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
Web3 conference aims to demystify blockchain, making evolving tech more accessible
The future of blockchain has arrived, said Shekhar Gupta, noting that since the technology first gained mainstream interest, it has proven critical in a wide range of use cases that could help to reshape the world as consumers and innovators know it. “A lot has changed in the last three or four years in the…
KC startup’s assests acquired by InnovaPrep; founder says best partners share ‘niche’ expertise
Clara Biotech was one of the first startups to complete BioTools Innovator’s accelerator in 2021, said Jim West; now the Kansas-built startup’s CEO is fully aboard the entrepreneur-boosting effort as associate director — and with his own company’s exit behind him. West, co-founder of Clara Biotech — which launched first-of-its-kind cancer detection in 2015 from…
Art Garden KC grows maker market from Sunday pop-up to seasonal shopping experience
While unpredictable Midwest weather canceled the outdoor finale of Art Garden KC’s season this weekend at the Berkley Riverfront, the spirit of the maker market will pop up again soon with an indoor event in the Crossroads. Art Garden KC’s Beggars Bazaar — set for 6 .m. to 9 p.m. Friday Nov. 3 — returns…
KU unveils ‘Origin Stories’ of its best-known traditions; project reunites KC artist with her alma mater
LAWRENCE — An installation inspired by a phrase deeply familiar to University of Kansas alumni and fans across the region — “Rock Chalk Jayhawk KU” — is set to be permanently displayed on Mount Oread, diving deep into the origins of the local traditions. “It all began with being interested in the origin stories of…