# Relay Payments: Logistics & supply chain, Atlanta, United States

> Relay Payments: Relay Payments is a fintech company based in Atlanta, Georgia, founded in 2019 by Ryan Droege and Spencer Barkoff.

Source: https://millionrounds.com/startup/relay-payments (Millionrounds; every figure on the page links to its filing or article)

United States · [Logistics & supply chain startup](https://millionrounds.com/companies)

# Relay Payments

Relay Payments is a fintech company based in Atlanta, Georgia, founded in 2019 by Ryan Droege and Spencer Barkoff.

Funding reported Last round: Undisclosed round

Logistics & supply chain Atlanta, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 180 51 to 200 people
- **Funding reported:** $43M in dollars
- **Last round:** Undisclosed round Mar 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Relay Payments has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Relay Payments

Relay Payments is a fintech company based in Atlanta, Georgia, founded in 2019 by Ryan Droege and Spencer Barkoff.

The company operates a digital payment network tailored for the freight, logistics, and supply chain industries. Its mission is to modernize over-the-road payments, facilitating faster product deliveries by streamlining payment processes. Relay Payments offers an end-to-end digital payment solution through a mobile app and electronic platform. Key services include instant lumper payments, secure diesel fuel payments, and features for parking and scale services. The platform also integrates with Electronic Logging Devices (ELDs) to enhance fraud prevention and provides digital receipts for all transactions. Relay Payments serves a wide range of customers, including carriers, drivers, freight brokers, shippers, and merchants, helping them optimize operations and improve efficiency in their payment processes. The company has raised approximately $95 million in funding and is recognized as one of the fastest-growing private fintech companies.

## What company datasets say Relay Payments raised

Funding, as reported

Reported in all **$43M** in dollars

Rounds **3**

Last round **Undisclosed round**

Last round size **$45M**

Last round date **Mar 2021**

Investors listed **6**

SEC Form D **$88M sold, 3 filings, last Jul 2021**

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Ryan Droege** Executive Officer, Director i
- **Spencer Barkoff** Executive Officer, Director i

On the board, as filed i *Lee Fixel*

## On 3 portfolio pages

Investors who name them

- [QuarterMoore](https://millionrounds.com/fund/quartermoore)
- [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital)
- [Zag Capital](https://millionrounds.com/fund/zag-capital)

Each firm lists Relay Payments on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

fleet cost control digital payments long-term parking reservations payment security reserve merchant network geofencing technology lumper payments payment automation fleet cash flow management scales payments information technology & services secure fuel payments logistics & supply chain financial services mobile app

Built with from their website

Plaid Linkedin Sign-in Jira Service Management Docker Amazon SES Google Tag Manager dbt Admin HREF Lang Atlassian

+8 more

React Native Postmark AWS Application Load Balancer Google Workspace CloudFlare Viewport Meta AppsFlyer Amazon Simple Email Service

- **Sector:** Logistics & supply chain
- **Industry code:** NAICS 522320, 488510, SIC 7389
- **Region:** Georgia
- **Revenue:** $38M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/relay-payments)

## Logistics & supply chain in United States

Startups like it

- [**Stord** Union City · founded 2015 *Raised*](https://millionrounds.com/company/stord)
- [**ShipBob** Chicago · founded 2014 *Raised*](https://millionrounds.com/company/shipbob)
- [**Overhaul** Austin · founded 2016 *Raised*](https://millionrounds.com/company/overhaul)
- [**Pandion** Seattle *Raised*](https://millionrounds.com/company/pandion)
- [**Shipwell** Austin · founded 2016 *Raised*](https://millionrounds.com/company/shipwell)
- [**Cargomatic** Long Beach · founded 2013 *Raised*](https://millionrounds.com/company/cargomatic)
- [**Darkstore** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/darkstore)
- [**Slip Robotics** Atlanta · founded 2020 *Raised*](https://millionrounds.com/company/slip-robotics)

## Is this your company?

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