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
Serial entrepreneur jumps back into the founder seat with smart online advertising platform
Two years after becoming a twice-exited startup founder, Matt Watson is back at the helm of a new venture: At Capacity — a smart advertising platform geared toward small business owners who offer home services like plumbing, HVAC, and electrical work. Serving as co-founder of At Capacity alongside Meg Stapleton, Watson said the company officially…
TikTok’s favorite moving company pivots to full-time influencer business, growing LGM Boys brand
Kansas City’s highest rated moving company has packed up its operations. The group of friends who started the business — Let’s Get Moving — made the strategic move to pivot their venture to full-time digital content creation. “We started a moving business to help make money to allow us to do what we wanted to…
Teens team with MADE MOBB to raise funds in KC’s Northeast; their tee to support the unhoused was just a start
Vu Nguyen considers MADE MOBB to be a creative hub, he shared. Two of the latest collaborators with Crossroads-based streetwear brand are students at Ryogoku Soccer Academy. “Everybody’s invited,” said Nguyen, who co-founded MADE MOBB — one of Startland News’ Kansas City Startups to Watch in 2023 — in 2013 and owns the business alongside…
Marcell Coffee owners launching ‘Take Care’ retail concept, OLEO brand in Crossroads
The roasting minds behind a successful Kansas City wholesale coffee operation are switching business blends — planning a Crossroads storefront anchored by a new, retail-only coffee brand. Christopher Oppenhuis and Mark Sappington, the founders and owners of the wholesale roasting company Marcell Coffee, are preparing for the fall opening of their first retail concept, “Take…