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
Buildings and bus stops: Rebecca Tombaugh paints KC — sometimes with a stick
A lack of clear direction felt liberating as Rebecca Tombaugh unrolled a 12-foot piece of heavy paper in her backyard and got to work, she said. The 59-year-old artist had been tasked with painting a mural of sorts for the Nonprofit Village, a coworking spot that soon would open at 31 W. 31st Street. It’s…
KC-based PatientsVoices pulls $150K in first round of seed capital, additional $75K from MTC
Competing for a spot in a Nashville-based health tech accelerator, PatientsVoices landed its first round of seed capital — with a booster shot from the State of Missouri. A $150,000 innovation grant from Jumpstart Foundry investment group represents a leap forward for PatientsVoices, headquartered in iWerx’s North Kansas City entrepreneurial development center, said founder and…
Beyond buzzwords: Foxtrot Supply mounts protest of an increasingly online-only world
A large butcher block table stands between the owners of Foxtrot Supply Co. and its customers. But the found-object centerpiece of their Crossroads store is meant as a meeting place, not a barrier, said Ryan Hetu. “It’s alluring, inviting and kind of vulnerable,” the Foxtrot co-founder explained. Stitched into the high-traffic fabric of First Fridays…
Peek inside: Made in KC Marketplace offers a glimpse of its new Plaza store (Photos)
Amid the bustle of traffic and construction in one of Kansas City’s most dominant shopping destinations, the Made in KC Marketplace has quietly been taking shape on the Country Club Plaza. The retailer — which specializes in showcasing wares crafted by local makers — opened the doors of its new location with little fanfare this…