About Promise Financial
Promise Financial is a company based in Hoboken (United States) founded in 2014. It operates as a B2C. Promise Financial has raised $3.83 million across 4 funding rounds from investors including LibreMax. Promise Financial operates in a competitive market with competitors including Maroo and Swanluv, among others.
- Headquarter Hoboken, United States
- SectorsFinancial Services
- Website promisefinancial.com
- Social X
- Total Equity Funding$3.83 M (USD)
in 4 rounds
- Investors
Funding Insights of Promise Financial
Promise Financial has successfully raised a total of $3.83M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.8M
- Total Rounds 4
- First Round $1.1M
(07 Oct 2014)
- Investors Count 1
All 4 funding rounds of Promise Financial with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 06 May 2016 | – | Debt – Conventional | – | – | |
| 05 May 2016 | $1.5M | Seed | – | – | – |
| 09 Nov 2015 | $1.3M | Seed | – | – | – |
| 07 Oct 2014 | $1.1M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Promise Financial
Promise Financial has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include LibreMax.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | libremaxcapital.com | - |
Investor details for Promise Financial
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Promise Financial
3 dated milestones of Promise Financial across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Promise Financial is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Debt – Conventional,.
Competitors of Promise Financial
Promise Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Maroo and Swanluv, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| maroo.us | 2020 | New York, United States | $3.8M | – | Payments platform built for weddings and events industry. | |
| swanluv.com | 2015 | Seattle, United States | – | – | Online platform for sports betting, slots, and casino games. |
Detailed competitors of Promise Financial
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Promise Financial
10 companies that operate in the same segment as Promise Financial (Healthcare Financing Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operates an online platform for personal loans to individuals. | 2018 | Hyderabad, Telangana, India | – | USD 76.96 K | – | |
A conglomerate with diversified interests in property and finance. | 1963 | Kuala Lumpur, Malaysia | – | USD 465.74 M | – | |
Offers an app-based platform for accessing personal loans. | 2019 | India | – | – | – | |
Private equity firm investing in tech innovations and startups in India and South-East Asia. | 2015 | Singapore, Singapore | – | – | – | |
Financial and technology solutions are provided for the agricultural industry. | 2014 | Oregon City, Oregon, United States | USD 200 K | – | – | |
Hosts a digital marketplace to facilitate healthcare financing solutions. | 2016 | Pune, Maharashtra, India | USD 618.76 K | USD 143.8 K | 9 | |
Hosts a digital marketplace for healthcare loans. | 2017 | Delhi, Delhi, India | USD 818.41 K | USD 89.47 K | – | |
An online platform specializing in gold loans for quick and secure lending services. | 2018 | Gurugram, Haryana, India | – | USD 5.65 M | 611 | |
Serves as a loan comparison platform for users. | 2019 | Gurugram, Haryana, India | – | USD 291.22 K | 5 | |
Provides financing for exercising ESOPs with tax-efficient, hassle-free loans. | 2021 | Andheri, Maharashtra, India | USD 1.49 M | USD 258.3 K | 1 |
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Frequently Asked Questions about Promise Financial
Promise Financial was founded in 2014.
Promise Financial is headquartered in Hoboken, United States. It is registered at Hoboken, New Jersey, United States.
Promise Financial is a funded company, having raised a total of $3.83M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.08M, raised on Oct 07, 2014.
Promise Financial an online lending platform focused on providing wedding loans through offering financial products and advice, facilitating loans and financing, online financing, and specialized loans. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Promise Financial has 1 investor. Key investors include LibreMax.