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
LaunchKC, the $500K grant competition, opens applications
The popular LaunchKC grants competition is back for more and is now accepting applications. LaunchKC — which attracted nearly 500 applicants in its inaugural 2015 competition — dishes out 10, $50,000 non-dilutive grants to tech entrepreneurs from around the globe. “We are searching for the best and brightest startups or early stage technology businesses to apply…
Police offer behind-the-scenes insight on Royals’ World Series parade
It’s November 3, and the Kansas City Royals have just won the World Series after a surprisingly short five games. The last time the Royals brought home a trophy that size was 1985. Fans are ready to party — a crazy, once-every-30-years kind of party. How does a police department ensure the safety of an…
Video: Witness a high-tech response to mock active shooter situation
Kansas City Police on Thursday hosted a live demonstration of a high-tech, drone-enabled response to a mock active shooter situation in Kansas City. The event, which was part of the inaugural Smart City Tech Summit, featured such public safety tools as gunshot detection tech, drones, social media monitoring, data analytics and more. Here’s a video recap of the…
Events Preview: #OneDayKC
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 #OneDayKC When: April 1 @ 8:00 am – 8:00 pm Where: Kauffman Foundation At #OneDayKC, college and high school students this day…