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 Rock Island Bridge is turning 3 million pounds of steel into KC’s next entertainment hub
When the in-the-works Rock Island Bridge opens in 2024, the hulking infrastructure renewal project will become Kansas City’s — and America’s — first “destination landmark bridge,” said Mike Zeller. And the effort pointedly capitalizes on one of the metro’s most overlooked assets: its rivers. “We’re maybe the biggest river town in America that hasn’t really…
Building your eco-friendly dream home can be time suck, co-founders say; a new app gives renovators the keys to energy efficiency
KINGSTON, New York — Sustainability shouldn’t just be an add-on for new homebuyers or renovators, said Brad Johnsmeyer, noting recent improvements in technology make critical upgrades to elements like insulation, water heaters, and solar features more financially accessible — but not always approachable to the everyday person. “It’s gotten to the point where it’s almost a…
How a Kansas chocolate shop dips into decades of decadence, creativity for timeless treats
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. TOPEKA — Hazel Hill Chocolate embodies a three-generation family tradition that today applies freestyling innovation to craft custom and award-winning handmade chocolate and confections in the heart of Kansas. “I…
This orthodox priest-turned-indie rock artist has more than a few singles up his sleeve
Writing the lyrics to the next song in his life, Kansas City social entrepreneur Father Justin Mathews is pushing the boundaries of indie rock through a new album and breakthrough single. The debut track “Even the Sea,” released by Mathews’ social venture platform, Not Made By Hands, is out now. A full album — “The…