PayIt, a Kansas City, MO-based SaaS provider of digital government services and payments, closed a $90M growth funding round.
The investment was made by Macquarie Capital Principal Finance. Macquarie Senior Managing Directors Larry Handen and Jared Doskow will join PayIt’s Board of Directors, alongside global software investor Insight Partners and Weatherford Capital.
The new financing will support PayIt’s continued growth and product innovation.
Led by founder and CEO John Thomson, PayIt makes it simple, secure, and seamless for governments to accept digital payments and serve their constituents across web, desktop, and mobile. Its cloud-based solutions are purpose-built for the public sector, with modules spanning Motor Vehicle, Taxes, Courts, Utilities, and more. PayIt’s customers include digital leaders like the City of Toronto, Florida’s Palm Beach County, and North Carolina.
The company recently released its configurable platform architecture, as well as ProSight™, a backend dashboard for management and insights. PayIt has also expanded its executive team, appointing Jean Nobile as senior vice president of operations, and Kelly Davis-Felner as chief marketing officer.
FinSMEs
04/08/2022