Relay Payments
Atlanta, US · Founded 2019 · Delaware corporation · 129 employees on LinkedIn · 4 known investors
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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 & RevenueSpencer Barkoff is an executive and director at Relay Payments, a digital payment network for transportation and logistics. He has experience in financial management, sales, marketing, product management, and strategic planning across prior entrepreneurial ventures.
RD
Ryan DroegeinCo-founder · CEO
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 and related technology solutions that connect carriers, brokers, and shippers to move freight. Founded in 1995 with the first online load board, the company serves the trucking and logistics industry in the US.
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 is a financial technology company offering online business banking to small businesses, with features including up to 20 checking accounts, debit and credit cards, bill pay, and automated fund transfers. It integrates with tools like QuickBooks Online, Xero, and Gusto, and provides role-based access for accountants and team members; banking services are provided by Thread Bank.
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.
Relay108 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 is a global provider of connected vehicle and asset telematics platforms that deliver AI-powered insights and fleet management solutions. The company serves enterprises, public-sector organizations, and fleet operators by processing billions of daily data points to improve safety, productivity, and sustainability across their operations.
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.