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
Trio of KC healthtech startups wrap NXTUS competition; Marma scores pilot project
WICHITA — Companies working to improve Kansans’ health and community growth momentum across the state just completed an eight-week competition in hopes of developing collaborative relationships to scale alongside new regional partners. Three Kansas City startups were among a cohort of 10 finalists — drawn from global innovation hubs to participate in the NXTSTAGE Community Health…
KU Innovation Park launches Oread Angel Investors network to boost Jayhawk startups
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. LAWRENCE — A newly announced angel investor network is expected to support high-growth tech and bioscience startups linked to the University of Kansas, said Adam Courtney, opening greater access to…
10 emerging makers compete for cash prizes; AltCap, Strawberry Swing team up for fall showcase
Editor’s note: The following story was originally published by AltCap, an ally to underestimated entrepreneurs that offers financing to businesses and communities that traditional lenders do not serve. Amid the historic charm of Alexander Majors Barn, 10 Kansas City-area artisans stepped into the spotlight as AltCap and Strawberry Swing teamed up to host the Emerging…
MidxMidwest returns: Seizing opportunities from one-on-one founder-VC meetups more important than ever, organizers say
It’s a critical time within the startup funding ecosystem, Dan Kerr and Maggie Kenefake agreed, noting the slow tick of investments across the region present a core challenge — and opportunities — to be addressed by this fall’s MidxMidwest event. “If you look at capital, 80 percent went to the biggest three states again, and…