Promise Network Inc. Asset Profile

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Year established

2017

Location

Oakland CA US

Primary Industry

Software

About

Based in the US and founded in 2017, Promise Network Inc is a financial services technology company that provides a modern payment platform built for the government. Phaedra Ellis-Lamkins the CEO and co-founder of Promise Network Inc. The company has raised a total of USD 23 million in funding over 3 rounds. The latest funding was raised on Feb 18, 2021, from a Series A round and funded by First Round, 8VC, Roc Nation, Jay Z, and Y Combinator. Promise Network Inc platform provides automated payment plans as affordability and assistance programs, and creates custom payment arrangements to residents pay off debt faster, the government gets more revenue, and government works better for everyone.

Current Investors

First Round Capital, Kapor Capital, Roc Nation

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Primary Industry

Software

Sub Industries

e-Financial, Credit Collections & Services, Accounting/Finance Software

Website

www.promise-pay.com

Verticals

Cloud Computing, FinTech

Company Stage

Series B

Total Amount Raised

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