# CityBase

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citybase

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: www.thecitybase.com
- Total disclosed funding: $10M
- Latest round: Series B (Jul 7, 2016)
- Investors on record: 2

## About

CityBase, Inc. is a technology firm focused on providing innovative payment solutions specifically designed for local governments and utility companies, enhancing operational efficiency and customer engagement.Founded in 2014 and headquartered in Chicago, US, CityBase, Inc. specializes in payment technology solutions for local government and utility sectors. The firm underwent an acquisition by GTY Technology Holdings Inc. in February 2019, following a deal valued at USD 160 mn in cash and stock. Michael Duffy serves as the current CEO. The firm has completed a total of 3 deals, with the most recent deal occurring on September 12, 2018.CityBase specializes in providing payment technology solutions tailored for local governments and utility companies. Its core product offerings include a centralized, cloud-based platform that integrates payment functionality, business processes, and communications, enabling a seamless experience for end users. The solutions offered encompass various functionalities such as online payments, in-person cashiering, kiosks, and revenue management systems—allowing constituents to easily pay bills, request services, and access information across multiple channels, including web, mobile, and physical locations. CityBase primarily serves more than 100 government agencies, cities, counties, states, and utility providers throughout the United States, focusing on enhancing customer service and operational efficiency. Their technology is designed to meet specific needs of constituents, thereby promoting equity and transparency in public service delivery.CityBase generates revenue through a transactional structure that primarily encompasses B2B partnerships with local government agencies and utility companies. The firm’s business model involves subscription-based pricing for its software solutions, which provide essential functionalities for payment processing and customer management. Municipalities may enter into agreements to utilize CityBase’s comprehensive payment processing services, enabling them to manage various revenue streams, including business taxes, utility payments, and property taxes. By implementing these solutions, clients can streamline their revenue collections and enhance customer experiences in a secure and user-friendly environment. The firm’s flagship products, such as its online payments platform and revenue management tools, play a crucial role in facilitating these transactions and supporting clients in their customer service efforts.CityBase's future growth strategy includes the continuation of enhancing its payment technology offerings to better serve the needs of local governments and utility companies. Following its acquisition in February 2019, the company aims to leverage the resources and expertise of GTY Technology Holdings Inc. to expand into new markets across the United States. The recent funding will support these initiatives, although specific upcoming product launches or new geographic regions targeted for expansion have not been detailed.

## Funding rounds

- Series B, Jul 7, 2016, $6.3M — Method Capital
- Series A, Jun 1, 2015, $4M — Taylor Capital Group, Method Capital

## Investors

- Taylor Capital Group — Series A
- Method Capital (https://capitalatlas.ai/funds/method-capital) — Series A, Series B