PayIt announces $100M+ funding round from single investor

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.