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
Kansas secures $8.2M for digital equity plans; part of Biden’s ‘Internet for all’ initiative
New grant funding is expected to boost efforts to empower Kansans and Sunflower State communities with the digital tools and skills necessary to meaningfully benefit from high-speed Internet service. The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) on Wednesday announced funding pathways for Kansas, Mississippi, North Carolina, Pennsylvania, and Virginia, allowing the…
Made in KC crowns first-ever ‘Maker of the Year’ (plus the local-first retailer’s best new product)
Kansas City’s thriving maker community received a festive boost this holiday season as Made in KC unveiled its first-ever Made in KC Awards — a celebration of creativity and entrepreneurial spirit. The awards highlight more than a dozen standout makers and innovative products, with two big winners — KC New Maker of the Year and…
New KC podcast ‘Beyond the Founder’ explores the human side of entrepreneurship
Founder admits he doesn’t know everything, but getting vulnerable could shed light on the answers Editor’s Note: Startland News serves as the in-kind media sponsor of “Beyond the Founder.” This story was produced independently by Startland News’ staff. For 23-year-old Will Strout, the entrepreneurial journey isn’t just about profit margins and business plans — it’s…
A formal degree in crypto? KC Futures DAO spearheads globe-spanning blockchain education collaboration
A trend-setting new partnership between Kansas City blockchain visionaries, local digital innovation advocates and global thought leaders at the University of Nicosia of Cyprus could bank tech-forward thinkers a new degree of expertise: think a master’s in crypto. The opportunity comes as the KC Futures DAO, KC Digital Drive (KCDD) and the University of Nicosia…