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
Wide Ruled: The future of Kansas schools with education commissioner Randy Watson
Editor’s note: In partnership with the Wide Ruled podcast hosted by Brainroot Light and Sound, Startland News hopes to offer its audience more avenues to learn about innovators in Kansas City. Opinions expressed in this commentary are the author’s alone. Wide Ruled is a Kansas City-based podcast focused on equality in education. Each episode showcases a…
ScaleUP! KC welcomes 16 new entrepreneurs to the program
On Wednesday ScaleUP! KC welcomed 16 new entrepreneurs into its incubator program’s sixth cohort. To qualify, ScaleUP! companies must be in business for at least two years, generate annual sales of between $150,000 and $750,000 and have the potential to reach to $1 million in sales. Startups from the latest cohort represent industries such as…
KC Digital Drive summits aim to catalyze engagement with tech, innovation
Area non-profit, government and tech leaders are planning to help broaden community involvement in the Kansas City metro’s innovation ecosystem. Organized by KC Digital Drive, the Gigabit City Summit: Local Edition — set for June 16 at Plexpod Westport Commons — will offer an immersive look into high-profile initiatives such as the Smart City effort and…
KC startups join Techstars, Amazon and Kickstarter to support net neutrality
Amazon, Kickstarter, Etsy, Mozilla and other tech giants are planning a “day of action” on July 12 to oppose efforts to undo net neutrality regulations by Federal Communications Commission chairman Ajit Pai. As national momentum grows, the fight for a free and open Internet already has garnered local support. More than a dozen Kansas City-area…