ROCKET COMPANIES TO ACQUIRE TRUEBILL, ADDING RAPIDLY EXPANDING FINANCIAL EMPOWERMENT FINTECH TO THE ROCKET PLATFORM
Rocket Companies, the Detroit-based platform company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced it has entered into an agreement to acquire Truebill, the leading personal finance app that helps consumers manage every aspect of their financial lives, for $1.275 billion in cash.
Truebill has quickly become the choice for consumers looking to live their best financial lives by managing subscriptions, improving credit scores, tracking spending and building budgets in a simple, easy-to-use app. The company also renegotiates bills on its clients’ behalf – saving them as much as 20 percent on services including cable and telephone bills.
