PayIt Strengths, Domain Expertise, and Key Differentiators
PayIt provides a patent-pending, enterprise-grade platform focused exclusively on government services.
PayIt Recent Developments
"In November 2019, PayIt partnered with TxDOT to launch payitTolls, a mobile-optimized solution that offers the ability for drivers to manage their TxTag accounts. In August 2019, Alexandru Otrezov joined PayIt as a chief marketing officer. In November 2018, The N.C. Division of Motor Vehicles launched a new online payment platform so customers can complete several types of vehicle registration transactions online. NCDMV has been working with PayIt to launch this new service since 2017."
PayIt Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PayIt applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of PayIt and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PayIt Platform customers.
Ownership: - x
Number of Employees: 150
PayIt Key Enterprise and Cloud Applications
PayIt Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
PayIt Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
PayIt Enterprise Applications Revenues By Functional Markets, $M:
PayIt Enterprise Applications Revenues By Verticals, $M:
PayIt Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
PayIt Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
PayIt Customers - Breakdown by Geo, Size, Vertical and Product
No. of PayIt Customers: x
No. of PayIt Enterprise Applications Customers: x
No. of PayIt Cloud Customers: x
No. of PayIt Cloud Subscribers: x
PayIt's customers are state, local, and federal government. Along with their government partners, they are transforming the customer experience and making the government more modern, convenient, and mobile.
PayIt Market Opportunities, M&A and Geo Expansions
In 2020, PayIt is fully equipped to quickly digitize government processes and payment capabilities. The platform integrates seamlessly within any existing system of record and offers our government partners industry-leading security and a highly scalable framework. Paylt has rolled out a brand new payment collection service for The Unified Government of Wyandotte County and Kansas City, Kansas. PayIt Express was launched in just a matter of days to help address office closures and provide a way for Wyandotte County/KCK to continue its operations digitally.
In May 2019, PayIt gained a $25M follow-on investment from early backer Weatherford Capital.
In March 2019, PayIt received a $100M+ Investment from New York-based venture capital firm Insight Partners. The size of the investment — one of the largest gov tech fundings in recent years — represents a major development for the startup."
PayIt Risks and Challenges
Expanding sales outside the United States will be a challenge for PayIt.
PayIt Ecosystem, Partners, Resellers and SI
PayIt partnered with Oklahoma to launch a new, digital solution myOklahoma. Oklahoma is launching their new, innovative online solution myOklahoma, powered by our platform. Residents will be able to renew their vehicle registrations and order birth certificates, with additional services on the way. myOklahoma users can also create a single, secure digital wallet that combines and stores their payment, profile, and transaction information in one place. This will result in faster payments, fewer in-office visits, and more streamlined experience across multiple government offices.
PayIt does mostly direct sales.In July 2021, PayIt Digital Government announced its official partnership with the City of Toronto. This partnership marks a monumental step forward for PayIt, the City of Toronto, and the residents of Toronto. PayIt is looking forward to being part of the landscape of Toronto; simplifying the government experience for Torontonians and helping to support the growth of the local tech economy.
PayIt partnered with Oklahoma to launch a new, digital solution myOklahoma. Oklahoma is launching its new, innovative online solution myOklahoma, powered by our platform. Residents will be able to renew their vehicle registrations and order birth certificates, with additional services on the way. myOklahoma users can also create a single, secure digital wallet that combines and stores their payment, profile, and transaction information in one place. This will result in faster payments, fewer in-office visits, and a more streamlined experience across multiple government offices.
PayIt does mostly direct sales.
PayIt Cloud Infrastructure Insights
Subscribe to read more about:
- PayIt Public Cloud and Infrastructure (IaaS)
- PayIt Platform (PaaS)
- PayIt Application Delivery
- PayIt Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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