# Promise

> Flexible, interest-free payment plans for government and utility bills.

## Why it is interesting

Phaedra Ellis-Lamkins' fintech for public-sector collections — $50M+ raised modernizing govt payments.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- a16z portfolio status: Active
- Series B (2022): $25M; government payment-plans platform scaled 32× revenue (TechCrunch)
- a16z listed among investors on company profile (Standout / Promise)

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/first-round

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/promise