About Relay Payments

Relay Payments operates a secure digital payment network tailored for the logistics industry, enabling carriers, brokers, and merchants to conduct instant transactions for fuel, lumpers, and other over-the-road expenses. This platform eliminates cash handling and manual processes, improving transaction efficiency and reducing operational costs for all parties involved.

```xml <problem> The logistics industry relies heavily on cash and manual processes for over-the-road (OTR) expenses, leading to inefficiencies, security risks, and increased operational costs for carriers, brokers, and merchants. Traditional payment methods like cash and fleet checks are prone to fraud, create reconciliation challenges, and delay transaction times. </problem> <solution> Relay Payments provides a secure digital payment network designed specifically for the logistics sector, enabling instant and transparent transactions between carriers, brokers, and merchants. The platform eliminates the need for cash handling and manual reconciliation by digitizing payments for fuel, lumper fees, scales, repairs, and other OTR expenses. By connecting all parties on a single network, Relay streamlines payment workflows, reduces fraud, and improves cash flow management. The Relay app allows drivers to easily find merchants along their route and make secure payments directly from their mobile devices, while brokers can automate back-office operations and strengthen carrier loyalty through fast digital freight payments. </solution> <features> - Mobile app for drivers to locate merchants and make secure digital payments for fuel, lumper fees, scales, and other OTR expenses - Digital payment processing for merchants, eliminating manual processes and reducing transaction times - Real-time tracking and control of OTR payments and receipts in one centralized platform - Integration with CAT Scales for seamless in-app scale payments at over 2,200 locations nationwide - Spend controls for fleets to manage and monitor driver spending - Fraud protection measures to prevent fuel card skimming and other fraudulent activities - Digital freight payments for brokers to automate back-office operations and improve carrier relationships </features> <target_audience> Relay Payments targets freight carriers, brokers, and merchants in the logistics industry who seek to streamline payment processes, reduce operational costs, and improve security. </target_audience> ```

What does Relay Payments do?

Where is Relay Payments located?

Relay Payments is based in Atlanta, United States.

When was Relay Payments founded?

Relay Payments was founded in 2019.

How much funding has Relay Payments raised?

Relay Payments has raised 94800000.

Location

Atlanta, United States

Founded

2019

Funding

94800000

Employees

114 employees

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Relay Payments

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Executive Summary

relaypayments.com 5K+

Crunchbase

Founded 2019 – Atlanta, United States

Funding

Estimated Funding

$50M+

Team (100+)

No team information available.

Company Description

Problem

The logistics industry relies heavily on cash and manual processes for over-the-road (OTR) expenses, leading to inefficiencies, security risks, and increased operational costs for carriers, brokers, and merchants. Traditional payment methods like cash and fleet checks are prone to fraud, create reconciliation challenges, and delay transaction times.

Solution

Relay Payments provides a secure digital payment network designed specifically for the logistics sector, enabling instant and transparent transactions between carriers, brokers, and merchants. The platform eliminates the need for cash handling and manual reconciliation by digitizing payments for fuel, lumper fees, scales, repairs, and other OTR expenses. By connecting all parties on a single network, Relay streamlines payment workflows, reduces fraud, and improves cash flow management. The Relay app allows drivers to easily find merchants along their route and make secure payments directly from their mobile devices, while brokers can automate back-office operations and strengthen carrier loyalty through fast digital freight payments.

Features

Mobile app for drivers to locate merchants and make secure digital payments for fuel, lumper fees, scales, and other OTR expenses

Digital payment processing for merchants, eliminating manual processes and reducing transaction times

Real-time tracking and control of OTR payments and receipts in one centralized platform

Integration with CAT Scales for seamless in-app scale payments at over 2,200 locations nationwide

Spend controls for fleets to manage and monitor driver spending

Fraud protection measures to prevent fuel card skimming and other fraudulent activities

Digital freight payments for brokers to automate back-office operations and improve carrier relationships

Target Audience

Relay Payments targets freight carriers, brokers, and merchants in the logistics industry who seek to streamline payment processes, reduce operational costs, and improve security.