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
‘Shark Tank’ sets stage for Bryght Labs’ new smart play product rollout amid MO funding uptick
Fresh off a successful appearance on “Shark Tank,” Olathe-based connected gaming startup Bryght Labs hopes to capitalize on that exposure to build momentum, said founder and CEO Jeff Wigh. Wigh and co-founder Adam Roush were featured on an episode that aired in December, pitching their product ChessUp, a patented chess board that uses AI technology…
C2FO: $10M investment from Starbucks CEO will unlock $100M in loans to small, diverse businesses
One of Kansas City’s most successful scaling startups announced Tuesday a new initiative — funded by Sheri Schultz and Starbucks CEO Howard Schultz — to provide access to $100 million in working capital for small and diverse businesses. The partnership — designed to use Leawood-based C2FO’s innovative lending approach to deliver flexible, equitable access to…
Small town KS just blocked its new crypto mining neighbor: Why this could be just the start of a rural-tech clash
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. MCLOUTH, Kansas — Parked cars lined Lucy Street in the center of a normally quiet…
Massive new cancer center planned for KCK heralds region’s emergence as a life sciences powerhouse
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. ‘Transformational event of unparalleled impact’ The Children’s Mercy Research Institute stands like a lighthouse…