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
Artist who won rare Jayhawk licensing deal — scoring a $150K payday — set to rebound
Seemingly routine for many Kansas fans, crimson and blue are once again among the colors flooding the canvas of the 2019 NCAA tournament. But for artist Megh Knappenberger, the Jayhawks’ familiar palate has painted an entrepreneurial journey with as thrilling ups and downs as Big 12 basketball, she said. “It’s a pretty special and unique…
Cloud platform Packet opens KC office after $25M funding round in New York
New York-based Packet’s newly established Kansas City office is expected to take full advantage of the area’s wealth of tech talent, said Ihab Tarazi. “There is actually a very good technical base in Kansas City — so here’s validation of that,” said Tarazi, chief technology officer at the cloud infrastructure firm committed to “building a…
Fast track Missouri Hyperloop: Bipartisan support for 670-mph travel builds speed
It isn’t just a pipe dream. The arrival of bipartisan state and federal support for high-speed, cross-region travel means the much-anticipated Missouri Hyperloop project continues to shoot forward, Ryan Weber said. “For businesses, this could be a huge opportunity to create a new industry, attract new businesses and leverage a much larger workforce,” Weber, KC…
Skip restaurant lines (and downloading another app) with text-based ordering
In an increasingly automated world, American consumers are experiencing app exhaustion while continuing to need innovative solutions to address daily pain points like waiting in lines at their favorite restaurants, said Eric Tucker. “People are tired of downloading apps,” said Tucker, founder of KC-based Digital Baron, which delivers Skip, an app-less mobile and pay platform.…