# Relio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/relio

- Industry: Financial Services
- Headquarters: Zurich, Switzerland
- Website: www.relio.ch
- Total disclosed funding: $3.2M
- Latest round: Seed (Jan 10, 2023)
- Investors on record: 6

## About

Based in Switzerland, Relio functions as a digital banking solution provider, offering tailored services for businesses with features like international transactions and multi-currency management.Relio, founded in 2020, operates in Zurich, Switzerland, specializing in digital banking for business customers. The company has secured EUR 3.000 mn in three funding rounds, with its most recent Seed round occurring on January 10, 2023. Key investors include High-Tech Gründerfonds, QBIT Capital, and SIX Fintech Ventures. The founders are Lav Odorovic, Milos Stokic, and Sajain Louinder, with Juan Conde serving as the CEO.Relio offers a comprehensive digital banking solution tailored specifically for business customers, featuring a Swiss IBAN account. The core product allows users to conduct international transactions without hidden fees, exchange currencies at transparent rates, and manage multiple currencies through separate digital wallets. Additionally, Relio is set to launch physical and virtual debit cards for teams and employees, enabling businesses to establish individual budget limits. These offerings are designed to streamline financial operations for small to medium-sized enterprises (SMEs) and startups, enhancing productivity through integrations with business and accounting tools. Relio's services are primarily targeted at businesses operating in Europe, particularly those with international transactions, but the company aims to expand its reach to a broader global audience.Relio generates revenue through a fixed monthly subscription model, which grants businesses access to their digital banking services without incurring additional hidden costs. The pricing structure is designed to cater to the specific needs of individual companies, providing tailored packages based on the features utilized. Revenue is primarily derived from this subscription service, as well as potential transaction fees associated with currency exchanges and international payments. The firm’s focus on transparent pricing ensures clients are well-informed about the costs associated with their services. By providing a straightforward financial solution for businesses, Relio positions itself as a valuable partner in managing financial activities efficiently.In January 2023, Relio raised EUR 3.000 mn in Seed funding co-led by TX Ventures, with participation from new investors daFUND and QBIT Capital, as well as returning investors including High-Tech Gründerfonds and SIX Fintech Ventures. This funding will be utilized to launch a digital business account, further enhance technical infrastructure, and acquire the FINMA Fintech license. As part of its growth strategy, Relio aims to expand into additional European markets by the end of 2023 and to broaden its global presence thereafter.

## Funding rounds

- Seed, Jan 10, 2023, $3.2M — High-Tech Gruenderfonds, Tenity, SIX Fintech Ventures, TX Ventures, daFUND, QBIT Capital

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Tenity (https://capitalatlas.ai/funds/tenity) — Seed
- SIX Fintech Ventures (https://capitalatlas.ai/funds/six-fintech-ventures) — Seed
- TX Ventures (https://capitalatlas.ai/funds/tx-ventures) — Seed
- daFUND — Seed
- QBIT Capital (https://capitalatlas.ai/funds/qbit-capital) — Seed