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
Sports tech founder: Team’s years of work laid groundwork for Forbes 30 Under 30 honor
Being named to Forbes’ 30 Under 30 for sports — alongside athletes like Lamar Jackson, Kyle Kuzma, and Ronald Acuna — adds more fuel to the fire for Austin Barone, the 29-year-old co-founder of Just Play Sports Solutions. “The growth we have experienced over the past few years has been tremendous, so to receive this…
KC Rainbow Tour highlights LGBTQ+ history: You can legislate us, but our stories keep us alive
Kansas City’s LGBTQ+ history is one of its best kept secrets, Joel Barrett said, explaining his journey to share a wealth of local lore with residents and visitors alike. The KC Rainbow Tour — a free, 90-minute self-guided driving tour — uses the VoiceMap app to highlight about 20 destinations with LGBTQ+ significance, including the…
Baller move: With hometown Costco deal taking shape, Mitzi Dulan is getting her own protein-fueled boost — a first paycheck
Mitzi Dulan’s dream of shopping for her SimplyFUEL protein balls at her local Costco has finally come true, she shared: a goal seven years in the rolling. As of Dec. 1, the Midwest region of the wholesale giant — which includes 114 locations in Kansas, Missouri, Ohio, Michigan, Illinois, Wisconsin, Minnesota, Nebraska, Indiana, Iowa, Kentucky,…
‘Those are fighting words’: Why Weston Bergmann won’t stop until ‘The Blox’ changes every challenger’s life
With the largest live-in startup competition now available on Amazon Prime Video, the stakes have never been higher and the potential never greater for “The Blox” — a show where the reality TV format is mined to turn entrepreneur education into entertainment. “The demand to be on the show has exponentially grown, and with it…