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
This Dirt Beast works the soil for $2 an hour; why harvesting joy from his urban farm fills the bag
Rows of peppers, tomatoes, eggplant, and other vegetables now grow where more than a dozen Kansas City lots once sat vacant. The essence of Dirt Beast Farm is seeded in this soil, creating the ecosystem through which Jameson Hubbard has spent nearly a decade turning open land into food, flowers, and a space for neighbors…
CoBuild founder razes his social venture; now he’s banking its mission’s success on a new blueprint
Closing his startup CoBuild was bittersweet for Tate Williams, but the mission that drove the company isn’t going away. Instead, he’s carrying it forward in a new role at the Central Bank of Kansas City. Williams officially shut down CoBuild this January. The construction startup, launched in 2018, had built a reputation for opening doors…
ATHENA honorees: Lifting up the next generation elevates us all; give them a reason to dream
When women lead, communities rise, Dana Foote said, lifting up two ATHENA award winners whose work in Kansas City has created outcomes more meaningful than mere professional success: “the ripple effect of leadership.” “And I see that in the room tonight,” continued Foote, national managing partner of audit operations for KPMG, sponsor of the Greater…
Photos: Folklore transformed this rooftop for one-night; its $100K impact on small biz lasts even longer
A packed rooftop event that started five years ago as a small gathering among friends has grown into a sold-out celebration that not only highlights music, food, and tradition, but also invests back into local nonprofits and entrepreneurs, said Luis Padilla, founder of Folklore and its popular small business grant program. “That balance of culture…