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
Fund Me, KC: ULAH asks Kansas City to help save Westwood menswear store as pandemic debt looms
Startland News is continuing its long-running “Fund Me, KC” series to highlight area entrepreneurs’ efforts to accelerate their businesses or lend a helping hand to others. This is an opportunity for business owners and innovators — like menswear retailers and trendsetters Joey Mendez and Buck Wimberly — to share their crowdfunding stories and potentially gain…
These 15 KCMO projects just got a $19M+ boost; funding focused on inclusive community investments
A pair of high-profile projects at 18th and Vine — restoring the Boone Theater and its Kansas City jazz legacy, along with transforming the long-vacant Workhouse Castle into a boutique hotel — offer just a few notes from a chorus of just-funded redevelopment initiatives aimed at buoying small business and tackling challenges in Kansas City’s urban core.…
Meet 7 startups just funded to turn potential into Kansas City-built tech innovation
The latest crop of Digital Sandbox KC companies — earning up to $20,000 in project funding for their concepts — are poised to make significant impacts within their industries, said Jill Meyer, noting a through-line from digital health to AI-powered construction and fantasy sports solutions. “These exciting innovations show some great promise, and we’re honored…
Cosmo Burger brings its mouth-watering tots, boozy milkshakes to East Crossroads’ bustling streets of eats
Bringing Cosmo Burger to the Crossroads required cousins Atit and Jugal Patel to cook their plans to perfection, serving up the brand’s first full-service brick-and-mortar location after years of trial by griddle. The result: a beefed up version of the owners’ original concept in one of the city’s most popular dining and entertainment districts. “This…