Today we’re announcing that Relay has raised a USD $32.2 million Series B, led by @BainCapVC. This brings Relay’s total funding to USD $51.6 million. This raise is a result of two things: our small business customers, whose ambition and ingenuity inspire us to build products that actually help their day-to-day success, and our team, who bring their all to Relay every day. I really feel lucky to work alongside both. Small businesses need financial tools that support them in a meaningful, fundamental way. Since day one, our focus at Relay has been not just to build business banking, but to give SMBs cash flow control and create a material impact on their financial success—and we know it’s working. Just last month, we crossed another milestone by reaching 100,000 customers. These customers include the salon owner who avoided a major financial crisis by combining Relay with Profit First. The marketing agency that stopped missing payroll. The home reno contractor who’s finally getting his business out of debt, and so many more. There are 33 million small businesses in the United States, and 68% of them will experience a cash flow crisis at some point. We have a really audacious mission here at Relay: to bring that number down to zero. A fundraise is an opportunity to accelerate our trajectory—and it’s fun news to announce. But it’s not validation. That’s what comes next, as we double down on building tools that tangibly help our customers. Next for us means deeper credit products to give business owners flexibility, spend management tools, and robust integrations with the entire back-office suite. I’m grateful to the small businesses and advisors who trust us with their everyday banking needs. And I’m proud of the Relay team for what we’ve been able to deliver for business owners to date. Stay tuned as we build this next chapter of business banking with all of you.