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
CNN features Kansas City and St. Louis’ resilient growth
Kansas Citians are already familiar with the perks of calling the metro home — the friendly people, innovative culture and affordability to name a few. The City of Fountains, as well as its neighbor to the east, St. Louis, received validation of those facts Thursday via a lengthy CNN feature on their “bounce back” from the…
K-State LAB offering Kansas startups free growth resources
A Kansas State University business development program is awarding more than $100,000 in grants to Kansas startups. Through K-State LAB — which stands for “launching a business” — participants will receive business lessons, face-to-face mentoring and access to market research. Launched in 2014, the program aims to connect entrepreneurs with the right people so that they…
Kauffman Foundation launches initiative to topple startup barriers
During an annual trip to Washington D.C., Ewing Marion Kauffman Foundation CEO Wendy Guillies urged the U.S. Congress to take action to eliminate barriers for entrepreneurs to launch new businesses. In her 2017 State of Entrepreneurship address, Guillies said that millions of Americans are being left out the U.S. economy and that trends of dwindling…
In address to Congress, Victor Hwang urges action on entrepreneurship deficit
Tapping into his own entrepreneurial story, the Ewing Marion Kauffman Foundation’s vice president of entrepreneurship testified before Congress on cutting obstacles to starting a business. Before the U.S. House Small Business Committee, Victor Hwang joined an expert panel of entrepreneurs and researchers to discuss common struggles entrepreneurs face, possible solutions and emerging trends. As Republican…