Promise
PrivateLast Round
Series B
Feb 24, 2022
Est. Valuation
$520M
Total Funding Raised
$45.12M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Promise operates in FinTech and is based in San Francisco, California. Its latest recorded funding round was a Series B round in February 2022.
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, Workflow Automation, Compliance & Risk
Business Model
B2G
Customer Profile
Government Contracts, Subscription SaaS
AI Layer
Application
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 |
|---|---|---|
| Repay Holdings Corporation | 81% | |
| PayIt | 77% | |
| Nava PBC | 76% |
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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 |
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Key People
Founding team and executive leadership
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Promise Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Backstage Capital | Series A |
| XYZ Venture Capital | Series B, Series A |
| Rocnation | Accelerator |
| Gaingels | Series A |
| The General Partnership | Series B |
| Village Global | Series A, Accelerator |
| First Round Capital | Series A, Series B, Accelerator |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 9, 2026
Recognized as Y Combinator's #1 GovTech startup.
- Mar 1, 2026
State of Florida selected as partner for water assistance funds.
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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.
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Frequently Asked Questions
Common questions about Promise's valuation, stock price, and market status.
Is Promise a public or private company?
Promise is a private company.
What is the current stock price of Promise?
Promise is a private company, so its shares have no public market price. Caplight tracks Promise's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Promise worth (valuation)?
Promise's valuation is estimated at $520.0M based on funding round data.
Can I buy Promise stock?
Promise shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Promise's last funding round?
Promise's most recent funding round was Series B on February 24, 2022.
Who are the main investors in Promise?
Key investors in Promise include XYZ Venture Capital, The General Partnership, First Round Capital, Kapor Capital, Y Combinator.
Will Promise IPO soon?
No public IPO plans have been announced for Promise.
How can I track Promise secondary market activity?
Caplight tracks bids, offers, and trades in Promise's shares on secondary markets.