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
Major Kansas City grocery chains stock SERV Nutrition less than a year into business
Doing good is more than just a motto for SERV Nutrition — it’s the state of the startup’s operation seven months into business, Isaac Collins said as the company’s patented protein pods hit shelves at Price Chopper and Hen House stores across the metro. “Online sales have been going well, but we saw a great…
KCMO turns to entrepreneurs for new ideas on budget support; Advocates to rally at work sessions
Raised voices and a commitment to civic engagement earned entrepreneurs an additional $350,000 in city support for the 2019 budget year and a second attempt is about to begin, explained Rick Usher. “It really goes back to when the resident work sessions started in 2018,” Usher, KCMO assistant city manager for entrepreneurship and small business,…
Biotech firms: Health innovation can’t grow in KC with wet lab space in such short supply
ELIAS Animal Health is advancing a technology that can fundamentally change how cancer is treated in both humans and animals, said CEO Tammie Wahaus, yet finding lab space in the metro has been one of the biotech startup’s biggest tests. “We’re doing a lot of cell culture work, which requires wet lab space, but there…
Peek inside: Project Commons teen accelerator pilot aims for ‘innovation, collaboration, impact’
Innovation is growing on the third floor of Goodwill’s East Crossroads center, enabling Kansas City’s next generation to take ownership of their city. “We really wanted to sort of address their needs, hear more about their voice and engage with them,” William Dowdell, program director at Hire KC, said of the 21 students who make…