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
Report: Kansas City’s VC funding rank improves among Midwest cities
Editor’s note: Brian Matthews is a guest author to Startland News and co-founded Cultivation Capital. Opinions expressed in this commentary are the author’s alone. When assessing the vitality of an entrepreneurial ecosystem, an important factor to consider is the Total Venture Funds Raised by the startups within that city or region. This metric provides an…
Experts weigh in: Why do StartupNames Alwayz Loook Lyke Dis?
At times, it seems like startups are waging war on the English language. From merged words to missing vowels to what appears to onomatopoeia, startup names can be as creative as they are baffling. “It’s almost as if everyone is rebelling against Webster’s dictionary,” said Anita Newton, vice president of marketing at AdParlor. So, what’s…
Events Preview: KC Women in Tech, Lean Lab Happy Hour
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 Winning Federal Research Grants When: Jan. 18, 11:30 a.m. – 2:00 p.m. Where: UMKC SBTDC This introductory seminar explains how…
ECJC offering dozens of entrepreneurial education events in 2017
The Enterprise Center in Johnson County has a jammed packed schedule of over 50 workshops for Kansas City entrepreneurs in 2017. “We are lucky to have the support of dozens of volunteer service providers who take time away from their own jobs and businesses to share their expertise with entrepreneurs,” ECJC vice president of communications…