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
Who’s who of KC tech industry on Techweek 100 list
If you’ve ever worked in the Kansas City tech industry, chances are you know dozens of the faces appearing on the Techweek 100 list. Featuring such figures as Sprint CEO Marcelo Claure and Think Big Partners Managing Director Herb Sih, the list “identifies leaders who have made a significant impact on the technology and innovation…
Education innovation puts KC on the map
Kansas City and education don’t always receive positive press, but this week, the tides have changed. Kansas City is one of 27 “education innovation clusters” worldwide recognized by digital publication Education Week. Included for multi-district efforts to improve education, Kansas City was recognized by Education Week in particular for partnerships among the Ewing Marion Kauffman Foundation, Think…
Events Preview: Forward to the Future, Brews & Big Ideas
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 Disruption Institute Demo Day When: August 13 @ 6:00 pm – 8:00 pm Where: The Disruption Institute This Kansas City code school is…
What’s a ‘smart city’ and why should KC care?
Aaron Deacon, managing director of KC Digital Drive, was instrumental in forming the Kansas City area’s Digital Playbook in 2012, which aimed to capitalize on the opportunity afforded by Google Fiber. His organization works on tech projects to boost Kansas City’s economy and is hosting a fundraising bash to further that mission. Smart phones. Smart…