Relio, a Zurich, Switzerland based developer of a digital account for SMEs, raised CHF 0.7M in funding.
Backers included Six FinTech Ventures, High-Tech Gründerfonds, F10 Accelerator and angel investors.
The company will use the funds to continue to expand its technical infrastructure and obtain a banking license from the Swiss supervisory authority FINMA.
Founded in December 2020 by Lav Odorovic and three other founders, Relio is developing a digital account for SMEs by leveraging a tech platform that allows compliance to be largely automated. As a result, even complex companies can open a business account within 24h. The company is also working on tools and software integrations that will save SMEs a lot of time and make teams even more productive. The startup was . Odorovic had previously built Challenger bank Penta as founder and CEO.
FinSMEs
26/05/2021