Company Information

Get to know Promise Card

Promise was founded by Phaedra Ellis-Lamkins and Chris McLernon to address the challenges people face when paying government debt and the difficulties governments have in collecting it. The company provides a technology platform that enables governments to offer interest-free, customizable payment plans, making it easier for residents to pay what they owe over time. This approach aims to increase government revenue collection, reduce the negative consequences of non-payment (like license suspensions or utility shut-offs), and provide a more humane and efficient system for both parties.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Promise Card

Nigeria

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.