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
Quickly-growing HipHire to launch app for part-timers
A startup facilitating part-time job placement is finding traction. Launched in 2015, HipHire digitally matches people looking for and offering part-time gigs. HipHire founder Brian Kearns wanted there to be a solution that was “a step up from CraigsList” that the public could rely on to find quality jobs. Kearns said that over 1,000 job matches have…
Events Preview: ECJC series, KC Roundtable
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. Weekly Events Preview January KCDUG Meetup When: Jan. 31, 6:00 p.m. — 8:00 p.m. Where: VML This month Eric Gruber is going to…
Life Equals raises $780K, opens larger West Bottoms office
Health supplement startup Life Equals is the latest firm to outgrow the entrepreneurial hamlet known as the Kansas City Startup Village. Thanks to a growing team, the Lenexa-based company — which sells vitamins and supplement products — is ditching its quaint 900-square-foot office in the village to create a spacious 3,700-square-foot event space in the…
Greitens’ budget cuts ding Missouri, KC entrepreneurship efforts
A series of state budget cuts by Missouri Gov. Eric Greitens will directly impact Kansas City entrepreneurship. The sweeping $146.4 million rollback of the Show Me State’s budget will cut funds from both the University of Missouri-Kansas City’s Free Enterprise Center and Missouri Technology Corporation. Greitens’ plan will cut about $3.3 million from the enterprise…