Relay Payments
Atlanta, US · Founded 2019 · Delaware corporation · 129 employees on LinkedIn · 4 known investors
Relay Payments operates a digital payment network for the transportation and logistics industry, providing fast and secure electronic payments for parties involved in freight and delivery transactions.
Founders & leadership
Relay Payments was founded in 2019 by Spencer Barkoff and Ryan Droege.
SB
Spencer BarkoffinCo-founder · President & Revenue
RD
Ryan DroegeCo-founder
Board
Investors · 4
Reported raises · per SEC filings
Form D private placements$87.7M disclosed across 3 rounds · 2020–2021
▶$44.7MraisedJul 2021 · 4 investors · Other TechnologyRule 506(b)
▶$44.7MraisedJul 2021 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Spencer BarkoffExecutive Officer, Director
- Lee FixelDirector
- Ryan DroegeExecutive Officer, Director
- Offering amount
- $60M
- Amount sold
- $44.7M
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$35.3MraisedDec 2020 · 9 investors · Other TechnologyRule 506(b)
▶$35.3MraisedDec 2020 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Spencer BarkoffExecutive Officer, Director
- Lee FixelDirector
- Ryan DroegeExecutive Officer, Director
- Offering amount
- $35.3M
- Amount sold
- $35.3M
- First sale
- Nov 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$7.7MraisedJul 2020 · 28 investors · Other TechnologyRule 506(b)
▶$7.7MraisedJul 2020 · 28 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Spencer BarkoffExecutive Officer, Director
- Ryan DroegeExecutive Officer, Director
- Lee FixelDirector
- Offering amount
- $7.7M
- Amount sold
- $7.7M
- First sale
- Jul 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 10
by search overlap
Truckstop167 shared keywordsTruckstop operates a freight load board with AI-enabled tools, including a voice assistant (AVA) for searching loads, checking rates, finding parking, and contacting brokers, plus market analytics like Load Density Insights and spot rate tracking. It serves truckers, carriers, and freight brokers in the trucking and logistics industry.
AtoB155 shared keywordsAtoB provides fleet fuel cards that consolidate fuel, vehicle maintenance, repairs, tolls, and operational expenses for businesses operating private fleets, OTR carriers, or single-vehicle operations. The platform offers real-time expense tracking and controls to replace multiple statements and reimbursement cycles.
Freight Waves145 shared keywordsFreightWaves is a news and editorial publication covering logistics, supply chains, and freight transportation sectors.
Relayfi144 shared keywordsRelay provides online business banking for small business owners, offering up to 20 checking accounts, high-yield savings, debit and credit cards with spend controls, expense management, and accounts payable and receivable tools. The platform helps owners organize cash flow, reconcile expenses, and sync with accounting software.
Relay134 shared keywordsRelay offers a cloud-based platform that unifies communications for frontline and deskless teams, providing real-time location tracking, emergency alerts, and operational insights for team leaders. It targets industries with frontline workers, such as hospitality, focusing on team communication, worker safety, and productivity.
OTR Solutions124 shared keywordsOTR Solutions is a fintech company founded in 2011 that provides financial solutions—including fast pay, factoring, fuel savings, and capital—along with human account support for freight and trucking businesses. It serves owner-operators, fleets, and freight brokers in the trucking industry.
WEX, Inc.119 shared keywordsWEX provides business payment solutions, including corporate payments, mobility/fleet payments, and employee benefits offerings. It serves businesses globally across payments and mobility sectors.
Relaytech108 shared keywordsRelay operates a hyperlocal courier network with data-optimised, dynamic routing for next-day and standard parcel delivery and customer returns. It serves retail and ecommerce clients with real-time tracking, performance dashboards, and lower-emission delivery routes.
RoadSync106 shared keywordsRoadSync provides digital payment and accounts payable software for the transportation industry, focused on heavy truck repair shops, towing companies, and vendors. Its tools help these businesses manage invoices, vendor payments, and cash flow.
Geotab97 shared keywordsGeotab provides a commercial telematics and fleet management platform that connects vehicles and uses GPS, on-board diagnostics, AI, and data analytics to help organizations track vehicle location, driver safety, maintenance, fuel use, and compliance. It serves commercial and public sector fleets of all sizes across industries such as construction, delivery, utilities, and waste management, through hardware devices, software, and an open partner ecosystem.</parameter>
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Companies competing with Relay Payments for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Relay Payments do?
- Relay Payments operates a digital payment network for the transportation and logistics industry, providing fast and secure electronic payments for parties involved in freight and delivery transactions.
- Who founded Relay Payments?
- Relay Payments was founded by Spencer Barkoff, Ryan Droege in 2019.
- Who are Relay Payments's investors?
- Relay Payments's investors include Service Provider Capital, Zag Capital, Addition, TTV Capital.
- How much funding has Relay Payments raised?
- Relay Payments has disclosed $87.7M raised across 3 rounds.
- Where is Relay Payments headquartered?
- Relay Payments is headquartered in Atlanta, US.