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
Small Biz Superstars shines light on entrepreneurs in the shadows; Nominations open now
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. Being designated a Small Business Superstar in 2023 provided much needed visibility for The Scented Webb, Victoria Campbell Osborne shared. She credits the program with helping to…
Just funded: Meet nine innovative startups earning critical early funding from Digital Sandbox KC
Proof-of-concept funding from Digital Sandbox KC comes at a pivotal moment for Noonan Caddie, said Matt Williams, detailing plans to accelerate his startup’s technology with the program’s support. “This funding will be instrumental in transforming our MVP into a fully-fledged commercial product, accelerating our speed to market significantly,” said Williams, CEO and co-founder of Noonan,…
2024 Startups to Watch: CodeAlgo Academy gamifies coding to build equity into new wave of software engineers
Editor’s note: Startland News editors selected 10 Kansas City scaling businesses to spotlight for its annual Startups to Watch list. Now in its ninth year, this feature recognizes founders and startups that editors believe will make some of the biggest, most compelling news in the coming 12 months. The following is one of 2024’s companies.…
2024 Startups to Watch: Love Lifesciences injects momentum as region doubles down on healthtech
Editor’s note: Startland News editors selected 10 Kansas City scaling businesses to spotlight for its annual Startups to Watch list. Now in its ninth year, this feature recognizes founders and startups that editors believe will make some of the biggest, most compelling news in the coming 12 months. The following is one of 2024’s companies.…