Relay Payments

Overview

Relay Payments is a software company based in the United States, specializing in financial software solutions designed to streamline payment processes for businesses, particularly in the transportation industry. Founded in 2019, the company has developed tools that address common challenges faced by companies like Daggett Truck Line, a family-owned freight business. In a case study involving Daggett, Relay Payments implemented a system that allows drivers to preauthorize spending and use RelayGo cards for various expenses, such as repairs and lumper fees, which previously required cumbersome authorization codes. This transition has not only reduced delays and frustrations associated with payment processing but has also resulted in significant cost savings for Daggett, amounting to over $56,000 in the first six months. Relay Payments aims to enhance operational efficiency and improve the overall experience for drivers and dispatch staff by providing secure and timely payment solutions. The company employs between 51 and 200 individuals and reported revenue of approximately $21 million.

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