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
FEWDM drops high-tech fitness devices, pivots to workout apparel
Not every promising startup venture can keep the ball moving toward the end zone. It’s a lesson FEWDM founder Tommy Saunders says he’s blessed to have learned — despite the bittersweet turn for the former Detroit Lions receiver’s company. “We have a strong brand that our customers connect with and have grown to love,” Saunders…
Fund Me, KC: Bow Blast KC soft combat offers adrenaline-pumping fun
Editor’s note: Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. If you or your startup is running a crowdfunding campaign, let us know by contacting news@startlandnews.com. Who are you? My name is Jason McCarthy, Owner of Bow Blast KC. What’s your product? We are a mix of dodgeball,…
CubeMonk lauded at forefront of disruptive blockchain cryptocurrency revolution
Momentum is building for Kansas City-based CubeMonk — and the blockchain cryptography platform behind it is poised to go further than most people can even imagine, said Todd Haselhorst. “You’re talking about a wave of innovation the likes of which we’ve never seen before,” said Haselhorst, CEO and co-founder of CubeMonk. “If the internet was…
Happy holidays: Three startups receive Digital Sandbox funds
They might not be wrapped with a bow, but Digital Sandbox KC has delivered three gifts to area startups ahead of the holidays. The proof-of-concept incubator program is dishing grants to TradeLanes, Hungry? and MusicSpoke — three startups that aim to revamp their respective industries with innovative technologies, said Jeff Shackelford, director of Digital Sandbox.…