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
Bungii ‘circles the wagons,’ sending its truck drivers to aid Linwood tornado survivors
One of Kansas City’s top startups dropped its tailgates this week to help Kansans ravaged by a violent twister. “The damage and injuries suffered because of the storms were outside of everybody’s control, but how we react and how our community reacts is vital,” said Eric Bolduc, a customer success specialist for Bungii who was…
PayIt gains $25M follow-on investment from early backer Weatherford Capital
A Tampa-based venture capital firm run by three brothers sees investing in Kansas City’s PayIt as part of its long-term strategy. Weatherford Capital first backed PayIt in 2016, through a $4.5 million Series A round led by New York-based Advantage Capital Partners, and followed by Weatherford, Royal Street Ventures, the Missouri Technology Corporation and Five…
Rise Up, Get Started offers second chances with grants to formerly incarcerated entrepreneurs
Kansas City should be home to second chances, hope, and opportunities, said Johnny Waller Jr. “Kansas City has a rich history of uniting behind its citizens for the common good of its people and that’s what this event is,” said Waller, co-founder of Determination, Incorporated, addressing a wide-ranging audience Thursday at the inaugural Rise Up,…
Fountain City Fintech earns EDC’s Cornerstone Award in accelerator’s first year
Fountain City Fintech’s plan was to put Kansas City on the map, Zach Anderson Pettet said. In the process, the community bank-backed accelerator earned attention in its own right, he said. “A big piece of our plan was to give our cohort a chance to dig in and really understand the city — understand the…