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
During Taste of Techstars, David Cohen offers three tips for hopeful applicants
Founder and co-CEO of Techstars David Cohen addressed Kansas City via a simulcast on Thursday morning, sharing three tips for startups. This preceded the day long workshop Taste of Techstars, which is hosted in multiple Techstars cities. Including simulcast talks, mentor sessions and pitch practice — Kansas City Techstars managing director Lesa Mitchell said she…
Google Fiber clarifies KC plans after reports of mass cancellations
After media reports indicated it canceled “hundreds” of area residents’ installations without a specific reason, Google Fiber is now clarifying its Kansas City plans. The tech giant — which began building an expansive gigabit network in Kansas City, Kan. in 2011 — said that while it remains committed to the area, it is tapering its expansion…
Leaders in KC coworking evaluate cultural, economic impact
Though I’m a “young, hip” millennial that offices in a coworking space, there’s no slant in saying that coworking is more than a fad in Kansas City. It’s a serious — and growing — business segment in the area. In the next 18 to 24 months, the metro will be welcoming more than 300,000 square…
Listen: Experts analyze KC’s evolving coworking and real estate market
What happens when the real estate market responds to a city’s surging entrepreneurial community? That was the subject of Startland News and Think Big’s March Innovation Exchange, which focused on Kansas City’s coworking boom and its intersection with area entrepreneurship. More than 300,000 square feet of coworking space will become available in the area over…