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: Vets2Ventures & Startup Grind
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 Monthly Happy Hour When: August 20 @ 4:30 pm – 6:00 pm Where: Harry’s Bar & Tables Join us every third Thursday of the…
LaunchKC cuts applicant field to 100 grant finalists
An international grant competition that will welcome 10 new tech firms to Kansas City has cut a few hundred companies from its field of applicants. LaunchKC — which aims to attract 10 tech firms to relocate to KC with $50,000 grants — notified 100 finalists of the competition on Wednesday via an email. Judges identified…
UMKC kicks off high-impact entrepreneur speaker series
The University of Missouri-Kansas City’s Bloch School is hosting a bevy of successful area entrepreneurs to offer lessons and insights. UMKC’s “First Wednesdays” series will kick off this fall, aiming to offer area residents and students the chance to network and learn from some of Kansas City’s brightest business minds. The university’s first event is…
Scholarship courses available to KC entrepreneurs
Entrepreneurs and aspiring business owners in Kansas City, Mo., can now tap a variety of scholarship opportunities to help their ventures grow. The Urban Business Growth Initiative is offering scholarships to three courses this fall that hope to assist Kansas City business owners develop their vision, test market viability and more. Some scholarships are worth…