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
Her book helps kids understand football; how this 9-year-old scored her first literary field goal
Editor’s note: The following story was originally published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. For more stories like this one, subscribe to Up To Date on Spotify. Burkley Hoover has published her first book at the…
11 airport questions land answers: What to expect from the new KCI terminal
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. KC’s new terminal promises a completely different user experience Construction of a gleaming new…
At 13, he begged his mother to let him cook; now this Blue Valley teen runs a creperie on wheels
Last Christmas, Karizma Nola and his family took a trip to Colorado where they came across the most unforgettable crepes, he recalled. This holiday season, Nola has a spatula in hand as he shares his own culinary passion with Kansas City. “I’ve always thought about being an entrepreneur; I just didn’t expect it to happen…
KC startup Pepper secures deal to create new IoT platform with investment from Comcast
The merging of a homegrown IoT startup’s tech and a corporate innovator’s existing smart property management system is expected to accelerate growth for Kansas City-built Pepper, said Scott Ford. The companies on Wednesday announced Pepper and Notion — Comcast’s insurtech business unit — had joined to create a new IoT and smart home platform that…