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/PRNewswire/ - Relay, the business banking platform that gives cash flow clarity to small businesses (SMBs), announced today the close of a US$32.2 million...

Toronto-based Relay has secured a $44-million CAD Series B round led by existing backer BCV to build on its growth and fuel its product development.

Relay, a fintech startup building a money management app aimed at SMBs, has closed a new round of funding.

The latest troubles among lenders in the working capital space indicate direct to consumer firms may be in for some volatility ahead.