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
Balancing disruption: Proposal might ban big parts of KC from short-term rentals
Feb. 22 update: After a robust, 40-minute conversation Thursday, the full Kansas City Council voted 7-4 to pass a proposed ordinance that would prohibit short-term rentals in residential neighborhoods zoned as R-7.5 and R-10. Voting yes: council members Scott Wagner, Heather Hall, Dan Fowler, Lee Barnes, Jr., Alissia Canady, Scott Taylor and Kevin McManus. Voting…
MADE’s Heartbreak Kids splits design silence on tension with Charlie Hustle
Streetwear is about making a statement, Vu Radley said, and the Heartbreak Kids collection says more than words alone could express. “It’s an attitude. Pushing out statements without censoring yourself,” said Radley, co-founder and creative director for MADE Urban Apparel. “We say it how it is in our designs.” For the Heartbreak Kids capsule, which…
Want a globally competitive KC? Look beyond smart city ‘bling,’ Digi.City founder says
The U.S. has a lot of catching up to do, said Chelsea Collier, founder of Digi.City. It’s not quite doomsday, but Collier wanted to express a sense of urgency, she said Friday during a Smart Metro Summit at Plexpod Westport Commons. Cities need to get smart — fast — or the United States will continue to…
Techstars’ Lesa Mitchell: Non-sexy sectors are ripe for disruption
Editor’s note: The opinions expressed in this commentary are the author’s alone. In the process of looking for a new crop of companies to invest in on behalf of Techstars Kansas City, I thought I should highlight the type of companies I think are undervalued and critical to our economy. In 2017 we invested in…