Relay, a banking platform for small and medium-sized enterprises (SMEs), has successfully raised $32.2 million in a Series B funding round. The round was led by Bain Capital Ventures, bringing Relay's total funding to $51.6 million. This funding will be used to enhance their services, helping smaller businesses manage their cash flow more effectively. Relay's CEO, Yoseph West, highlighted the ambition and ingenuity of their small business customers as a driving force behind their innovative product development. The announcement also saw continued investment from BTV VC, underscoring the growing confidence in Relay's business model and its impact on the SME sector. Initially, Relay was reported to have raised $24 million by TechCrunch. Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions.