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
Sprint Mentor Network triples its impact with local startups
More than 20 Kansas City founders are hoping to boost their businesses with a mentor program tapping a wealth of corporate experience. Now in its fourth year, the Sprint Mentor Network kicked off its program in July to support and accelerate startups by building relationships with corporate executives. The program is hosted at the Sprint…
Events Preview: KCVR Hackathon
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW The Lean Lab Friday Pitch Event When: July 8 @ 4:00 pm – 5:00 pm Where: Sprint Accelerator Every Friday, each team…
Continuing its hot streak, PayIt wins national pitch contest
Government tech startup PayIt is on a roll. Only weeks after a earning a commendation from Amazon, the Kansas City-based firm recently won a national pitch competition as part of the annual United States Conference of Mayors. PayIt’s mobile and web app that streamlines citizens’ financial interaction with government agencies beat out dozens of other…
Virtual reality hackathon to visualize next-generation ed tech tools
Move over, gamers, virtual reality isn’t just for you anymore. Kansas City will soon host its first-ever virtual reality hackathon, and it’s all about classroom education. The Kansas City Virtual Reality club — which brings together the area’s virtual reality enthusiasts — is challenging virtual- and augmented-reality aficionados to create applications that can help educators…