PayIt

Digital transaction platform for government agencies

Kansas City, Missouri, United States

About PayIt

PayIt provides a digital transactions platform tailored for government agencies, facilitating efficient interactions between these agencies and their residents. The platform streamlines the process of managing payments, refunds, and transaction tracking, which helps improve service delivery and accelerate revenue collection. By transitioning a significant portion of transactions, such as water bills and parking tickets, to an online format, PayIt allows government staff to concentrate on more complex customer needs rather than routine processing. Additionally, the platform includes features like payment reminders and analytics on payment trends, ensuring a better customer experience. PayIt prioritizes user security and privacy, using data strictly for necessary functions. The company's goal is to enhance the efficiency of government services and improve the overall experience for residents.

Kansas City, MissouriHeadquarters
2013Year Founded
$189.2MTotal Funding
GROWTH_EQUITY_VCCompany Stage
Government & Public Sector, Fintech, CybersecurityIndustries
201-500Employees

Benefits

Salary + standard bonus plan
Healthcare coverage
401(k) + company match
Wellness & mental health perks
Parental leave
Unlimited PTO

Risks

Competition from fintech companies may threaten PayIt's market share.
Rapid tech advancements require constant platform updates, straining resources.
Economic downturns could reduce government spending on digital solutions.

Differentiation

PayIt offers a unified platform for government transactions, enhancing operational efficiency.
The company provides a single resident profile across agencies, simplifying user experience.
PayIt integrates with back-office systems, ensuring seamless digital transaction management.

Upsides

Expansion into digital licensing for outdoor activities opens new market opportunities.
Renewed contracts with states like Kansas highlight strong government partnerships.
Recognition as a top workplace aids in attracting and retaining top talent.

Funding

Total raised$189.20 M
Latest valuation$500.00 M
StageGROWTH_EQUITY_VC
GROWTH EQUITY VC
7/31/2022
$90
SERIES B
2/28/2019
$100
$500.00 M