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
Nominations for Techweek 100 list of premier KC innovators close Sept. 9
It’s not a ranking. Techweek 100 celebrates the whole spectrum of individuals and organizations who are impacting the business and technology landscape on a significant scale in cities like Kansas City, organizers said. Nominations close Sunday, Sept. 9. “Honorees include fast-growing technology companies, prominent sector investors, key contributing enablers of the digital ecosystem, those at…
Lenexa teen IDs winning medical solution with Parkinson’s detection tech FacePrint
Stanford University will have to wait. Eighteen-year-old Erin Smith is taking her medical technology venture, FacePrint, on the road. The Johnson County teen has been selected to join two prestigious fellowships to further develop FacePrint, which is a diagnostic and monitoring Tool for Parkinson’s Disease. She’s been tapped for $25,000 from the Davidson Institute for…
Velocity Lee’s Summit gets first big boost from city with $145K innovation investment
A $145,000 allocation for Velocity Lee’s Summit represents the first step in the City of Lee’s Summit getting serious about investing in innovation, said Grant Gooding. “There is a lot of talent in Lee’s Summit and we wanted to give entrepreneurs a place and an ecosystem to foster the development of their businesses,” said Gooding,…
Pure Pitch Rally returning to Techweek with land sharks hungry to invest more than $80K
A frenzy of land sharks ready to bite on startups’ best ideas is gathering at The American restaurant during Techweek to award up to $80,000 in cash and $500,000 in Amazon AWS Activate credits. The one-of-a-kind Pure Pitch Rally event — set for 4 p.m. to 6 p.m. Oct 10 — plays off the hit…