-82%

est. 2Y upside i

FinTechSeries B

Promise provides a modern payment platform built for government. 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.

Rank

#4227

Sector

GovTech / Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Stale $520M valuation at 18.8x ARR in GovTech where comps trade at 8-10x. 4-year funding gap.

Last updated: March 22, 2026

Bull (15%)+65%

Tyler or strategic acquirer pays ~$750-850M.

Base (55%)-25%

Steady growth, exit $350-420M below Series B price.

Bear (30%)-68%

Tyler bundles; growth stalls; distressed sale $150-200M.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

9%

$48M on $520M (9.2%).

Dilution Risk

moderate

Down round possible if raising.

Secondary Liquidity

limited

GovTech companies have thin secondary.

Engineering 15 roles

Sales 7 roles

Product 6 roles

IT/Sec 2 roles

OCEO 2 roles

Client Success (Call Center) 1 role

Recruiting 1 role

View all 39 open roles at Promise

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Promise's data — designed to show you've done your homework.

  • 1

    Tyler competitive differentiation?

  • 2

    Operating near breakeven?

  • 3

    Pipeline conversion rate?

Community

Valuation Sentiment

Our model estimates -82% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.