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
KC’s first Black-owned brewery could open within weeks; Here’s how its debut lager could land in your hand even sooner
Vine Street Brewing’s long-anticipated opening is nearly here, said Kemet Coleman, teasing a late March first pour for the taproom and brewhouse space, which sits adjacent to the city’s historic jazz district. “It’s crazy to see something that for so long has been just an idea in our minds starting to become real,” said Coleman,…
Fashion meets cannabis: This KS-engineered, on-the-go rolling station blocks odors, makes smoking prep safer
Missouri voters legalized it; now cannabis accessories can cleanup in a newly de-stigmatized market A Kansas City cannabis lifestyle brand hopes this month’s legalization of recreational marijuana sales in Missouri will spark new interest in its products designed for on-the-go cannabis users, said Mohamed Dia. Gopack Station markets itself as “fashion meets cannabis,” said Dia,…
Parade brings champion Chiefs home to the masses after Super Bowl win (Photos)
Confetti fell and hometown spirits rose Wednesday as the world champion Kansas City Chiefs returned from a stunning fight that earned them — and an estimated 1 million or more of their closest friends — the right to party. The Chiefs’ Super Bowl win over the Philadelphia Eagles — the team’s third overall — marked a…
What does the NFL Draft mean for KC? 10 FAQs about the biggest nonsport sporting event in America
Editor’s note: This story was originally published by The Kansas City Beacon, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and Missouri Business Alert. Click here to read the original story. Football excitement in Kansas City won’t be over once the confetti gets vacuumed up…