatives were founded between 1983 and 2019, 3 of them earlier. Relay is based in Toronto, Canada; 1 of its 5 alternatives is in Canada too, and the others in the United States.