PayIt Closes $90 Million in Funding  

by Kay Aloha Villamor in August 5th, 2022

PayIt a Kansas City, MO-based SaaS provider of digital government services and payments, announced that it closed a $90 million investment from 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.

Digital government and payments leaders will leverage additional funding to accelerate product expansion and fuel continued growth.

Company: PayIt, LLC.

Raised: $90.0M

Round: Growth Investment

Funding Month: Aug 2022

Lead Investors: Macquarie Capital Principal Finance

Additional Investors: Insight Partners and Weatherford Capital

Company Website: https://payitgov.com/

Software Category: Government Solutions

About the Company: PayIt is the leading SaaS provider of digital government services and payments. PayIt’s cloud-native and easy-to-implement platform simplifies doing business with government agencies of any size by consolidating hundreds of services and payments into one connected experience for citizens. PayIt enables citizens to handle all of their essential government transactions quickly and easily. PayIt makes it simple, secure, and seamless for governments to accept digital payments and serve their constituents across the web, desktop, and mobile. Its cloud-based solutions are easy to deploy and purpose-built for the public sector, with modules spanning Motor vehicles, Taxes, Courts, Utilities, and more. PayIt’s customers include digital leaders like the City of Toronto, Florida’s Palm Beach County, and North Carolina.

Source: https://payitgov.com/payit-announces-90m-growth-investment-from-macquarie-capital/




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