U.S. Fintech Relay Payments Raises $43 Million in Funding Over the Past Six Months
January 12, 2021 @ 4:52 pm By Samantha Hurst
Relay Payments, a U.S.-based fintech, announced on Tuesday it raised $43 million in funding over the past six months as it continues to “transform” payment processing within the supply chain industry. Relay Payments describes itself as an end-to-end payment solution that takes the frustration out of lumper payments by providing instant, electronic payments. The company noted that it has developed a digital solution to modernize an industry reliant on cash and checks to conduct day-to-day business.
“By upgrading to an instant, electronic payment solution, customers now have access to a secure and contactless system that maximizes supply chain efficiency.”