Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee




Posted December 18, 2020

Relay Payments reported raising $35.3 million in a Dec. 3 filing with the U.S. Securities and Exchange Commission.

The Atlanta-based financial technology startup, headquartered at The Battery Atlanta, provides an end-to-end instant electronic payment network for logistics companies and has operated mostly under the radar in the two years since its founding.

The company also raised $7.7 million in July, according to an SEC form. Relay Payments declined to comment on the raise.

Relay Payments is led by its co-founders, CEO Ryan Droege and President Spencer Barkoff.

Lee Fixel is listed as a Relay Payments director in the SEC filing. Fixel is a New York-based investor with Addition venture capital firm, according to his LinkedIn.

Fixel is a notoriously low-profile investor, according to Forbes. Addition is a $1.3 billion fund that invests in early- and growth-stage companies. Fixel was previously a partner at Tiger Global Management, where he invested in event ticketing service Eventbrite and fitness platform Peloton, according to Forbes.

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