Relay's Company History
When was Relay Founded (Year)?
2018
How many accounts does Profit First recommend having?
5
What subscription tier unlocks multi-step approval rules for bill payments?
Grow
What is the name of our partner bank and where are they located?
Thread Bank & Tennessee.
What company did Nicole Plant start her sales career at a Sales Development Representative?
Loopio
Who was Relay's first sales hire?
Deanna Zubrickas
How often does Mike Michalowicz recommend business owners to transfer funds?
Twice a month.
What subscription tiers can you utilize our "batch payments" feature?
All tiers - starter, grow & scale
In the starter tier, how much does it cost for a ACH Next Day and ACH Same day?
ACH Next Day - Free
ACH Same Day - $5
What is Nichole's sons name?
Name all 7 of Relay's Values.
1. Get 1% better everyday
2. Get in the fast lane
3. Lead with context
4. Run towards problems
5. Enjoy the ride
6. Be the champion for SMB's
7. Be courageous
When did Relay officially become partners with Profit First? (Year)
2023 (March)
What is the monthly revenue share an AB partner can receive in the Platinum Tier (50+ client referrals)?
10%
Money service business (currency dealer, check collecter, etc.), Crypto, Cannabis, Debt Collection, Adult Industry, Gambling, Dating/escort Services, Telemarketing
What company did Nichole work at before joining Relay?
Plobal Apps
When did Relay become Series A? When did Relay become Series B? (Year)
Series A -> 2021
Series B -> 2024
When setting up auto transfer rules, what is the percentage that should be allocated to the "Profit Account" for a 1M business?
10%
What is the highest APY we offer (Scale Tier)?
2.68%
$400/transaction
What did Yoseph study at university/degree he received?
Law
What investor(s) led our Series A and Series B funding?
Bain Capital Ventures
Name all 5 profit first accounts Mike Michalowicz specifically recommends having?
1. Income Account
2. Owners Compensation Account
3. Operating Expense (OpEx) Account
4. Profit Account
5. Tax Account
When we refer to enriched transaction data, Relay provides 10 data points on each transaction - what are they?
1. Date
2. Receipt
4. From Account
5. Memo (Reason for Payment)
6. Card
7. Category
8. Phone Number
9. Website
10. Address
11. Google Map Location
What are the 4 payment methods that Relay supports when sending an invoice?
1. Card Payment
2. Instant Online Bank Transfer (Plaid)
3. ACH
4. Wire Transfer
What is the name of the company Yoseph co-founded before Relay that ended up getting aquired by Wave Accounting?
Vuru