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Promise - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Promise including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Promise company logo

Powerful Technology for Efficient Government

Promise provides a modern payment platform built for government, transforming the payment process for residents.

HeadquartersFairfield, California, US
Team size201-500
Founded2017

What is Promise? - Company Overview & Details

Promise is Promise provides a modern payment platform built for government, transforming the payment process for residents. Founded in 2017, the company is headquartered in Fairfield, California, US.

Who Founded Promise?

Promise is led by CEO Phaedra Ellis-Lamkins.

Who are the Key Executives at Promise? - Leadership Team

Promise is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Promise

Phaedra Ellis-LamkinsCEO

Chief Technology Officer (CTO) of Promise

CTO

About Phaedra Ellis-Lamkins - CEO of Promise

Phaedra Ellis-Lamkins serves as the Chief Executive Officer of Promise, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Promise Company Details & Key Information

Where is Promise located?

Promise is headquartered in Fairfield, California, US.

How many employees does Promise have?

Promise has 201-500 employees.

When was Promise founded?

Promise was founded in 2017.

Promise Official Website

How much funding has Promise raised?

Promise has raised $50M across 7 funding rounds.

Funding Overview

Promise is a financial services technology company that builds payment processing tools for government.

$50M
Total Funding Raised
7
Funding Rounds
N/A
Latest Round

Promise Funding History

Series A
2021-06-26
$30M
Series B
2022-09-01

Who are the key investors in Promise?

Promise is backed by 6 key investors including Kapor Capital, XYZ Ventures, Bronze Investments. These investors focus on sectors.

Promise Investor Overview

6
Key Investors
0
Focus Areas
0
Notable Investments

Complete List of Promise Investors

Kapor Capital

XYZ Ventures

Bronze Investments

First Round Capital

Y Combinator

Howard Schultz

What sectors do Promise investors focus on?

The investors backing Promise primarily focus on sectors.

Featured Investor: Kapor Capital

Kapor Capital

Notable Investments:

What are Promise's future plans?

Promise Promise aims to expand its impact on government services and continue growing.

Promise Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Promise face?

Promise has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Promise

1

Building awareness

2

Scaling operations

What opportunities does Promise have?

Promise has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Promise

1

Expanding partnerships

2

Innovating payment solutions

Promise Strategic Position Summary

Key Focus Areas

Promise is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Promise?

Promise has 2 recent news updates covering key business developments and market activities.

Promise News Overview

2
Recent Articles
Active
Media Coverage
2025-05-22
Latest Update

What is Promise in the news for?

Promise is currently featured in news for Founder Speaks at Founders You Should Know Event and other significant business developments.

Recent News Articles About Promise

Article 1
2025-05-22

Founder Speaks at Founders You Should Know Event

Phaedra Ellis-Lamkins talks about unique aspects of Promise's mission.

Read News
Article 2
2025-05-16

CEO to Speak at San Francisco Showcase

Phaedra Ellis-Lamkins represents Promise at an upcoming showcase.

Read News

Promise FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Promise including information about founders, CEO, funding history, investors, headquarters location, and company details. 17 frequently asked questions covering key information about the company.

Promise Questions & Answers - Company Information

Q1

What is Promise?

Promise provides a modern payment platform built for government, transforming the payment process for residents.

Q2

Who founded Promise?

Promise is led by CEO Phaedra Ellis-Lamkins.

Q3

Who is the CEO of Promise?

The CEO of Promise is Phaedra Ellis-Lamkins. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Promise raised?

Promise has raised a total of $$50M across 7 funding rounds.

Q5

Who are the investors in Promise?

Promise's key investors include Kapor Capital, XYZ Ventures, Bronze Investments, First Round Capital, Y Combinator, Howard Schultz.

Q6

Where is Promise headquartered?

Promise is headquartered in Fairfield, California, US.

Q7

When was Promise founded?

Promise was founded in 2017.

Q8

How many employees does Promise have?

Promise has 201-500 employees.

Q9

What is Promise's official website?

You can visit Promise's official website at https://www.joinpromise.com.

Q10

What was Promise's latest funding round?

Promise's latest funding round was a Series A round of $$30M completed on 2021-06-26.

Q11

Who is founder?

Phaedra Ellis-Lamkins

Q12

What does the company do?

Promise provides a modern payment platform built for government.

Q13

How much funding?

$50M

Q14

Who are the investors?

Kapor Capital XYZ Ventures Bronze Investments First Round Capital Y Combinator Howard Schultz

Q15

What are the challenges?

Building awareness Scaling operations

Q16

What are the opportunities?

Expanding partnerships Innovating payment solutions

Q17

Latest news?

Phaedra Ellis-Lamkins talks about unique aspects of Promise's mission. Phaedra Ellis-Lamkins represents Promise at an upcoming showcase.

More Information About Promise

For additional details about Promise, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.