INSUBCONTINENT EXCLUSIVE:
Government services, for many, epitomize the worst of bureaucracy: they are, at their low point, large, lumbering organizations working
But as ageing public information infrastructure grinds to a halt and public services start making the switch to digital, that image is
United States and covers a variety of applications that fall under the general category of public services that require government
organizations and agencies to take money from us and issue us with certificates and other documents confirming we have done something
They include Courts and Citations, Environmental Services, Health and Human Services, Motor Vehicle, Parks and Wildlife Services,
Professional Licensing, Public Safety, Taxes, Turnpike and Tolling and Utilities.The plan for PayIt will be to expand that list to cover
more use cases, to win more business in the United States , and to also begin the process of breaking into more international markets.The
funding is coming from a single investor, Insight Partners (which used to go by Insight Venture Partners), and it is also notable because
include other payment platforms that work with government services, such as Aliant, other payment providers like Stripe and PayPal,
companies like Visa, and sometimes even the government itself
payments and procure various official documents
that can integrate all of that into a single process, behind a single front end
to re-enter too many details, or for too many organizations to have to hand off information between each other to complete a payment
subsequent document order
While the former has seen a ton of innovation that has mirrored the growth of the internet overall, tech companies (and governments) have
really only started to scratch the surface with the latter
It will be interesting to see how this develops both in terms of innovation, but also where people will potentially draw a line on too much
centralised and digitised information
now, however, there are a lot of incremental processes to fix and make efficient, and that is where PayIt sits for now.Insight Partners is
an interesting investor for PayIt in that regard
The VC has a track record for backing startups that are using tech to disrupt and rethink legacy infrastructure, with previous investments
PayIt seeks to dissolve those stressful interactions making processes seamless and simple for constituents and governments, allowing issues
to be resolved and revenue to be collected efficiently
