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
Kauffman honoree examines impact of accelerators on an ecosystem
Over the years, Kansas City has found itself home to several business accelerator programs. From BetaBlox to the Sprint Accelerator, these programs have increased the vibrancy of the area entrepreneurial community in many ways. But recently Kansas Citians had the chance to learn first hand just how much their local network of accelerators have helped…
Events Preview: Innovation Exchange, 1 Billion Bits
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 an event relevant to Kansas City’s entrepreneurial community? Add it to the FWD/KC calendar for increased exposure. Once your…
Lean Lab leaders dissect recent politics spurring U.S. education engagement
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 podcast on equality in education. Each episode showcases a struggle or…
KC Outpost, local charm lures hundreds of SXSW attendees
Kansas City made a splash at the SXSW Conference thanks to a concerted effort to engage thousands mingling in downtown Austin. Led by the Economic Development Corporation of Kansas City, LaunchKC, the Ewing Marion Kauffman Foundation and Husch Blackwell, the KC Outpost welcomed hundreds of people curious to learn more about the area. Featuring speakers,…