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
Anonymous donor makes $50M commitment to KU School of Business; largest gift in school history
LAWRENCE — A hefty anonymous donation is expected to transform business education and research at the KU School of Business, said Paige Fields, noting the $50 million commitment will also provide funds to advance key initiatives supporting undergraduate student success. “This transformative gift supports the School of Business’ ongoing commitment to excellence in research and…
Why the KC Pioneers refuse to stay in their lane; esports league teams with Kansas Speedway for weekend event
First they watched from stadium seats at the speedway, then from pit road. Now the fans-turned collaborators at the KC Pioneers are on track with one of their biggest partners to date: NASCAR. Kansas City’s premiere esports league has teamed up with the Kansas Speedway to bring traditional racing and esports gaming into the same…
Plaza retailers concerned for employee safety after recent shootings, upticks in thefts, harassment at iconic KC shopping district
No business owner should have to deal with ongoing incidents that threaten the safety of their employees and customers, Tyler Enders shared, but that’s the reality for some entrepreneurs on Kansas City’s Country Club Plaza. Employees at Made in KC’s marketplace location on the Plaza were closing up for the night Sept. 2 — the…
Ballerina-turned-entrepreneur’s second act moves older adults to embrace vitality through dance
Dot Burner spent her younger years dancing, taking modern dance classes in college and swaying the evenings away with her late husband. At 93, Burner still loves to dance. She takes part in bi-weekly ballet classes, hosted by Vitality In Motion. “It’s very relaxing,” said Bruner, a Shawnee Hills community member who has been taking Vitality…