What Relish does

Relish (legally Relish IQ, Inc.) is an enterprise SaaS company headquartered in Newbury, Ohio, that delivers AI-powered supplier data validation, invoice processing, and payment fraud prevention solutions to large organizations. The company serves 400+ enterprise customers across verticals including healthcare, higher education, manufacturing, financial services, public sector, food & beverage, energy and utilities, and technology, with named logos such as Best Buy, PayPal, Freeport-McMoRan, QTS, University of Nebraska, Denny's, and EZCORP. Founded in 2017 and led by CEO and co-founder Ryan Walicki, Relish has raised approximately $38 million in total funding, including a $10 million Series A from Volition Capital in February 2024 and a $25 million round co-led by Base10 Partners and Volition Capital in February 2025.

The company's product suite comprises Data Assure (supplier identity, tax ID, sanctions, and bank ownership validation across 110+ countries), Invoice AI (adaptive invoice processing in 110+ languages without templates), Bank Account Validation (real-time payment fraud prevention backed by a Fraud Protection Guarantee), and Data Assure HR (worker data validation for HR/payroll fraud prevention). The platform is built on Azure OpenAI Service and natively integrated with SAP (Silver Partner), Coupa, Workday, ServiceNow, and Dun & Bradstreet, enabling embedded deployment inside customers' existing procurement, AP, HR, and ITSM workflows.

Relish operates a SaaS subscription model with custom, quote-based enterprise pricing on annual contracts. Go-to-market combines direct enterprise field sales — with dedicated Account Executives per major platform (Coupa, SAP, Workday) — and channel partnerships, most notably Carahsoft for U.S. public sector distribution. The company maintains SOC 2 Type II, HIPAA, and GDPR attestations and was designated a Nacha Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention, anchoring its position in regulated AP and payments workflows.

Name

Relish

Legal name

Relish IQ, Inc.

Website

https://relishiq.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Relish (Relish IQ, Inc.) is an enterprise SaaS provider of AI-powered supplier data validation, invoice processing, and payment fraud prevention solutions, natively integrated with SAP, Coupa, Workday, and ServiceNow for 400+ large enterprise customers.

Ownership category

akta.pro rank

Product category

Enterprise Data Validation & Fraud Prevention

NAICS

Custom Computer Programming Services (541511), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)

akta.pro primary industry

Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE)

akta.pro secondary industries

Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA), Identity Verification (IDV) & Document Verification (FSAMALAE)

Keywords

• Supplier data validation
• AI invoice processing
• Fraud prevention software
• Bank account validation
• Enterprise procurement automation

Headquarters

HQ city

Newbury

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription: Relish operates as a SaaS platform with subscription-based pricing for enterprise customers. Solutions are delivered as cloud-based services integrated into existing enterprise systems (SAP, Coupa, Workday, ServiceNow). Revenue is generated through annual or multi-year subscription contracts based on usage volume and enterprise scale.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Relish provides AI-powered enterprise data validation and fraud prevention software delivered as native integrations into procurement, accounts payable, treasury, and human resource systems (SAP, Coupa, Workday, ServiceNow). The platform validates supplier identity, bank account ownership, tax IDs, and sanctions screening across 110+ countries, automates invoice processing in 110+ languages without templates, and validates worker data for payroll fraud prevention.

Product overview

Relish offers a unified platform of enterprise data validation and fraud prevention solutions. The core products include Data Assure (supplier data validation), Invoice AI (AI-powered invoice processing), Bank Account Validation (real-time bank account verification), and Data Assure HR (worker data validation). These products work together to secure every stage of the supplier and worker lifecycle, with seamless integration into existing enterprise systems like SAP, Coupa, Workday, and ServiceNow.

Differentiator

Problem solved

Functional benefit

Products and services

• Data Assure
• Invoice AI
• Bank Account Validation Real-time bank account validation that prevents payment fraud, reduces ACH return rates, and intercepts business email compromise and vendor impersonation schemes, backed by a Fraud Protection Guarantee.
• Data Assure HR Worker data validation product that manages employee consent, data privacy, and compliance for HR processes; provides multi-layered screening to prevent payroll fraud.

Quantifiable outcome

• QTS achieved 96% time reduction in supplier validation (50 minutes to 2 minutes)
• +7 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and strategic.

• NachacoreStrategic or Co-development Partner · 14 May 2026Nacha, governing body for the ACH Network, designated Relish as a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. The partnership positions Relish to help enterprises meet evolving ACH compliance demands in a network that processed 35.2 billion payments valued at $93 trillion in 2025.
• WorkdaycoreTechnology or Integration · 12 March 2026Workday featured Relish's Data Assure as a native Workday application in their Innovation Exchange podcast. Data Assure validates supplier identity, bank ownership, tax IDs, and sanctions data in real-time during onboarding. PwC also developed a related Segregation of Duties app on the Workday platform.
• SAPcoreTechnology or IntegrationSAP Silver Partner status. Relish develops native SAP-integrated solutions including Data Assure and Invoice AI. Solutions are embedded within the SAP environment for supplier validation and invoice processing. White paper available on SAP integration benefits.
• CoupacoreTechnology or IntegrationTechnology partnership for AI-powered invoice digitization and supplier data solutions natively integrated within Coupa platform. Dedicated Account Executive position for Coupa sales.
• ServiceNowcoreTechnology or IntegrationIntegration partnership for supplier data automation embedded directly in ServiceNow workflows for validation, monitoring, and action.
• Dun & BradstreetstrategicTechnology or IntegrationData partnership enabling D&B intelligence integration to supercharge enterprise stacks. D&B data enriches supplier records with hierarchy, diversity, ESG, risk, and financial strength insights.
• CarahsoftstrategicChannel Partner/ Reseller/ DistributorChannel partnership for public sector distribution. Carahsoft serves as the government reseller partner for Relish solutions in the public sector segment.
• Microsoft Azure OpenAIcoreTechnology or IntegrationRelish utilizes Azure OpenAI Service for AI infrastructure. Data isolation, customer control, and compliance with global standards are ensured through this partnership.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• AvidXchange: AvidXchange is a leading AP automation platform serving mid-market and enterprise customers with invoice processing, payment automation, and supplier onboarding workflows. It is directly comparable to Relish's AP-focused Invoice AI and supplier validation offerings, though it typically targets larger invoice volumes with broader payment-network capabilities.
• Stampli: Stampli provides AI-powered AP automation and invoice collaboration built on direct ERP integrations (including SAP and NetSuite). It competes head-to-head with Relish Invoice AI for enterprise invoice capture and validation workloads, with a similar go-to-market through ERP partners.
• Tipalti: Tipalti is an end-to-end payables automation platform that combines supplier onboarding/KYC validation, invoice processing, and global payments. Its supplier validation module is closely comparable to Relish's Data Assure and Bank Account Validation, and its invoice automation overlaps with Invoice AI.
• Rossum: Rossum is an AI-native invoice and document processing platform that uses a template-free deep-learning approach, closely mirroring Relish Invoice AI's value proposition. Both target enterprise AP teams with multi-language, multi-format invoice capture integrated with major ERPs.
• Klippa: Klippa provides AI-powered document and invoice processing with OCR and data extraction capabilities. It is comparable to Relish's invoice AI functionality and serves a similar enterprise AP use case, with a slightly broader document-processing footprint.
• Trulioo: Trulioo provides global identity verification, business verification, and KYC/AML data services used in supplier onboarding and counterparty due diligence. Its verification and risk-data offerings overlap with Relish's Data Assure identity, tax-ID, and sanctions validation capabilities.

Emerging players

• Yooz: Yooz delivers AI-driven invoice automation and AP workflow tools targeted at mid-market and mid-enterprise customers. It competes in the same invoice-AI category as Relish Invoice AI but typically serves a slightly smaller customer segment and relies on partner-led delivery.
• ProcessUnity: ProcessUnity provides third-party risk management and supplier due diligence platforms used by enterprises for onboarding and ongoing monitoring. Its continuous supplier monitoring capabilities overlap with Relish's Data Assure and sanctions validation, though ProcessUnity focuses more on risk-tiering than transactional validation.

Broad incumbents

• Plaid: Plaid is a dominant financial data network and offers bank account verification/authentication services (Auth, Balance, Identity Verification). Its account-validation product directly competes with Relish's Bank Account Validation for payment fraud prevention, though at a much broader consumer-finance scale.
• Bottomline Technologies: Bottomline is an established provider of payment fraud prevention, business payments, and treasury/AP solutions for large enterprises and banks. Its anti-fraud and payee-validation capabilities overlap with Relish's Nacha-aligned account validation and treasury workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/relishiq
• Xx.com/relishiq

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Relish