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
WSJ report: Overland Park-based DEG posts $150M exit in deal with Japanese ad behemoth
Top-tier Kansas City digital agency DEG will provide a global advertising giant with an opening into the U.S. market, as well as push the locally-headquartered firm’s reach international, the companies said Tuesday. Dentsu Aegis Network announced the acquisition of Digital Evolution Group (DEG) as part of an effort to transform its existing creative hub, Isobar.…
KCultivator Q&A: Katie Kimbrell pushes reimagined education, equality for women
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by WeWork Corrigan Station, a modern twist on Kansas City office space. MECA Challenge and Startland News are both programs of the Kansas City Startup Foundation, though the content below was produced…
Wild Way mobile coffee shop makes camp for winter in Crossroads warehouse
Winter weather has proven a little too wild for Christine Clutton’s coffee camper, the Wild Way founder said, revealing an indoor, seasonal home for the mobile coffee shop. “We are in a warehouse, but operate in a camper still,” she said of the Wild Way Winter Warehouse space at 708 E. 19th St. “We just…
Get in front of investors: Deadline nearing for InvestMidwest premier venture showcase
InvestMidwest presents more than just an opportunity for startups to pitch to a crowd from outside Kansas City, said Kyle FitzGerald. The event — which spotlights high-growth companies seeking at least $1 million — fosters real investor connections, he added. “It’s the region’s best chance to get in front of a high volume of very qualified…