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
Events Preview: IOTY tonight, Think Big Anniversary
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 Lean Lab Happy Hour When: January 21 @ 4:30 pm – 6:00 pm Where: Sprint Accelerator Join us every month to…
Addressing a market gap, $25M seed fund arrives in Kansas City
Nearly a year after identifying an early-stage funding need in the area, a $25 million seed fund will open a Kansas City office that aims to boost local startups. With a Wednesday night intro at Polsinelli, the Royal Street Investment & Innovation Center will soon move into the Kansas City metro for its second fund. Founded…
Mid-America Angels’ injects $2.8M into nine startups during 2015
The Mid-America Angels, a Kansas City area-based angel investor network, closed 2015 on a high note with more than $2.8 million invested in nine ventures. The 2015 investment total is a near-20 percent increase in capital from 2014’s roughly $2.3 million invested. Rick Vaughn, the MAA’s managing director, said last year also was the most…
An insider’s guide to the 2016 Pipeline IOTY
One of the region’s most highly-esteemed and exclusive events — Pipeline’s Innovator of the Year — is set for this Thursday in Kansas City. Attracting some of the most powerful businesspeople in the Midwest, IOTY is one part pitch competition, two parts black-tie gala and four parts party. It’s a cocktail of entrepreneurial energy, and…