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
Gallery: The 2016 Kansas City Maker Faire
Kansas City creativity was on full display at the 2016 Maker Faire. To learn more about the event, check out this video from Startland News.
Darcy Howe to fellow investors: Embrace 21st century investing
Editor’s note: The opinions expressed in this commentary are the author’s alone. The future of Kansas City entrepreneurship and business looks brighter than ever. And I am really excited! That’s because after helping manage the private wealth of some of the area’s most affluent families for more than 30 years, I’m beginning to see a…
New Kansas City incubator focuses on energy startups
Kansas City now has a new sandbox to play in. Digital Sandbox KC on Tuesday announced the launch of Energy Sandbox. Similar to Digital Sandbox, Energy Sandbox aims to provide proof-of-concept resources to early-stage entrepreneurs — but this time, it will be for startups in the energy sector, rather than tech. Energy Sandbox will partner…
A festival of creativity, the Kansas City Maker Faire inspires yet again
The Kansas City Maker Faire affords an amalgam of ingenuity, nerdom and unbridled creativity What do I mean? Let me paint a picture of the first 20 minutes I spent moseying through Union Station. I waited in line for coffee with Start Wars villain Kylo Ren (ironically he enjoyed a light roast). An affectionate hippogriff nuzzled my…