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
5 takeaways from Midwest tech investment report
Lead Bank and investment research firm CB Insights recently analyzed the Midwest tech investing scene and distilled their findings into a report. The nearly 40-page report looks at investment trends, performance, major players and more. Here are five takeaways from the report. 1) The Midwest accounted for a small piece of the national tech investment…
As the Royals roll, this KC tech startup wants to develop its future pitchers
A local startup hopes to cultivate the next Wade Davis or Yordano Ventura with the help of its pitching technology. In early 2015, Kansas City-based Precise Play launched its digital pitch analyzer, which the company is selling to baseball academies, schools and private leagues. Precise Play founder Victor Villarreal said that his machine has been…
The WTF Series: Artificial Intelligence
On a daily basis, Ben Kittrell translates the jargon-filled world of technology for clients of his tech consultancy. The Words that Frustrate (WTF) series aims to offer readers some clarity in an industry dominated by techies’ confusing argot. Last week I went to my favorite event of the year, Compute Midwest. The last four years…
Sizzling startup Video Fizz to represent KC in national Techweek competition
After a sizzling summer, Video Fizz is continuing its hot streak with a growing investment round and a chance to win more funding at a national pitch contest. Founded by Laura Steward, Video Fizz in September won a $50,000 grant as part of the LaunchKC pitch competition. Video Fizz, an app that enables collaboration to…