EDGE
Get a demo
Log In
All Updates

All Updates

icon
Filter
Funding
Relay raises USD 32.2 million in Series B funding for product development
Neobanks
May 29, 2024
This week:
Product updates
Stability AI launches Stable Diffusion 3 Medium, a text-to-image model
Foundation Models
Yesterday
Product updates
Microsoft discontinues GPT Builder in Copilot
Generative AI Applications
Yesterday
Funding
BlinqIO raises USD 5 million in funding to expand operations
Generative AI Applications
Yesterday
Product updates
Databricks launches innovations to Mosaic AI for production-quality applications
Generative AI Infrastructure
Yesterday
M&A
Rebellions and Sapeon Korea merge to challenge global AI chip leader
Generative AI Infrastructure
Yesterday
M&A
Pluxee to acquire Cobee; expands employee benefits offering
Remote Work Infrastructure
Yesterday
Product updates
Space and Time launches 'Proof of SQL' solution on GitHub
Enterprise Blockchain Solutions
Yesterday
Partnerships
Lido partners with Mellow Finance to launch liquid restaking vaults
Decentralized Finance (DeFi)
Yesterday
Funding
Rivia raises EUR 3 million in seed funding
Clinical Trial Technology
Yesterday
Product updates
Partnerships
Databricks and Shutterstock collaborate to launch enterprise-optimized ImageAI model
Generative AI Infrastructure
Yesterday
May 29, 2024

Relay raises USD 32.2 million in Series B funding for product development

Funding

  • Relay, a digital bank for SMEs, has secured USD 32.2 million in a Series B funding round led by Bain Capital Ventures. BTV, Garage, Tapestry, and Industry Ventures participated in the round. The company's total funds raised now stand at USD 51.6 million.

  • Relay will use the fresh funds to enhance its product development, focusing on areas such as spend management, smart credit products, and a financial API marketplace.

  • This funding round comes after substantial growth for Relay, which saw its revenues triple in 2022 and increase nearly 6x in 2023.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.