Tampa's Weatherford Capital portfolio company gets $100M investment

PayIt, a portfolio company of Tampa’s Weatherford Capital, has received a more than $100 million investment that will allow it to continue expanding its footprint and product capabilities.

InSight Partners, a New York-based venture capital and private equity firm, had previously invested in PayIt in 2016.

PayIt, based in Kansas City, has a platform that lets users pay for state and local services such as the Department of Motor Vehicles, permits and licensing, turnpike passes, income tax, traffic citations and more. Its cloud-based solutions are built specifically for the public sector.

Read more from The Tampa Bay Business Journal.