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
Developers’ plan for massive West Bottoms investment stirs fear in some neighbors
Editor’s note: The following story was originally published by CityScene KC, an online news source focused on Greater Downtown Kansas City. Click here to read the original story or here to sign up for the weekly CityScene KC email review. SomeraRoad’s ambitious proposal to transform a sleepy section of the West Bottoms into a “dynamic” mixed-use district has strong…
How a historic Roman Catholic private school became ‘the queerest hotel in Kansas’
With its claim to fame as the first incorporated city in Kansas, Leavenworth is a hidden treasure of historical sites, said Ilan Salzberg, but its significance does not end within its past, as the vibrant town has still so much to offer. “Leavenworth is a really cool town that I think commonly gets overlooked. People…
Give yourself permission to pause the hustle; injury prompts serial entrepreneur to get grounded
Trauma from a brain injury after an auto accident last fall left Joy Broils downshifting her Type A personality and ambitious drive to a few hours of work each day, the entrepreneur said. The incident, however, prompted her to slow down and focus on a new startup idea: Hustle & Ground, a monthly subscription box…
Go Topeka launches ‘Kansas Innovation Dealroom’ to track startup ecosystem growth
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. WICHITA…