About PayIt Gov
PayIt Gov is a company based in Kansas City (United States) founded in 2013 by Michael Plunkett, John Thomson, and Richard Garbi.. PayIt Gov has raised $271.85 million across 8 funding rounds from investors including Macquarie Group, Perception Companions and Weatherford Capital. PayIt Gov has completed 1 acquisition, including S3 Gov. PayIt Gov offers products and services including PayIt Platform, Resident Experience, and Agency Experience. PayIt Gov operates in a competitive market with competitors including PromisePay, Aventiv Technologies, Official Payments, Judicial Innovations and PayGOV, among others.
- Headquarter Kansas City, United States
- Founders Michael Plunkett, John Thomson, Richard Garbi
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Sectors
Government & Social SectorFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Payit, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$271.85 M (USD)
in 8 rounds
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Latest Funding Round
$28.94 M (USD), Series D
May 31, 2023
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Investors
Macquarie Group
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of PayIt Gov
PayIt Gov offers a comprehensive portfolio of products and services, including PayIt Platform, Resident Experience, and Agency Experience. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables digital government transactions for revenue collection and resident services
Provides centralized profile for residents to manage transactions and services
Offers real-time visibility for government staff to handle payments and support
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Funding Insights of PayIt Gov
PayIt Gov has successfully raised a total of $271.85M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $28.94 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $28.9M
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First Round
First Round
(19 Jan 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series D - PayIt Gov | Valuation |
investors |
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| May, 2022 | Amount | Series D - PayIt Gov | Valuation |
investors |
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| Apr, 2021 | Amount | Series C - PayIt Gov | Valuation | Missouri Technology |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayIt Gov
PayIt Gov has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Macquarie Group, Perception Companions and Weatherford Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is provided to technology companies.
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Founded Year | Domain | Location | |
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VC and PE investments are provided by family office-backed firm.
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Founded Year | Domain | Location | |
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Tech companies focused VC firm operating across Missouri
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayIt Gov
PayIt Gov has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include S3 Gov. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Government licensing and permitting solutions are provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PayIt Gov
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payit Gov Comparisons
Competitors of PayIt Gov
PayIt Gov operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PromisePay, Aventiv Technologies, Official Payments, Judicial Innovations and PayGOV, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing solutions for government bill collections are provided.
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| domain | founded_year | HQ Location |
Online money management and payments platform for individuals and businesses
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| domain | founded_year | HQ Location |
Investments in energy, automotive, and real estate sectors are provided.
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| domain | founded_year | HQ Location |
Web-based payment solutions for government courts and agencies are provided.
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| domain | founded_year | HQ Location |
Facilitates online and mobile payments for taxes, utilities, and government fees.
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| domain | founded_year | HQ Location |
Payment solutions for citizens and municipalites.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payit Gov
Frequently Asked Questions about PayIt Gov
When was PayIt Gov founded?
PayIt Gov was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is PayIt Gov located?
PayIt Gov is headquartered in Kansas City, United States. It is registered at Kansas City, Missouri, United States.
Who is the current CEO of PayIt Gov?
John Thomson is the current CEO of PayIt Gov. They have also founded this company.
Is PayIt Gov a funded company?
PayIt Gov is a funded company, having raised a total of $271.85M across 8 funding rounds to date.
What does PayIt Gov do?
Mobile-based payment platform for government agencies. Builds both mobile and web applications for agencies in the Amazon government cloud. The application also allows social sharing and content management for agencies allowing them to distribute communications. The company follows a transaction-based revenue model with zero upfront cost. Kansas Turnpike Authority and Pennsylvania DMV are some of the agencies that have implemented the solution.
Who are the top competitors of PayIt Gov?
PayIt Gov's top competitors include PromisePay, Aventiv Technologies and Judicial Innovations.
What products or services does PayIt Gov offer?
PayIt Gov offers PayIt Platform, Resident Experience, and Agency Experience.
How many acquisitions has PayIt Gov made?
PayIt Gov has made 1 acquisition, including S3 Gov.
Who are PayIt Gov's investors?
PayIt Gov has 7 investors. Key investors include Macquarie Group, Perception Companions, Weatherford Capital, Missouri Technology, and Insight Partners.