Promise

Promise provides a modern payment platform built for government.

Stablecoins FintechY Combinator

Latest funding

Series B+ · May 26, 2025

Amount not disclosed in a source on record.

All 3 rounds ↓

Website: promise-pay.com.

LinkedIn: linkedin.com.

Categories: Stablecoins Fintech.

Sectors: Government, Artificial Intelligence, Fintech, GovTech, Payments.

Stage: Series B+.

Based in: San Francisco, United States.

Last round: May 26, 2025 · 535 days ago.

Team: 80 people on the team page.

On Recent Funding since: Sep 28, 2026.

Signals

Website registeredAug 17, 2019 (7 years old)

About Promise

We transformed the inconvenient and time-consuming process of paying down government debt into something that any resident can use. Promise is easy to use on mobile devices, offering all payment methods, in the languages residents speak, and broken down into easier payment plans.

TIMELINE · MILESTONES

Promise | 556 days from website to first raise on record

2 rounds·1 signal before the first raise

One step per dated milestone. Pins are dated signals; hover the icons for dates.

Funding rounds

May 26, 2025
Series B+ · amount undisclosed
Source: fundraisingfox.com
February 23, 2021
Series A · amount undisclosed
KKapor Capital (lead), XXYZ Venture Capital (lead), BBackstage Capital, BBossa Invest, BBronze Investments, FFirst Round Capital, FFlucas Ventures, SSpringbank Collective, YY Combinator
Source: dlvr.it
August 17, 2019
Website created
Winter 2018
YY Combinator · batch
Source: ycombinator.com

Founders and team

PE
Phaedra Ellis-Lamkins Co-Founder, CEO

source: promise-pay.com
DF
Diana Frappier Co-Founder, CLO

source: promise-pay.com
AB
Alex Bores Head of Business Development
DM
Daniel Mintz Product and Data Stuff
JE
Juliet Ellis Head of Utilities
KC
Kevin Costello Project Manager
MS
Michelle Slavich CMO
MR
Mike Rubino Head of Talent

Investors

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Other companies backed by Kapor Capital

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NNoredink$50M Series B+ · Aug 2021
FFront Row EducationPre Seed · Dec 2024

Kapor Capital portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/promise (get a free API key).