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 (United States).

How many employees does Relay Payments have?

As of Aug 31, 2026, the latest employee count at Relay Payments is 130.

Is Relay Payments a funded company?

Relay Payments is a funded company, having raised a total of $87.7M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 2020.

When was the latest funding round of Relay Payments?

Relay Payments' latest funding was a $***** Series C round on Jul 21, 2021, with participation from 0 investor. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $3.73B in funding in 2026 to date.

Where does Relay Payments rank among its competitors?

Relay Payments ranks 3rd amongst 16 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Wright Express, which secured an undisclosed amount in May, 2025.

Who are the top competitors of Relay Payments?

Relay Payments' top competitors include Wright Express, AtoB and Mudflap. Among them, Wright Express secured the most recent funding round in May, 2025.

Relay Payments - 2026 Company Profile, Team, Funding & Competitors

Relay Payments is a series C company based in Atlanta (United States), founded in 2019. It operates as a Payment solutions for logistics industries. Relay Payments has raised $87.7M in funding from Spark Capital and Ribbit Capital. The company has 16 active competitors, including 4 funded and 2 that have exited. Its top competitors include companies like Wright Express, AtoB and Mudflap.

Company Details

Relay Payments provides payment solutions for logistics industries. It enables logistics companies to accept online payments from customers via credit/debit cards, bank transfers, and more.

Website: www.relaypayments.com/
Social
Phone Number: +1 **********
Registered Address: Atlanta (United States)

Key Metrics

Founded Year

2019

Location

Atlanta, United States

Stage

Series C

Total Funding

$87.7M in 3 rounds

Latest Funding Round

Series C, Jul 21, 2021, $*****

Investors

Spark Capital & 6 more

Ranked

3^rd among 16 active competitors

Employee Count

130 as on Aug 31, 2026

Similar Companies

Wright Express & 54 more

View Relay Payments' full profile

Relay Payments is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RELAY PAYMENTS INC. CIN: 83-3684305 , United States, Active	Jan 16, 2019	-	68 (As on Dec 31, 2021)	-

Relay Payments has raised a total funding of $87.7M over 3 rounds. Its first funding round was on Jul 2020. Relay Payments has 7 institutional investors.

Here is the list of recent funding rounds of Relay Payments:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 21, 2021	6552705	Series C	2359025	5866122	2480329	2075384
Dec 03, 2020	4428758	Series B	5612846	5612360	2257420	8045163
Jul 2020	3290431	Series A	3197473	4366028	5022870	4583300

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View details of Relay Payments's funding rounds and investors

Here are the details of Relay Payments' key team members:

Ryan Droege: Co-Founder of Relay Payments and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses

Relay Payments' Board of Directors

Relay Payments's board has 3 active members. Lee Fixel, Ryan Droege and Spencer Barkoff are independent board members.

Here is the list of Relay Payments' board of directors:

Name	Type	Representing	Status	Duration
Lee Fixel	Independent board member	-	Current	6y 2m
hih{hab	Independent board member	-	Current	9y 5m
cmugimq	Independent board member	-	Current	5y 4m

View details of Relay Payments's Founder profiles and Board Members

Relay Payments' employee count trend

Relay Payments has 130 employees as of Aug 26. Here is Relay Payments's employee count trend over the years:

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Top competitors of Relay Payments include Wright Express, AtoB and Mudflap. Here is the list of Top 10 competitors of Relay Payments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wright Express 1983, Portland (United States), Public	Provider of fleet management, employee benefits, and business payment solutions	-	Warburg Pincus, NewStar Financial & 5 others	73/100
2nd	AtoB 2018, San Francisco (United States), Series C	Provider of fleet cards, spend management, and instant payment solutions	$205M	General Catalyst, Climate Capital & 19 others	69/100
3rd	Relay Payments 2019, Atlanta (United States), Series C	Payment solutions for logistics industries	$87.7M	Spark Capital, Ribbit Capital & 5 others	66/100
4th	Mudflap 2018, Menlo Park (United States), Funding Raised	Network providing fuel discount access for commercial vehicle fleet operators	-	Vertical Venture Partners, 9yards Capital ... & 4 others	58/100
5th	RoadFlex 2021, San Francisco (United States), Seed	Provider of a card and payments platform for fleet management	-	Wayfinder, Rogue Capital & 1 others	51/100
6th	CargoSprint 2012, Peachtree City (United States), Acquired	Provider of solutions for cargo fee payments, appointments, and visibility	-	-	48/100
7th	Bestpass 2001, Albany (United States), Series B	Provider of web-based payment and toll management solutions	$119M	Susquehanna Growth Equity, Insight Partners ... & 1 others	46/100
8th	FreightSmith 2021, Denver (United States), Unfunded	Web and app-based digital payment solution for the supply chain industry	-	-	43/100
9th	Triumph Dallas (United States), Funding Raised	Provider of freight payment processing factoring and commercial banking services	-	Cambridge Capital	33/100
10th	UBook Freight 2019, Detroit (United States), Funding Raised	Tech-enabled freight management and payment services for the trucking industry	-	Michigan Founders Fund	22/100