Relio is a Zurich-based fintech led by CEO Lav Odorovic that is developing a digital payment account for business customers. Its core product is built on an automated anti-money-laundering (AML) tech stack designed to perform compliance checks and reduce human error. The platform aims to speed up customer onboarding and avoid account freezes caused by manual due diligence. Relio positions itself to leverage Switzerland’s strict regulatory environment and reputation for financial efficiency to minimize money‑laundering risk. The company intends to use the recent funding to support the launch of its business payment account offering. Relio is led by Odorovic, who previously founded neobank Penta, which was later acquired by Qonto. Relio offers a compliance-first digital business account that aims to provide Swiss IBANs quickly and with fewer bureaucratic interactions for small and medium-sized enterprises, including complex corporate structures. The company positions compliance as its core competency with the promise of 'compliance without complications'. Founder and CEO Lav Odorovic, an HSG alumnus, previously led Penta, a German digital bank for freelancers and small businesses. Relio assembled an interdisciplinary team across banking, compliance and technology and participated in the F10 accelerator program of the Swiss exchange. The startup is pursuing an independent Fintech license from FINMA to realise its concept autonomously. Investor discussions for a forthcoming seed financing are already underway.

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Jan 2023