PayIt lands ‘the Lou’ as a client for mobile payments
November 17, 2016 | Bobby Burch
Government tech startup PayIt is working with the second-largest city in Missouri.
The Kansas City-based company is now providing its mobile payment technology to the City of St. Louis, allowing its more than 300,000 residents to more easily pay property taxes via an app. Timing was apt for the partnership, as St. Louis’ property taxes began arriving in the mail about one week ago.
A city official said St. Louis tapped PayIt to offer residents more options to pay taxes.
“Taxes are never easy to pay,” St. Louis collector of revenue Gregory Daly said, according to St. Louis’ Fox 2. “We’re trying to make it as easy as possible.”
The PayIt app is free, however, there’s a fee to make payments.
PayIt burst onto the Kansas City startup scene in early January 2016 after it registered a $4.5 million capital raise. Led by CEO John Thomson, the company now has more than 20 employees that work to revolutionize how citizens financially interact with government agencies.
The company has grown from easing the initial pain-point of working with start departments of motor vehicles to streamlining services for other government agencies, including those that manage permitting, taxes, licenses, citations and more.
Left to right: PayIt co-founders Mike Plunkett, John Thomson and Ryan Townsend
The PayIt service offers city, county, state and federal government agencies a personalized platform on which citizens can create a profile to simplify payments and interaction. The platform, for example, can notify a user when a vehicle’s tag must be renewed and then allows payment via phone or computer, increasing engagement and cutting down on physical wait time. The platform also provides analytics information to government agencies on how citizens tap the platform.
Unlike many software-as-a-service (SaaS) companies, PayIt provides its platform to government agencies for free upfront. The company takes a small cut of the agency’s transaction fees, reducing its annual costs.
In July, PayIt won a national pitch competition as part of the annual United States Conference of Mayors, beating out dozens of other firms around the nation.
2016 Startups to Watch
stats here
Related Posts on Startland News
Bitten by Disney sharks, Roy Scott beats the odds with Healthy Hip Hop
When a potentially life-altering business deal suddenly vanished, Roy Scott didn’t get mad — he got funded. “Disney thought they were going to snuff us out, but all they did was put gasoline on this fire,” said Scott, founder of Kansas City-based H3 Enterprises (Healthy Hip Hop). Rewind. Starting his company with a live performance-based…
Governor-in-waiting talks startup funding, Amazon and why entrepreneurism is bigger than KC
The strongest person in the room isn’t necessarily the loudest, Jeff Colyer said. “Kansans are used to being overlooked,” he said. “My role as lieutenant governor was to be a little quieter. You give your best advice. And when decisions are made, you’re going to work to support them.” Soon, however, he’ll be the state’s…
Bus tech startup Transportant announces $11M in pre-sales at Lean Lab pitch night
School districts across North America are on board with Transportant — to the tune of $11 million in pre-sale agreements, co-founder John Styers said. The startup, which uses video-based technology to allow students, parents and school administrators to better monitor school buses, announced the milestone — $10 million over its goal of $1 million in…
Councilman introduces east side investment proposal with $15/hour wage provision
As economic development surges in pockets across Kansas City, residents and businesses on the east side shouldn’t be left behind, Scott Taylor said. “Our clock is ticking as a city on this, and we need to do more,” said Taylor, councilman for the sixth district, at-large. At a press conference Thursday, Taylor introduced a draft…