Insight Partners Invests in State and Local Government Payment Platform PayIt

April 11, 2019

Willkie advised Insight on the investment, which will accelerate digitization of government payments.

PayIt, a premier platform for state and local governments to engage their constituents digitally, announced an investment from Insight Partners, a New York-based venture capital and private equity firm.

PayIt, a digital government and payment platform, makes it simple, secure, and seamless for governments to accept digital payments and serve their constituents across web, desktop, and mobile. Its dynamic, cloud-based solutions are purpose-built for the public sector with modules spanning Motor Vehicle, Taxes, Utilities, and more. The new funding will allow PayIt to continue expanding its footprint and product capabilities.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide.

The Willkie team was led by partner Matthew Guercio and included associates Stephanie Moran, Tai Fukumoto and Burcu Eroglu.