Relay Financial Raises $50M Growth Investment from General Catalyst

Relay Financial secured a $50 million growth investment from General Catalyst's Customer Value Fund on May 22, 2026. The financing is structured to separate growth spending from product investment, directing the full amount toward customer acquisition. Relay operates a unified banking and money management platform for small businesses in the US, with deposits held through Thread Bank, an FDIC member institution.

The company says it is on track to grow revenue 3.2 times by the end of 2026, measured against its $32.2 million Series B raised in May 2024. Relay's managed deposit base has crossed $1.3 billion. The platform supports cash flow management, bill payments, expense tracking, invoicing, and recently launched a term loan product.