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
Startups, investors on ‘red alert’ as Silicon Valley Bank collapse ripples into new tech downturn fears
Editor’s note: This story was originally published by Missouri Business Alert, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and The Kansas City Beacon. Click here to read the original story. Silicon Valley Bank collapsed in rapid fashion on Friday to become the second-largest bank…
Former C2FO manager creates AI data analyst to usher in a new way of making business decisions
Tyler Amundsen is set on building a future where every professional uses artificial intelligence to make better decisions, faster, he said. “With humans, AI and computers working together, we can achieve truly mind-blowing things, and we’re just at the beginning of it. … We’re at a point in the world where AI can tell whether…
KC, Wichita, Topeka startups earn share of $100K as K-State accelerator spreads prize money across region
MANHATTAN — A demo day with $100,000 on the line culminated in a Kansas City startup leaving the stage with the event’s second-highest winnings. Poshed on the Go earned $23,500 in funding Thursday from the Kansas State University Accelerator program, coming in just behind the grand-prize winner, PillReady, Wichita, with $36,000. The Shawnee-based company is…
Fresh start: Selfie studio goes mobile, reimagining its FOMO factory as a custom experience
Fresh Factory KC is evolving, founder India Wells-Carter shared, embracing change as she re-evaluates where and how her camera-ready venture can help shine the brightest light on Kansas City. After a year and a half in its brick-and-mortar location at the Zona Rosa shopping center, Fresh Factory KC has uprooted and gone mobile, bringing the…