Promise
PrivateLast Round
Series B
Feb 24, 2022
Est. Valuation
$520M
Total Funding Raised
$45.24M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Promise is a fintech and govtech company that provides a payment platform designed to streamline government debt management through flexible, humane payment solutions for utilities and government agencies.
Sector
FinTech
Verticals
Digital Payments, Vertical SaaS, Lending & Credit
Business Model
B2G
Customer Profile
Government Contracts, Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Promise Comparables
Compare Promise with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| PayIt | 77% | |
| eCivis | 74% | |
| Catalis | 71% |
Promise Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Feb 24, 2022 | ||||
| Series A | Feb 18, 2021 | ||||
| Accelerator | Mar 20, 2018 | ||||
| Accelerator | Jan 1, 2018 |
Key People
Founding team and executive leadership
Promise Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Backstage Capital | Series A |
| XYZ Venture Capital | Series B, Series A |
| Rocnation | Accelerator |
| Global Village | Series A |
| Gaingels | Series A |
| The General Partnership | Series B |
| Village Global | Accelerator |
Market signals
Structured signals derived from secondary market and firmographic data.
- Mar 1, 2026
State of Florida selected as partner for water assistance funds.
- Mar 1, 2026
Partnered with the State of Virginia for water assistance funds.
Promise Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Promise's valuation, stock price, and market status.
Is PromisePay a public or private company?
PromisePay is a private company.
What is the current stock price of PromisePay?
PromisePay is a private company with no public stock price. No recent secondary market data is available.
How much is PromisePay worth (valuation)?
PromisePay's valuation is estimated at $520.0M based on funding round data.
Can I buy PromisePay stock?
PromisePay shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was PromisePay's last funding round?
PromisePay's most recent funding round was Seed on February 24, 2022.
Who are the main investors in PromisePay?
Key investors in PromisePay include Andreessen Horowitz, XYZ Venture Capital, The General Partnership, First Round Capital, Kapor Capital.
Will PromisePay IPO soon?
No public IPO plans have been announced for PromisePay.
How can I track PromisePay secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor PromisePay's secondary market activity and sign up for updates.