Oakland based payments company for local governments and utilities raised $20m in Series A funding led by Kapor Capital and XYZ.
"Right now, in America, it is easier to buy a state-of-the-art exercise bike than to keep your water on," said Phaedra Ellis-Lamkins, Founder, and CEO of Promise. "The last year really showcased the depth of inequality Americans in underserved communities face. While we're seeing private companies create interest-free, no-money-down solutions for customers, people struggling with government payments are not offered the same flexibility. Millions of people can't pay their bills and Promise is partnering with the public sector to improve the system."