Diligence memo · auto-generated · as of July 2, 2026
Relay Payments Inc.
Relay Payments Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Relay Payments Inc. operates in Fintech, based in ATLANTA.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Relay Payments Inc. has raised $88M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $45M on 2021-07-07.
Most recent recorded round closed around 2021-07-07.
Valuation (modeled)modeled
Provath models Relay Payments Inc. at approximately $1.1B (range $166M–$2.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.94× the median modeled value of Series C Fintech companies in 2019–2021 (5 peers) — value vs value, same stage and era. Within the normal band (94% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 5.0 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Fintech peers (1063 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Snapcash lending, INC, Lively, Inc., Truebill, Inc., FamPay, Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.