Leading financial empowerment FinTech Truebill becomes rocket money

“We have been able to help consumers save hundreds of millions of dollars like Truebill, now, like Rocket Money, our members will have easier access to mortgages, real estate services, personal loans and more through a closer connection with our affiliates. ,” so Haroon Mokhtarzada“co-founder and CEO of Rocket Money.

Rocket Companies is focused on being the best at creating security in life’s most complex moments, so that customers can live out their dreams. Truebill, soon to be Rocket Money, builds a relationship with consumers by helping to improve their financial lives. In addition to the core services of canceling subscriptions and creating budgets, Rocket Money will connect to the rest of the Rocket Platform, and enhance the consumer experience by offering the right products at the right time – from a new car to a new home or the ability to power. their home with solar panels.

For the immediate benefit of customers on the Rocket platform, the company will offer a free premium account upgrade for all Truebill members who already have a mortgage operated by Rocket Mortgage. If we go further, all Rocket Mortgages 2.6 million serviced customers will receive a free premium Rocket Money account for as long as the loan lasts. A premium account provides automated subscription terminations, advanced budgeting, full credit reporting, smart savings accounts, online redistribution and many more services.

To provide a streamlined connection to other Rocket services, Truebill has recently added single sign-on options. Consumers who manage their financial lives with Truebill can use the same account they already have for Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto or Rocket Solar. Alternatively, those who are new to the Rocket ecosystem can create an account with Rocket Money, and then use the same account across Rocket.

“In times of high inflation, the services Rocket Money offers become even more valuable to members. The savings that consumers achieve when Rocket Money helps negotiate their bills or cancel recurring subscription fees can make a significant difference when every penny counts,” he said. Jay Farner, Deputy Chairman and CEO of Rocket Companies. “In addition, the relationships we build and the insights we gain through Rocket Money enable Rocket Companies to create tailored experiences for our customers – ensuring that we offer the right products at the right time.”

Truebill was founded in 2015 by the Haroon brothers, Yahya and Idris Mokhtarzada when they realized they were paying for subscriptions they no longer used – and knew they could not be the only ones with this problem. In recent years, the services offered have expanded to become a complete tool for personal financial management.

The Truebill website and mobile app will change to Rocket Money in August. The new brand may begin to appear in marketing, social media and other corporate announcements before the official change. In addition to the name, the rebrand will come with a refreshed design that is in line with other Rocket brands.

Truebill continued its rapid growth, increasing its membership to 3.4 million users from the first quarter of 2022, up 142% from the first quarter of 2021. Among those 3.4 million members, 1.7 million are premium paying members – more than double that number from the 1st quarter of 2021.

The company is currently analyzing $ 80 billion in monthly transaction volume and has saved consumers more than $ 245 million since its inception.

Future-oriented statements

Some of the statements in this document are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are usually identified using words such as “predict,” “believe,” “could,” “estimate,” “expect,” “intend,” “can,” “plan,” “potential,” “” predict, “” project “,” should “,” goal “,” will “,” will “and, in each case, their negative or other different or comparable terminologies. These forward-looking statements reflect our views on future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, estimates, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can provide no guarantee that these expectations will prove to be correct. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond our control, and may result in future events or results being materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors described in the section entitled “Risk Factors” in our annual report on Form 10-K, current reports on Form 8-K and other submissions to the securities and stock exchange. Commission. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in this document and in our SEC archives. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

About Truebill / Rocket Money

Truebill is a leading app for personal finance with the task of giving people the opportunity to live their best financial lives. The company offers members a unique understanding of their finances and a range of valuable services that save them time and money – and ultimately give members a leg up on their financial journey. Members can manage subscriptions, lower bills, build budgets and automatically set aside money to reach their savings goals. Truebill has saved members more than $ 245 million since its inception.

Truebill was acquired by Rocket Companies (NYSE: RKT) in December 2021 and will be Rocket Money in August 2022. The company is headquartered in Silver Spring, Marylandand has an office in San Francisco. For more information, go to Truebill.com.

About rocket companies

Rocket Companies is one Detroit-based FinTech platform company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Amrock, Rocket Auto, Rocket Loans, Truebill, Lendesk, Edison Financial, Core Digital Media, Rocket Central and Rock Connections.

Since 1985, Rocket Companies has been obsessed with helping its customers achieve the American dream of home ownership and financial freedom. The company offers industry-leading customer experiences powered by its simple, fast and reliable digital solutions. Rocket Companies ranked No. 7 on Fortune’s list of the “100 Best Companies to Work For” in 2022, ranking in the top third of the list for 19 consecutive years. For more information, please visit RocketCompanies.com or the Investor Relations website.

SOURCE Truebill