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
Imagine Argentine: How 10 students hope to transform a KCK neighborhood
It’s about making Argentine better, said Emma Jones and Sergio Garcia. Both middle schoolers are members of Imagine Argentine’s 10-student cohort. The social entrepreneurship program is dedicated to solving social challenges in Argentine, Kansas, said Kurt Reitema, director of justice initiatives for Youthfront, a KC-based youth ministry organization. The cohort meets each day during the…
ECJC unveils new $5M seed fund for regional startups
Kansas City has a new fund targeting Midwest startups. The Enterprise Center in Johnson County is leading a bi-state initiative that’s working to capitalize the $5 million Fountain Innovation Fund. The fund — built by the Midwest Seed Consortium — aims to increase the number and pace of scalable firms by investing in the most…
All-Star voting winners: E-Day at the K celebrates KCSourceLink, its network (Photos)
KCSourceLink’s Entrepreneur Day at the K heralded the work of the support organization’s sprawling network of partners. But the tailgate party at Kauffman Stadium didn’t let founder Maria Meyers go unnoticed. Reading from a proclamation announcement marking Monday as “KCSourceLink Entrepreneur Day” in Kansas City, Missouri, Nathan Kurtz, entrepreneur advocate at the Ewing Marion Kauffman…
Vote now: KCMO competing for spot in accelerator focusing on gender, racial inclusion
KCMO already is a five-star city, Mayor Sly James says, but a new accelerator program could make it even better. “Kansas City’s startup community is growing and innovating, but women and people of color are being left behind,” James says in a pitch video for Living Cities City Accelerator program. A coalition of local organizations,…