When was Rely founded?

Rely was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Rely located?

Rely is headquartered in Singapore, Singapore. It is registered at 83 CLEMENCEAU AVENUE, #03-102, UE SQUARE, SINGAPORE 239920.

Which legal entities is Rely associated with?

Rely is associated with Rely Pte. Ltd.

How many employees does Rely have?

As of Aug 31, 2026, the latest employee count at Rely is 6.

Is Rely a funded company?

Rely is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2014.

When was the latest funding round of Rely?

Rely's latest funding was a $***** Conventional Debt round on Dec 08, 2020, with participation from 1 investor. Its primary sector is Digital Lending. In Singapore, the Digital Lending sector has seen $352M in funding in 2026 to date.

Where does Rely rank among its competitors?

Rely ranks 84th amongst 291 active competitors, of which 73 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Addi, which secured $85M in Jul, 2026.

Who are the top competitors of Rely?

Rely's top competitors include Klarna, Square and Tabby. Among them, Addi secured the most recent funding round in July, 2026.

Rely - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Rely is an online platform for purchase financing. It enables consumers to use Rely Installment for payments in installment or Rely PayLater for paying later for an online/offline product at partner stores. Users can make payments via credit/debit cards.

Website: www.rely.sg
Social
Email ID: *****@rely.sg
Registered Address: 83 CLEMENCEAU AVENUE, #03-102, UE SQUARE, SINGAPORE 239920

Key Metrics

Founded Year

2014

Location

Singapore, Singapore

Stage

Acquired

Latest Funding Round

Conventional Debt, Dec 08, 2020, $*****

Investors

StartupSpaze & 21 more

Ranked

84^th among 291 active competitors

Employee Count

6 as on Aug 31, 2026

Similar Companies

Klarna & 245 more

Exit Details

Acquired by Pace (Mar 30, 2022)

View Rely's full profile

Rely is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Rely Pte. Ltd CIN: 201625839R , Singapore, Active	Dec 31, 2013	-	-

Rely got acquired by Pace on Mar 30, 2022.

Click here to take a look at Rely's acquisition in detail

Rely has raised funding over 4 rounds. Its first funding round was on 2014. Its latest funding round was a Conventional Debt round on Dec 08, 2020 for $*****. 1 investor participated in its latest round. Rely has 13 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Rely:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 08, 2020	1842354	Conventional Debt	6194052	2360219	4643287	6271111
Feb 27, 2019	6871581	Seed	3973676	8518913	2767177	Octava
2018	7311	Grant (prize money)	7937	3403	5366	K-Startup Grand Challenge

Access funding benchmarks and valuations. Sign up today!

View details of Rely's funding rounds and investors

The founders of Rely is Mohamed Abbas.

Here are the details of Rely's key team members:

Mohamed Abbas: Co-Founder of Rely and founder of 1 other company.

Rely's Board of Directors

Rely's board has 1 active member. Zhang Xiang is independent board member.

Here is the list of Rely's board of directors:

Name	Type	Representing	Status	Duration
Zhang Xiang	Independent board member	-	Current	15y 10m
folhnrg	Independent board member	-	Past	5y 1m

View details of Rely's Founder profiles and Board Members

Rely's employee count trend

Rely has 6 employees as of Aug 26. Here is Rely's employee count trend over the years:

Uncover Rely's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Rely include Klarna, Square and Tabby. Here is the list of Top 10 competitors of Rely, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Klarna 2005, Stockholm (Sweden), Public	Developer of an online platform for point-of-sale financing	$4.19B	Sequoia Capital, Silver Lake & 138 others	85/100
2nd	Square 2009, San Francisco (United States), Public	Provider of integrated point of sale and business management solutions	$520M	Victory Park Capital Advisors, GIC & 58 others	84/100
3rd	Tabby 2019, Riyadh (Saudi Arabia), Series E	Provider of purchase financing solutions for businesses	$604M	STV, Global Founders Capital & 28 others	83/100
4th	Afterpay 2014, Melbourne (Australia), Acquired	Provider of buy now, pay later services with flexible options	$35.4M	Sarissa Capital, Venture Worx & 13 others	81/100
5th	Addi 2018, Bogota (Colombia), Series D	Provider of an online platform for point of sale financing	$324M	GIC, Union Square Ventures & 38 others	79/100
6th	ZestMoney 2015, Delhi (India), Acquired	Online platform offering point-of-sale financing	$151M	Quona, Goldman Sachs & 34 others	78/100
7th	Sunbit 2016, Los Angeles (United States), Series D	Online platform for point of sale financing	$159M	Zeev Ventures, Group 11 & 20 others	77/100
8th	Zilch 2018, London (United Kingdom), Series D	Direct-to-consumer ad-subsidised payments network	$566M	Gauss Ventures, Ventura Capital & 92 others	77/100
9th	Sezzle 2016, Minneapolis (United States), Acquired	Online platform for point of sale financing	$17.5M	E-Merge, Continental Investors & 10 others	76/100
10th	Zip 2013, Sydney (Australia), Public	Provider of an online platform for point-of-sale financing	-	Cooper, Westpac & 3 others	76/100
84th	Rely 2014, Singapore (Singapore), Acquired	Online platform for purchase financing	-	Goldbell, StartupSpaze & 20 others	43/100