When was PayIt founded?

PayIt was founded in 2013 and raised its 1st funding round 3 years after it was founded.

Where is PayIt located?

PayIt is headquartered in Kansas City, United States. It is registered at Kansas City, Missouri.

Who is the current CEO of PayIt?

John Thomson of PayIt. They have also founded 1 company.

How many employees does PayIt have?

As of May 31, 2026, the latest employee count at PayIt is 211.

Is PayIt a funded company?

PayIt is a funded company, having raised a total of $267M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 19, 2016.

When was the latest funding round of PayIt?

PayIt's latest funding was a $***** Series D round on May 31, 2023, with participation from 0 investor.

Where does PayIt rank among its competitors?

PayIt ranks 1st amongst 47 active competitors, of which 8 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was VETC, which secured $19.2M in Aug, 2025.

Who are the top competitors of PayIt?

PayIt's top competitors include ClassWallet, Forage and Invoice Cloud. Among them, VETC secured the most recent funding round in August, 2025.

PayIt - 2026 Company Profile, Team, Funding & Competitors

Company Details

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.

Website: payitgov.com
Social
Registered Address: Kansas City, Missouri

Key Metrics

Founded Year

2013

Location

Kansas City, United States

Stage

Series D

Total Funding

$267M in 7 rounds

Latest Funding Round

Series D, May 31, 2023, $*****

Investors

Missouri Technology & 10 more

Ranked

1^st among 47 active competitors

Employee Count

211 as on May 31, 2026

Investment & Acquisitions

Similar Companies

ClassWallet & 47 more

View PayIt's full profile

PayIt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PAYIT, LLC CIN: 464175673 , United States, Active	Nov 07, 2013	-	232 (As on Dec 31, 2024)	-

PayIt has raised a total funding of $267M over 7 rounds. Its first funding round was on Jan 19, 2016. PayIt has 11 institutional investors.

Here is the list of recent funding rounds of PayIt:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 31, 2023	1806530	Series D	3060938	4236564	2406809	9199512
May 27, 2022	1370729	Series D	3960814	4311715	5374287	Macquarie & 2 more
Apr 02, 2021	6083528	Series C	9642305	5395767	Missouri Technology	5993689

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View details of PayIt's funding rounds and investors

The founders of PayIt are Michael Plunkett, John Thomson and Ryan Townsend. John Thomson is the CEO of PayIt.

Here are the details of PayIt's key team members:

Michael Plunkett: Co-Founder and Chief Development Officer of PayIt. They serve on the board of 1 company.
John Thomson: Co-Founder & CEO of PayIt and founder of 1 other company.
Contact Info: 2 email addresses
Ryan Townsend: Co-Founder and CTO of PayIt.

PayIt's Board of Directors

PayIt's board has 6 active members. Michael Plunkett, Scott Murphy, Will Weatherford, Kevin Childress, Michael S Plunkett and John P Thomson are independent board members.

Here is the list of PayIt's board of directors:

Name	Type	Representing	Status	Duration
Michael Plunkett	Independent board member	-	Current	11y 8m
bobvswq	Independent board member	-	Current	7y 5m
pntpuzm	Independent board member	-	Current	9y 8m
k{voupg	Independent board member	-	Current	4y 4m
yqcwflx	Independent board member	-	Current	2y 2m
qujifgw	Independent board member	-	Current	4y 2m

View details of PayIt's Founder profiles and Board Members

PayIt's employee count trend

PayIt has 211 employees as of May 26. Here is PayIt's employee count trend over the years:

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Top competitors of PayIt include ClassWallet, Forage and Invoice Cloud. Here is the list of Top 10 competitors of PayIt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayIt 2013, Kansas City (United States), Series D	Mobile-based payment platform for government agencies	$267M	Insight Partners, Macquarie & 9 others	71/100
2nd	ClassWallet 2014, Miami (United States), Series A	Provider of digital wallet platform for managing and disbursing public funds	$107M	Guidepost Growth Equity, Florida Funders ... & 22 others	58/100
3rd	Forage 2019, San Francisco (United States), Series A	Provider of payment processing solutions for government benefits programs and savings	$22.1M	Y Combinator, FIS & 12 others	55/100
4th	Invoice Cloud 2009, Braintree (United States), Acquired	Provider of digital billing and payment platform for multiple industries	-	Summit Partners, Ares Capital Corporation ... & 1 others	54/100
5th	Payble 2020, Woolloomooloo (Australia), Series A	Provider of payment experience platform for local government and councils	$4.87M	OIF Ventures, x15ventures	50/100
6th	PromisePay 2017, Oakland (United States), Series B	Bill payment solutions for the government	$48M	XYZ Venture Capital, First Round Capital ... & 20 others	44/100
7th	Pagaloop 2019, Mexico City (Mexico), Seed	Provider of platform for government payment processing via API and SDK	$125K	Y Combinator, Nazca & 2 others	44/100
8th	VETC 2015, Hanoi (Vietnam), Series B	Operator of electronic toll collection services for vehicles and highways	$19.2M	IFC	43/100
9th	Point & Pay 1999, Oldsmar (United States), Unfunded	Bill payment solutions	-	-	42/100
10th	Aventiv Technologies 2004, Dallas (United States), Funding Raised	Online money management and payments platform for individuals and businesses	-	Platinum Equity	42/100