Self-Made Success Adds Up: Small Businesses Exceed $1 Billion in Managed Deposits in Relay

NEW YORK, Aug. 13, 2025 /PRNewswire/ -- Relay¹ ("Relay Financial Technologies, Inc.")—the small business banking and money management platform enabling peak profitability—announced that American small businesses have entrusted them with more than $1 billion in managed customer deposits through Thread Bank, Member FDIC.¹ This milestone is a vote of confidence by the more than 110,000 self-made small business owners using Relay. As the banking platform on a mission to make every business great with money, Relay stands with these entrepreneurs as they chart their path to healthier, more profitable businesses.

"Every dollar deposited signals the trust of the small and medium-sized businesses who bank with us," said Yoseph West, Co-Founder and CEO of Relay.¹ "These are tireless owners, grinding every day to build stronger businesses, and better lives for themselves and their families. For these electricians, florists, real estate agents, and many other business owners across the U.S., reliable banking and money management tools are mission-critical. We're honored to be part of that."

The announcement of $1 billion in managed customer deposits comes as Relay¹ evolves to become the financial command center for American small businesses, enabling cash flow clarity and 360 financial decision-making with products and features that put profit first. Over the past year, Relay has expanded its core offering beyond business banking accounts¹. Today, the platform is a powerful suite of integrated banking and money management tools that enable small business owners to take control of their cash flow.

A year of product breakthroughs inspired by the self-made business owner:
Relay's evolution is driven by a deep understanding of the unique challenges small businesses face. In the past year, the company has launched a range of new products that help owners achieve full financial visibility and control over their incoming and outgoing cash. These include:

• Payments and Invoices: Powerful accounts receivable tools enable businesses to get paid in under three days, knocking net 30 out of the park! Create invoices, automate follow-ups, and accept payments securely for a complete, real-time view of incoming cash.
• Expenses and Bills: AI-powered workflows let teams spend efficiently, while keeping business owners firmly in control of every outgoing dollar. Create and pay bills, and set approval rules to manage spend before it happens. Save thousands in unnecessary expenses.
• Relay Visa^® Credit Card²: A cash flow safety net that helps businesses stay afloat amid financial curveballs, with as many as 50 employee cards, custom designs, and up to 1.5% cash back on all business spending.³

More than a financial milestone, $1 billion in managed customer deposits is a testament to the determination and discipline of the self-made businesses that the company serves. Behind every dollar are late nights, hard decisions, and relentless effort from business owners turning ambition into impact. This moment reflects their resilience, and Relay is proud to be the platform they trust to move forward with confidence.

About Relay:

Relay is an online banking platform that puts business owners in complete control of their cash flow. By helping them clearly understand what they're earning, spending, and saving, Relay empowers entrepreneurs to make 360 financial decisions about their business and reach peak profitability.

Disclaimer: Relay is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. The Relay Visa^® Credit Card is currently available to eligible Relay customers by invite only.

For more information, please visit www.relayfi.com

¹ Relay is a financial technology company and is not a bank. Banking services are provided by Thread Bank; Member FDIC.
² The Relay Visa^® Credit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.
³ Terms and conditions apply to the cash back rewards program. Monthly cash back rewards will be automatically deposited into your Relay checking account within 30 days of the end of the credit card billing cycle. ATM transactions, the purchase of money orders or cash equivalents made with your Relay Visa^® Credit Card are not eligible for cash back. Please refer to the Visa^® Signature Rewards Program Terms & Conditions for more details.

SOURCE Relay Financial Inc.