Relay Payments

Relay Payments

Digital payment platform for freight logistics

About Relay Payments

Simplify's Rating
Why Relay Payments is rated
B-
Rated C on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Fintech

Company Size

51-200

Company Stage

Seed

Total Funding

$85.3M

Headquarters

Atlanta, Georgia

Founded

2019

Overview

Relay Payments provides a digital payment platform specifically for the freight and logistics industry, connecting freight brokers, fleets, drivers, and merchants. The platform offers services like secure fuel payments, instant lumper payments, and parking payments, allowing drivers to manage their over-the-road expenses efficiently. Unlike competitors, Relay Payments focuses on the unique needs of trucking, centralizing OTR payments and automating back-office operations. The company's goal is to enhance efficiency and revenue opportunities within the freight and logistics sector.

Simplify Jobs

Simplify's Take

What believers are saying

  • Relay Payments benefits from the rise in contactless payment demand post-COVID-19.
  • Partnerships with emerging fuel networks enhance Relay's competitive pricing and service offerings.
  • The growth in e-commerce logistics increases demand for Relay's efficient payment solutions.

What critics are saying

  • Increased competition from fintech startups could erode Relay Payments' market share.
  • Reliance on partnerships with truck stops may pose risks if partners switch to competitors.
  • Rapid technological advancements require significant R&D investment to maintain industry standards.

What makes Relay Payments unique

  • Relay Payments offers instant, secure digital payments in the logistics industry.
  • The company integrates with major truck stops like Love's and Maverik for seamless transactions.
  • Relay Payments provides a comprehensive app for managing OTR expenses efficiently.

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Funding

Total Funding

$85.3M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Unlimited Paid Time Off

Mental Health Support

Company Equity

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-4%

2 year growth

-4%
The Times News
Sep 23rd, 2024
Relay Payments Expands Its Fraud-Free Digital Network: Now Accepted at 2,200+ Truck Stops Nationwide

ATLANTA, Sept. 23, 2024 /PRNewswire/ - Relay Payments, the fintech company modernizing payments for the trucking and logistics industries, is announcing its integration with Love's Travel Stops, broadening its fraud-free digital payment network.

Fleet News Daily
Aug 21st, 2024
McLeod Software Expands Integration with Relay Payments

In 2019, Relay introduced its modern digital payment solution aimed at replacing archaic payment methods like cash, fleet checks, and fleet cards.

CStore Decisions
Jul 11th, 2024
Onvo Partners with Relay Payments for Fraud Protection, Loyalty

Onvo partners with Relay Payments for Fraud protection, loyalty.

PR Newswire
Jun 18th, 2024
Relay Payments Named To Inc. Magazine'S Best Workplaces For Third Consecutive Year

Atlanta-based fintech company recognized for its collaborative culture, positive work environment and commitment to valuesATLANTA, June 18, 2024 /PRNewswire/ -- Relay Payments , the fintech company modernizing payments for the trucking and logistics industries, has been named one of Inc. Magazine's Best Workplaces for the third year in a row. The company was celebrated for its culture, leadership and commitment to values, winning in the overall Best Workplaces category as well as the Prosperous and Thriving subcategory."We're honored to be recognized by Inc. Magazine for the third consecutive year," said Chief People Officer Amy Zimmerman. "I think it's a testament to intentionality, to identifying meaningful values that guide every decision we make, and then hiring a team that reflects them. The result is a supportive, enjoyable, high-performance environment that enables people to do their best work."After collecting data from thousands of submissions, Inc

BetaKit
Jun 3rd, 2024
F|T: The FinTech Times - Bitfarms bites back at activist takeover

Toronto-based FinTech startup Relay has secured approximately $44 million CAD ($32.2 million USD) in Series B funding led by existing investor Bain Capital Ventures to build on its growth and fuel its product development plans.

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