About Relay Payments
Relay Payments is a company based in Atlanta (United States) founded in 2019.. Relay Payments has raised $87.71 million across 3 funding rounds from investors including Ribbit Capital and Spark Capital. Relay Payments operates in a competitive market with competitors including Bestpass, FreightSmith, CargoSprint, UBook Freight and TaliPay, among others.
- Headquarter Atlanta, United States
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Relay Payments Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$87.71 M (USD)
in 3 rounds
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Latest Funding Round
$44.71 M (USD), Series C
Jul 21, 2021
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Investors
Ribbit Capital
& 1 more
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Employee Count
Employee Count
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Funding Insights of Relay Payments
Relay Payments has successfully raised a total of $87.71M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $44.71 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $44.7M
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First Round
First Round
(01 Jul 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - Relay Payments | Valuation |
investors |
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| Dec, 2020 | Amount | Series B - Relay Payments | Valuation | Spark Capital , Ribbit Capital |
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| Jul, 2020 | Amount | Series A - Relay Payments | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Relay Payments
Relay Payments has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ribbit Capital and Spark Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Relay Payments
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Relay Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Relay Payments Comparisons
Competitors of Relay Payments
Relay Payments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bestpass, FreightSmith, CargoSprint, UBook Freight and TaliPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web-based solutions for toll payments and management are provided.
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| domain | founded_year | HQ Location |
Provides digital tools for warehouse receiving, driver check-ins, and scheduling.
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| domain | founded_year | HQ Location |
Provides payments solutions for freight industry
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| domain | founded_year | HQ Location |
Tech-enabled freight management and payment services for the trucking industry
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| domain | founded_year | HQ Location |
Automates invoicing, payments, and financing for efficient business operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Relay Payments
Frequently Asked Questions about Relay Payments
When was Relay Payments founded?
Relay Payments was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Relay Payments located?
Relay Payments is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Relay Payments?
Ryan Droege is the current CEO of Relay Payments.
Is Relay Payments a funded company?
Relay Payments is a funded company, having raised a total of $87.71M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.7M, raised on Jul 01, 2020.
What does Relay Payments do?
Relay Payments was founded in 2019 and is based in Atlanta, United States. Operations focus on the logistics sector, where payment solutions are delivered to facilitate transactions. Customers are enabled to make online payments through credit and debit cards, bank transfers, and additional methods. The company supports logistics firms in managing financial exchanges efficiently across its services.
Who are the top competitors of Relay Payments?
Relay Payments's top competitors include Bestpass, CargoSprint and UBook Freight.
Who are Relay Payments's investors?
Relay Payments has 2 investors. Key investors include Ribbit Capital, and Spark Capital.
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