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
‘Volatile times’: C2FO targets capital access to businesses rattled by global tariff disruptions
Companies — especially small businesses with limited banking options — need liquidity during times of global economic uncertainty, said Sandy Kemper, detailing C2FO’s fruitful efforts to meet growing demand for fast capital amid unpredictable tariff-related disruptions. Kansas City-based C2FO funded $18 billion through its global working capital platform to businesses worldwide during the first quarter…
KC BizCare receives $20K grant to promote economic mobility ahead of 2026 World Cup
A sixth-month initiative to rapidly boost small businesses and entrepreneurs in Kansas City is expected to help KCMO leaders drive readiness for the massive influx of FIFA World Cup visitors in summer 2026. The National League of Cities (NLC) this week awarded Kansas City a $20,000 grant and expert guidance to promote economic mobility in…
Why a rival baseball icon joined the roster for this KC museum’s big league upgrade
Baseball hall of famer Reggie Jackson values the 18th and Vine district’s rich history, he said Wednesday, but the Yankees icon known as “Mr. October” by fans across the globe is even more excited about what the Kansas City cultural hub’s future holds. “If I can be a part of that, I’m absolutely thrilled to…
GEWKC submissions open: Organizers seek community-sourced ideas for fall event series
One of Kansas City’s largest interactive educational experiences for entrepreneurs is inviting community members to drive the conversation when Global Entrepreneurship Week returns in November. Festivities are set for Nov. 17-22 at Union Station in Kansas City. The GEWKC event series’ programming is crowd-sourced through submissions from community members and organized by KCSourceLink. Selected concepts…