Insight Partners’s Investment in PayIt


Willkie advised Insight on the investment

PayIt, the premier platform for state and local governments to engage their constituents digitally, secured an investment from Insight Partners.

The investment exceeded $100 million.

PayIt 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 (Picture) and included associates Stephanie Moran, Tai Fukumoto and Burcu Eroglu.

Involved fees earner: Burcu Eroglu – Willkie Farr & Gallagher; Tai Fukumoto – Willkie Farr & Gallagher; Matthew Guercio – Willkie Farr & Gallagher; Stephanie Moran – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Insight Venture Partners;

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Author: Ambrogio Visconti