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
Radar’s new pitch: How this Kansas sports tech startup spins data into speedier fastballs
When speed is the name of the game, data can be nearly as important as talent, said Jarrod Nichols, emphasizing the role his startup’s radar technology can play in helping baseball and softball athletes measure fastball performance, improve their stats, and swing for the fences. “Pitch speed has been captured since the early ’70s,” said…
Sacred sips: Alcohol-free bar on 39th Street creates healing space where ‘every drink is medicine’
Editor’s note: The following story was published by The Kansas City Defender, a nonprofit Black newsroom producing news, mutual aid and digital tools to keep Kansas City’s Black community informed and organized. Click here to read the original story or here to sign up for The Kansas City Defender’s email newsletter. In a neighborhood built to keep them…
Entrepreneurs say DoorDash accelerator delivered, prepping their small businesses for tall orders ahead
Ten graduates of DoorDash’s 12-week Midwest accelerator gathered Wednesday to celebrate successes from the program, along with lessons they say will last longer than the $5,000 grants each entrepreneur received. “Running a small business is tough work, and it meant so much to receive support from DoorDash and my home of Kansas City,” said Tanyech…
KCK party store’s sales plummet because of ICE fears; It’s not the only business slowed by the crackdown
Editor’s note: The following story was 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. President Donald Trump’s immigration crackdown has many recent immigrants terrified, hunkering down and holding onto their money; That new fear and…