Relay Payments raises USD 43 mln over six-month period

Wednesday 13 January 2021 13:05 CET | News

US-based fintech Relay Payments has announced that it has raised USD 43 million in funding over the past six months.

The funding round was led by Addition Capital with the participation of the investment firms Ribbit Capital and Spark Capital.

Relay Payments, which provides an end-to-end solution for electronic payments, informed that it currently processes more than 150,000 transactions each month, totalling more than USD 300 million in volume annually. The company stated that the recent funding will be used to accelerate growth, develop new products, and expand the Relay team, including a new headquarters in Atlanta.

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Keywords: Relay Payments, Addition Capital, Ribbit Capital, Spark Capital, funding round, electronic payments, online payments
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce