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
BoysGrow teaches urban youth entrepreneurship through farming
BoysGrow, a mentoring program that teaches urban Kansas City boys entrepreneurship through hands-on agriculture, isn’t successful based on what the teens harvest, John Gordon Jr. said. It’s all about the soft skills they learn on the South Kansas City farm. “These boys are young,” said Gordon, founder of BoysGrow, noting the two-year program accepts students…
Hyperloop One zooms past Kansas City-St. Louis route
The prospect of traveling from Kansas City to St. Louis in 23 minutes recently zipped past the Show Me State. Hyperloop One — a tech firm that created a system propelling vehicles at speeds of about 760 miles per hour — announced Thursday its four winning U.S. routes, cutting Kansas City from a list of 11 semifinalists.…
Techweek’s future of transportation: ‘Don’t let anything stop you from starting’
Transportation and mobility technology are good examples of the hidden talents of the Kansas City tech community, Darcy Howe said “We have many more mobility companies in Kansas City than you might think, which is a pleasure,” said Howe, KCRise Fund managing director, moderating Wednesday’s Techweek panel. Discussing cars, trucks, roadways and the future of…
1 Million Cups embarks on huge national expansion effort
The entrepreneurial events series 1 Million Cups — a national program born in Kansas City and grown by the Ewing Marion Kauffman Foundation — has set the ambitious goal to expand to 500 communities by the end of 2018. “We’re looking forward to keeping the magic that we’ve already created with 1 Million Cups on…