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
Pear Deck raises $4M to accelerate its ed tech tool
Fast-growing ed tech firm Pear Deck has plucked a $4 million investment as it plans to expand the use of its student engagement platform. The Iowa City-based firm — which operates a sales and marketing office in Kansas City — raised the capital from Growth Street Partners and existing investors, including Village Capital, Hyde Park…
Olathe-based Metactive lands $1.5M, two medical patents
Olathe-based medical device company Metactive released a pair of positive announcements for the firm. In addition to being awarded two patents, the firm closed on a $1.5 million Series A funding round — bringing its total raised to over $9 million. The round was co-led by the Mid-America Angels and an unnamed investor. Previously, the firm…
Uber exec with KC ties resigns to explore Kansas politics
An Uber executive with strong ties to Kansas City has announced his resignation and return to Kansas. Uber announced Tuesday that Brian McClendon, vice president of maps and business platforms at Uber, would be stepping down from his post as he explores a life in Kansas politics. A University of Kansas graduate, McClendon in January…
Vetrepreneur event Purple Connection taking flight in KC
An event connecting veteran entrepreneurs is making waves in Kansas City. Led by the Veteran Leadership Network and other local organizations, the next the Purple Connection will be held April 12 at the GRID Collaborative Workspaces. Community organizer Jesse Beaudin said this is the third iteration of the event series, and he was surprised by…