Promise: This Next Billion-Dollar Startup Founder Is Helping People Pay Their Bills...

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Kofi Bilal Mahmud

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Wow:  

Phaedra Ellis-Lamkins - Promise

Phaedra Ellis-Lamkins built Promise into a $520 million powerhouse by helping municipalities and utilities collect unpaid bills with zero-interest payment plans. For Promise cofounder and CEO Phaedra Ellis-Lamkins, treating with respect people who are struggling financially is what it’s all about. A 48-year-old Black woman who grew up on welfare and worked as a labor organizer in her 20s, Ellis-Lamkins also did stints as a nonprofit executive and pop star Prince’s business advisor before she turned her focus to helping folks pay their bills. But Promise is not a charity or a nonprofit. Instead, Ellis-Lamkins is out to prove that a fast-growing, venture-backed company can be successful without being exploitative. “We’re all trying to use capitalism to do things we believe in,” Ellis-Lamkins says. Read the full story on Forbes: https://www.forbes.com/sites/amyfeldm... Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more

https://en.wikipedia.org/wiki/Phaedra_Ellis-Lamkins

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For Promise cofounder and CEO Phaedra Ellis-Lamkins, treating with respect people who are struggling

Phaedra Ellis-Lamkins - Promise

financially is what it’s all about. A 48-year-old Black woman who grew up on welfare and worked as a labor organizer in her 20s, Ellis-Lamkins also did stints as a nonprofit executive and pop star Prince’s business advisor before she turned her focus to helping folks pay their bills.

But Promise is not a charity or a nonprofit. Instead, Ellis-Lamkins is out to prove that a fast-growing, venture-backed company can be successful without being exploitative. “We’re all trying to use capitalism to do things we believe in,” Ellis-Lamkins says.

Read more: https://trib.al/tjwcKBf
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