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New Deal


Announced

Insight Partners to invest in PayIt.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
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EV/EBITDA-
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Tags

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Minority

Software

Private

United States

Pending

software solutions

Acquisition

Friendly

Private Equity

Single Bidder

Synopsis

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Insight Partners, a New York-based venture capital and private equity firm, is set to invest in PayIt, the premier platform for state and local governments to engage their constituents digitally. Financial terms were not disclosed. The new funding will allow PayIt to continue expanding its footprint and product capabilities. "We're thrilled to partner with Insight Partners to further accelerate the value we're able to deliver to constituents and the governments that serve them. PayIt's unique digital payments platform simplifies the government by making it more modern, convenient, secure, and transparent," John Thomson, PayIt founder & CEO.

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