About PromisePay
PromisePay is a Government & Social Sector company based in Oakland (United States) founded in 2017 by Phaedra Ellis-Lamkins. Payment processing solutions for government bill collections are provided. It operates in the Government & Social Sector and Financial Services sectors. PromisePay has raised $51 million across 4 funding rounds from investors including Rocnation, First Round Capital and Kapor Capital. Its website promise-pay.com draws about 131 thousand monthly visits. PromisePay offers products and services including PromiseRelief, PromisePay, and PromiseVerified. Its focus areas include FinTech, Payments, Business Payments and Bill Payments. Its legal entity is PROMISE NETWORK INC. Its competitors include Aventiv Technologies, Judicial Innovations and PayGOV.
Company details
PromisePay was founded in 2017 and is based in Oakland, United States. Solutions for payment processing and collections are offered to government organizations, such as utility providers, tax institutions, law enforcement departments, and parking authorities. Online payments are facilitated through credit and debit cards, bank transfers, and additional methods within the fintech sector focused on public sector needs.
- Headquarters Oakland, United States
- Founders Phaedra Ellis-Lamkins
- SectorsGovernment & Social SectorFinancial Services
- Website category Jobs and Career · Human Resources
- Email••••••••
- Phone•••• ••••
- Website promise-pay.com
- Social LinkedIn X
- Legal Name Promise Network Inc.
- Total Equity Funding$51M (USD)
in 4 rounds
- Latest Funding Round$25M (USD), Series B
Feb 2022
- InvestorsRocnation
& 9 more
Products & Services of PromisePay
PromisePay offers a comprehensive portfolio of products and services, including PromiseRelief, PromisePay, and PromiseVerified.
Automates programs for efficient relief distribution and eligibility processing.
Enables flexible, interest-free plans to recover revenue and reduce debts.
Streamlines accurate income checks for faster support delivery.
Funding Insights of PromisePay
PromisePay has successfully raised a total of $51M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in February 2022. 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 $51M
- Total Rounds 4
- Last Round Series B — $25M
- First Round $3M
(Feb 2018)
- Investors Count 10
All 4 funding rounds of PromisePay 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 |
|---|---|---|---|---|---|
| Feb 2022 | $25M | Series B | – | General Partnership | |
| Feb 2021 | $20M | Series A | – | Kapor Capital, XYZ Venture Capital | |
| Mar 2018 | $3M | Series A | – | First Round Capital | |
| Feb 2018 | $3M | Seed | – | – |
10 investors in total: 8 institutional and 2 angel.
Investors in PromisePay
PromisePay has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Rocnation, First Round Capital and Kapor Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused seed and early-stage VC firm | firstround.com | San Francisco, United States | ||
Seed stage venture capital firm investing in US | kaporcapital.com | Oakland, United States | ||
Investments are directed by Bronze Venture Fund into multiple sectors. | bronze.vc | San Mateo, United States | ||
Investments in early-stage companies are managed by XYZ Venture Capital. | xyz.vc | San Francisco, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital firm investing in technology, life sciences, and related sectors. | 8vc.com | |||
Provides software development, CRM, ERP, and cloud services solutions. | 2019 | genpartsoft.com | Kyiv, Ukraine | |
Provider of entertainment services across music and sports | 2008 | rocnation.com | New York, United States | |
HS Howard Schultz | Former Starbucks CEO, angel investor, focused on consumer and tech startups. | unknown_a7cd596d009b4daea | ||
SJ Shawn Jay-Z Carter | unknown_09825ab1dc634e3e8 |
Investor details for PromisePay
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.
People of PromisePay
21 people are tracked at PromisePay (10 in leadership, 1 in board & advisors, 10 in team).
| Name | Role | Group |
|---|---|---|
Phaedra Ellis-Lamkins | Co-Founder | Leadership |
Brendan Berg | Head Of Architecture | Leadership |
Evan Marshak | Chief Technology Officer | Leadership |
John Blessing | Chief Information Security Officer | Leadership |
Olivia Man | Chief Financial Officer | Leadership |
Katherine Ward | Chief Of Staff | Leadership |
Zack W. | Chief Of Staff | Leadership |
Donna Tao | Chief Financial Officer | Leadership |
Jason Richardson | Chief Delivery Officer | Leadership |
Juliet Ellis | Head Of Utilities | Leadership |
Diana Frappier | Co-Founder | Board & advisors |
Kennedy Russ | Client Success Associate | Team |
Jessica Wamala | Principal, AI Systems & Public Benefits | Team |
Abigale Diviak | Administrative Assistant | Team |
Max Friedman | Analytics Engineer | Team |
John Scarpulla | Utilities | Team |
Deep Sabharwal | Forward Deployed Engineer | Team |
Mohammed Nadeem | Information Technology Specialist | Team |
Maggie O. | Financial Contractor | Team |
Savanna Y. | Software Engineer | Team |
1 more people are available in the full profile.
Complete people profiles for PromisePay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PromisePay
3 dated milestones of PromisePay across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PromisePay is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $25.0M.
Competitors of PromisePay
PromisePay has 3 listed competitors in our database. They include Aventiv Technologies, Judicial Innovations and PayGOV.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aventiv.com | 2004 | Dallas, United States | Online money management and payments platform for individuals and businesses | |||
| judicialinnovation.com | 2019 | Atlanta, United States | Web-based payment solutions for government courts and agencies are provided. | |||
| paygov.us | 2007 | Indianapolis, United States | Facilitates online and mobile payments for taxes, utilities, and government fees. |
Detailed competitors of PromisePay
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.
Web traffic of PromisePay
The website of PromisePay (promise-pay.com) receives about 130.8K visits a month and ranks #253,824 among all websites worldwide, #3,669 in Human Resources.
- Monthly visits130.8K
▲ 1% vs previous month
- Unique visitors54.9K
per month
- Global rank#253,824
among all websites
- Category rank#3,669
Jobs and Career · Human Resources
- Bounce rate54%
- Pages per visit3.8
- Average visit1 min 55 sec
- DevicesDesktop 14% · Mobile 86%
Websites whose visitors overlap most with PromisePay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| youtube.com | 100% | 30.4B | #2 | View details |
Top companies in GovTech
3 companies that operate in the same segment as PromisePay (GovTech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Axon is focused on developing public safety technology solutions. | 1993 | Scottsdale, Arizona, United States | USD 2.78 B | 4,100 | ||
Administrative tools and civic engagement platforms are provided to governments. | 1999 | San Ramon, California, United States | USD 235.62 M | |||
Cloud-based software for visualizing municipal financial data is provided. | 2012 | Redwood City, California, United States | USD 182.12 M | USD 2.39 M | 90 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Promisepay
Complete news archive for PromisePay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PromisePay
PromisePay was founded in 2017 and raised its 1st funding round 1 year after it was founded.
PromisePay is headquartered in Oakland, United States. It is registered at Oakland, California, United States.
PromisePay is a funded company, having raised a total of $51M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Feb 2018.
PromisePay was founded in 2017 and is based in Oakland, United States. Solutions for payment processing and collections are offered to government organizations, such as utility providers, tax institutions, law enforcement departments, and parking authorities. Online payments are facilitated through credit and debit cards, bank transfers, and additional methods within the fintech sector focused on public sector needs.
PromisePay's top competitors include Aventiv Technologies, Judicial Innovations and PayGOV.
PromisePay offers PromiseRelief, PromisePay, and PromiseVerified.
PromisePay has 10 investors. Key investors include Rocnation, First Round Capital, Kapor Capital, Bronze Venture Fund, and XYZ Venture Capital.
PromisePay operates through Promise Network Inc..
The website of PromisePay receives about 131 thousand visits a month and ranks #253,824 among all websites worldwide.