Relay secures $50M USD to bring more small businesses to its banking platform

Toronto-based FinTech startup Relay announced on Tuesday that it has closed $50 million USD from Silicon Valley’s General Catalyst to accelerate customer acquisition. This money comes out of General Catalyst’s Customer Value Fund (CVF), which Relay co-founder and CEO Yoseph West said provides non-dilutive growth capital tied directly to customer acquisition performance. “This investment is the spark that will ignite our brand footprint and market presence.” Yoseph West, Relay West told BetaKit o