Startup profile · funding coverage
PayIt funding, valuation and investors
Digital government services and payments platform for agencies and residents.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Growth
$90M · August 2022
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$90M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Kansas City, MO
Investors in latest funding
Lead: Macquarie Capital Principal Finance
Other: Insight Partners , Weatherford Capital
Overview
PayIt modernizes how governments collect payments and deliver digital services to residents across web and mobile. Founded by John Thomson and headquartered in Kansas City, MO, the company announced a $90 million growth investment from Macquarie Capital Principal Finance in August 2022; Macquarie directors joined the board alongside Insight Partners and Weatherford Capital. Modules span motor vehicle, taxes, courts, utilities, and related agency workflows.
Why PayIt is interesting
Kansas City govtech scale-up that closed a $90M growth investment (Aug 2022) from Macquarie Capital Principal Finance, with Insight Partners on the board — consumer-grade payments for motor vehicle, taxes, courts, and utilities.
Product & use cases
Cloud platform purpose-built for public-sector digital payments and resident services across major agency domains.
- DMV / motor vehicle digital payments
- Tax, court, and utility bill pay
- Resident self-service portals for cities and counties
Key facts
- Growth investment (Aug 2022): $90M from Macquarie Capital Principal Finance (PayIt / FinSMEs)
- Board includes Macquarie directors alongside Insight Partners and Weatherford Capital
- GovTech100 multi-year recognition cited at raise
- Kansas City, MO HQ
Funding history (newest first)
Growth
2022-08 $90M- Macquarie Capital Principal Finance (lead)
- Insight Partners (participant)
- Weatherford Capital (participant)
Investors in our directory
Funds linked from PayIt's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Public-sector-native payments and services stack with large growth capital for multi-state expansion.
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NIC / Tyler Technologies incumbent
Legacy government digital services.
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ACI Worldwide / payment processors adjacent
Payments rails without full gov UX.
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In-house agency portals alternative
Custom builds still common.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover PayIt's financing or category context.
FAQs about PayIt
Practical answers founders, operators, and investors typically search for.
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