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
Their designs are so unique they’re one-of-one; ‘slow fashion’ duo turns thrift store finds into runway-worthy fits
A Kansas City couple’s upcycled fashion brand is making waves, as thousands of social media followers — and some high-profile names — have taken note of the company’s repurposed “one-of-one” clothing pieces. The passion project of co-founders Jared Armstrong and Caylin Willis, Yvonne and Mitchel takes clothing materials from thrift stores and reimagines them into…
New Kauffman CEO begins her ‘journey of impact’ with renewed focus on Kansas City
Editor’s note: The Ewing Marion Kauffman Foundation is a financial supporter of Startland News. Work within Kansas City to inspire education and entrepreneurship has a ripple effect across the region, said Dr. DeAngela Burns-Wallace; and the Ewing Marion Kauffman Foundation is doubling down on its commitment to the Kansas City community under her new leadership. …
This one-day competition builds more than apps, organizers say; Hack Midwest aims to reveal what humans are capable of creating
Kansas City’s largest app building competition is set to return in September — with more than 300 software engineers competing in teams for a piece of $22,500 in winnings. Hack Midwest, which began in 2012, brings together developers for a 24-hour “hackathon,” during which the teams race against the clock — and each other — to…
Island vibes getaway: ‘Lei Away’ festival to showcase tropical flavors in landlocked KC
Kansas Citians won’t have to leave the city to enjoy a tropical escape during Labor Day weekend. The freshly announced Lei Away festival is expected to bring the spirit of the islands to the plains. “We are highlighting all the wonderful things that are tropical-centric in Kansas City, which is ironic because it’s so landlocked,”…