PromisePay

Private

Oakland, CaliforniaFinTechwww.promise-pay.com

Last Round

Seed

Nov 19, 2024

Est. Valuation

$520M

Total Funding Raised

$48.12M

Company Overview

Promise. is a fintech company that offers a payment platform aimed at providing a humane alternative to pretrial incarceration while streamlining the process of managing government debt through flexible solutions.

Sector

FinTech

Verticals

Digital Payments, Vertical SaaS, Lending & Credit

Business Model

B2G

Customer Profile

Government Contracts, Subscription SaaS, Revenue Share, Services & Consulting, Payment Processing Fee

AI Layer

Non-AI

Keywords

government payment platformGovTechflexible payment plansutility payment platformrevenue recoverybenefits distributionB2Gpublic sector paymentsvertical SaaSCIS integrationcollections softwareincome verificationaccounts receivable automationB2B2Cgovernment contracts

Historical Pricing

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Caplight Momentum Score

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PromisePay Comps

Public and private peers based on sector, stage, and business model.

Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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PromisePay Funding Rounds

Historical fundraising activity

Round	Date	Amount Raised	Valuation	Investors	Sources
Seed	Nov 19, 2024
Series B	Feb 24, 2022
Series A	Feb 18, 2021
Seed	Mar 19, 2018
Pre Seed	Jan 1, 2018

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Key People

Founding team and executive leadership

Jacob Sills

Office Of The CEO

Executive Team

Evan Marshak

Chief Technology Officer

Executive Team

Donna Tao

Chief Financial Officer

Executive Team

Olivia Man

Chief Financial Officer

Executive Team

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PromisePay Investors

Notable investors and investment history

Investor	Rounds
Andreessen Horowitz	Seed
Backstage Capital	Series A
XYZ Venture Capital	Series B, Series A
Rocnation	Seed
Global Village	Series A
Gaingels	Series A
The General Partnership	Series B

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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.

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PromisePay Filings

SEC and related filings with document metadata.

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PromisePay Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about PromisePay's valuation, stock price, and market status.

Firmographic Details

HeadquartersOakland, California

Employee Range231

Year Founded2017

Last FundingNov 19, 2024

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