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
Novel City Ventures preps accelerator launch for worldwide socio-economic impact
A new accelerator in Kansas City is planning to spur change at a global scale through its inaugural cohort of mission-driven organizations. The Novel City Chamber of Innovation announced this week it has launched the Novel City Ventures Accelerator to fuel the next wave of disruptive thinkers and entrepreneurs. Beginning on Oct. 23, the 12-week…
Back2KC effort attempts to bring Kansas City expatriates home to an emerging innovation hub
A first-of-its-kind event is drawing successful Kansas Citians who’ve left the region “Back2KC” Thursday and Friday for a hands-on glimpse at the city’s evolving innovation economy, Darcy Howe said. As managing director of the KCRise Fund — a co-investment fund that works with venture capital investors to support early-stage Kansas City companies — Howe saw…
Artist Vi Tran to KC-based innovators: Wipe ‘local’ label from your vocabulary
Some roots are best left behind, but not forgotten, said multi-faceted Kansas City artist Vi Tran. Others are worth holding close. Speaking at Startland’s recent Innovation Exchange, the actor, playwright, musician and owner of The Buffalo Room decried the idea that innovators who choose to stay in places like Kansas City are any less worthy…
The not-so-secret Sauce behind KC hip hop entrepreneur’s success: Authenticity
Royce “Sauce” Handy wears his influences and inspiration like pins on the outside of his well-worn jean jacket. The KCK-born hip hop entrepreneur embraces his identity: A collector of Goosebumps books. A student of history. A fan of 1990s family sitcoms. And he’s unapologetically black. His lips twist into a smile and his eyes brighten…