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
How Chateau Avalon’s owner transformed a former bank into this Mint condition events venue
A former Bank of America building in Johnson County has been reimagined as an 18,000-square-foot bank-themed venue with a nod to the site’s rich financial history, said Steve Beaumont. “For 50 years, this has been a financial institution on this corner,” said Beaumont, describing the in-the-works setting off 95th Street in Lenexa. “We knew we…
Crossroads collaboration brings booch on tap, kegs, mocktails to MO’s (new) biggest kombucha taproom
Brewer’s Alley in the East Crossroads is getting a new kind of taproom, Kortney Lee and Lisa Bledsoe shared. In a freshly bottled collaboration, Tea-Biotics Kombucha opened Missouri’s largest kombucha taproom Friday in the former home of Community Groceries Crossroads Market. “Beer is brewed; Kombucha is brewed, as well,” said Lee, who owns Community Groceries…
Crowdfunding platform for small businesses launches local hub for KC entrepreneurs
Editor’s note: KC BizCare is a partner of Startland News. A newly announced partnership with the international non-profit Kiva is expected to boost Kansas City entrepreneurs who have had difficulties securing traditional bank loans — offering access to social underwriting and affordable starting capital. Kiva Kansas City (Kiva KC), a crowdfunded microloan program for small businesses,…
Digital Sandbox KC secures $450K to support startups’ prototyping, proof-of-concept needs
As Digital Sandbox KC marks its 10th year in 2024, the popular funding program — and a key marker of emerging success for young tech startups in Kansas City — has earned a new round of financial backing from the State of Missouri. Spread over three years, a $450,000 MOBEC (Missouri Building Entrepreneurial Capacity) project grant…