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
KCK health startup scores $270K to give patients a voice
An area startup is using a recent injection of funds to better provide hospitals with valuable feedback from patients. PatientsVoices, based in Kansas City, Kan., nabbed $270,000 from several organizations to boost its technology that analyzes and distributes information about patients’ experiences. Organizations such as the National Science Foundation, Google and Digital Sandbox KC each…
17 KC entrepreneurs selected to ‘ScaleUP!’
A KCSourceLink program that connects high-achieving entrepreneurs with mentors and resources announced its latest brood of businesspeople. ScaleUp! KC revealed Wednesday a group of 17 Kansas City-area entrepreneurs that hope to kick their businesses into higher gear. The diverse group includes entrepreneurs in such fields as software, transportation, fitness, food and more. It is the…
Kauffman Foundation dishing $2M to programs for entrepreneurs
With a new CEO and revamped strategic plan, the Ewing Marion Kauffman Foundation is bolstering its support of U.S. programs aimed at helping entrepreneurs. The Kansas City-based foundation is allocating about $2 million in grants to tax-exempt organizations expanding programs that are successful in supporting U.S. entrepreneurs. The grants, which will range between $250,000 and…
Mentorship opportunities abound in KC
Those hoping to further their businesses with the help of seasoned professionals need not look far. An array of opportunities await professionals seeking help to find their way through the foggy labyrinth of creating a business. Organizations such as KCSourceLink, which helps startups and small businesses find resources to grow, work to connect entrepreneurs with…