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 to host national summit on how to build an entrepreneurial ecosystem
A national summit on how to build an entrepreneurial ecosystem is coming to Kansas City. The Ewing Marion Kauffman Foundation announced Wednesday that it will host the national ESHIP Summit in June of 2017. The invite-only ESHIP Summit will bring together entrepreneurial ecosystem builders, allies and stakeholders from across the nation to collaborate for an economic…
Events Preview: Chat with Victor Hwang, Municipal Innovation
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 Innovation Exchange When: Dec. 14, 4:30 p.m. – 6:00 p.m. Where: Think Big Coworking Rarely are all the facts…
Illness forecaster Sickweather lands local investor, opening KC office
As part of a recent investment round, Sickweather will be returning to familiar stomping grounds to open a Kansas City office. A graduate of the 2014 Techstars-led Sprint Accelerator, Sickweather raised a seed round of an undisclosed value to accelerate sales of its tech that forecasts and maps illnesses for consumers and enterprises. “We’re thrilled…
Entrepreneurial card game Idea Jab spurs creativity in students, startups
Editor’s note: Startland News is continuing its Fund Me, KC segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like Idea Jab co-founders Matt Callegari and Alex Laughlin — to share their stories to gain a little help from their supporters. Back Idea Jab here. Who are…