Relay vs Novo

traditional vs traditional · from the open dataset of 357 tracked neobanks · no affiliate links, ever

Relay: Multi-account SMB banking (Profit First).

Novo: SMB checking for small operators.

Side by side

	Relay	Novo
Category	traditional	traditional
Audience	SMB & startups	SMB & startups
HQ	Toronto/US	Miami, US
Founded	2018	2016
Custody	Custodial	Custodial
Regulation	Unclassified	Unclassified
Licence detail	—	—
Card	Visa · Business debit	MC · Business debit
Cashback	—	—
Yield	Yield on savings	—
Stablecoins	No	No
KYC	Yes	Yes
Regions	North America	North America
Reported users	—	—

go deeperFull profiles: Relay · Novo — or run your own comparison of up to four in the directory.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.