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
DoorDash Accelerator opens applications to local businesses through KCMO partnership
Independently-owned brick-and-mortar businesses — think restaurants, flower shops, mom-and-pop supermarkets, and more across Kansas City — that partner with DoorDash for deliveries can now apply to join a new-to-KC entrepreneur-focused accelerator, Quinton Lucas announced Wednesday. Up to 10 local businesses are expected to be selected to receive mentorship, professional programming, and funding through the accelerator.…
Meet the winners: Pitch Black competition rewards founders’ vision with $60K in prizes
Founder Godfrey Riddle was overwhelmed with emotion Saturday, he said, after accepting the $30,000 grand prize at the Pitch Black Business Summit — a game-changing development for his sustainable, affordable housing venture, Civic Saint. “I’m feeling phenomenal. Shocked, relieved — just elated,” said Riddle, following the announcement of his win. “It’s crazy because when you…
This young baker tore up the instructions for starting a business (but kept all the best recipes)
Overland Park cookie shop gets a new baker behind the counter, adding a frosted twist to familiar favorites She learned to bake as a child by her grandmother’s side. So by middle school, Maddie Callicott was so proficient she not only held popular bake sales, she printed up business cards for her “You Take the…
Brick by brick: How used LEGOs are making innovation more tangible for KC kids in need
Solopreneur Rhonda Jolyean Hale believes that all children deserve access to play — no matter their circumstances. As the Kansas City ambassador for the Pass the Bricks initiative, she’s working to build that reality by giving new life to donated LEGO bricks. “We take gently used LEGO bricks — not the stuff the dog chews…