PayIt announces $100M+ funding round from single investor
March 28, 2019 | Austin Barnes
Simplifying government services through tech just got easier for Kansas City-based startup PayIt. All thanks to a funding round of more than $100 million, the company announced Thursday.
UPDATED: ‘Transformative’ $100M+ investment for PayIt means KC GovTech startup will boost hiring
PayIt — named one of Startland’s 10 Kansas City Startups to Watch in 2018 — received the funding from a single investor, New York City-based, Insight Partners, Techcrunch reported.
The startup — which had previously raised $11 million — will use the money to expand its services into various government sectors and international markets, the digital tech magazine said.
Specializing in govtech/fintech applications that better connect government to its constituents, PayIt made news in 2018 thanks to major partnerships with the State of Kansas and the Unified Government of Kansas City, Kansas. But the biggest boast comes in terms of the startup’s headcount, PayIt CEO and co-founder John Thomson said.
Click here to read more about how PayIt is helping Kansas drivers skip the line at the DMV.
The company grew to 55 employees in 2018 from just under 30, Thomson detailed.
Startland will have more on this story as it develops.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
2018 Startups to Watch: RFP365 grows its Fortune 500 client base from KC roots
Editor’s note: Startland News selected the top Kansas City firms to spotlight for its annual Startups to Watch list. The following is one of 2018’s companies. To view the full, ranked list of Startups to Watch, click here. Ranking just behind root canals and color-coding a walk-in closet, the painstaking process of managing requests for…
Kansas City startups to watch in 2018
Within Kansas City’s startup community, one question remains as confounding as it is combustible. “What is a startup?” Purists say it’s a disruptive tech firm. Egalitarians maintain the term applies to any early-stage business. Others ask another question: Who cares? The answers — debated in spirited fashion in national media, on Kansas City discussion boards and…
2018 Startups to Watch: Rx Savings Solutions prescribes answer to high drug costs
Editor’s note: Startland News selected the top Kansas City firms to spotlight for its annual Startups to Watch list. The following is one of 2018’s companies. To view the full, ranked list of Startups to Watch, click here. When it comes to U.S. prescription drugs, it appears there’s one certainty: Prices are going up —…
2018 Startups to Watch: Super Dispatch takes shipping partners into the digital age
Editor’s note: Startland News selected the top Kansas City firms to spotlight for its annual Startups to Watch list. The following is one of 2018’s companies. To view the full, ranked list of Startups to Watch, click here. Super Dispatch first delivered its concept to the trucking and hauling industries with professionals and managers adopting…