As per the information detailed by the company, the current capital injection brings Relay’s total funding to nearly USD 51.6 million. The digital banking platform plans to utilise the financing to accelerate its product development in spend management, smart credit products, and a financial API marketplace. Additionally, the announcement supports Relay’s commitment to delivering AI-enabled predictive cash flow analytics to small and medium-sized enterprises (SMEs). As an online banking platform, Relay focuses on allowing business owners to completely control their cash flow, enabling them to see what their earnings, spending, and savings are.
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