Relay Payments, an electronic payment platform for logistics companies, has raised $43 million over the last six months as it seeks to digitize an industry that has long relied on checks and cash.
Addition, a $1.3 billion fund that invests in early- and growth-stage companies, led the Series A and Series B funding rounds, with participation from investment firms Ribbit Capital and Spark Capital.
Relay works with players across the supply chain — shippers, brokers, carriers, drivers and...
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