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
Resilience pays off as retail incubator opens doors; Meet the first featured founders at PHKC
Launching a retail incubator in Midtown Kansas City — a physical space targeted for overlooked and under-resourced entrepreneurs — The Porter House KC faced many of the same challenges as emerging small businesses, said Miranda Schultz, but ultimately the effort made it to opening day. “It’s been nice to go through our own trial and…
Pitch prize puts founders closer to building their utopia; How KCMO is backing entrepreneurs who do the right thing
Hearing the personal reasons behind judges’ support for her business at the “Do The Right Thing” social impact pitch competition provides much-needed validation for Utopia Point, said Shereese Hameed-Muhammad. The business — launched by Patricia McCreary and Hameed-Muhammad to redesign the geriatric and disabled care community in Kansas City and beyond — was the overwhelming favorite…
Lawmakers announce $500K federal grant for KC BioHub, tout region’s job creation, innovation
Kansas City’s “top-notch” research capabilities and talented workforce prove the region is ready to lead the country in innovation, said Sharice Davids, revealing news that the local Tech Hubs initiative would receive another $500,000 in federal funding. The award for the Kansas City Inclusive Biologics and Biomanufacturing Tech Hub (KC BioHub) comes less than a…
Innovation Festival returns Aug. 16 with focus on human connections in a surging biotech hub
While the third iteration of BioKansas’ Innovation Festival might initially seem scaled back, said Dr. Kevin Mills, the summer biosciences conference is amping up its emphasis on what makes Kansas City a great biotech hub. “The idea is really to get people with really diverse viewpoints and diverse jobs and careers together to hear from…