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
Revamped Sprint Accelerator graduates its first cohort of agriculture, digital tech startups
Now in its fourth year, the Sprint Accelerator on Tuesday held a demo day showcasing the seven companies in its 2017 cohort that recently graduated its program. The cohort represents the first graduating class for the corporate partnership-based accelerator program since it parted ways with Techstars, with which it conducted three years of programming. Thanks…
Steve Case to KC entrepreneurs, investors: You can’t sit back now
To nudge more Kansas Citians off of the sidelines and into its budding entrepreneurial ecosystem, former AOL founder Steve Case spoke Friday to a group of local investors at a luncheon. KCRise Fund managing director Darcy Howe hosted a fireside chat with Case for a crowd of investors, potential investors and entrepreneurs. Case told the…
Events Preview: Sprint Accelerator Demo Day, TechHire KC
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Are you hosting a relevant community event? Feel free to add it to the FWD/KC calendar for increased exposure. Once your event…
Sustainable River Market development project booking tenants with virtual reality tours
Jonathan Arnold believes that choosing quality over quantity doesn’t have to break the bank. In fact, he said it makes great business sense. Arnold, principal at Arnold Development Group, is working to transform modern real estate development with a more sustainable future. “At its heart, sustainable development means doing more with less,” Arnold said.…