About
Rocket Money (formerly Truebill) finds and cancels unwanted subscriptions, tracks spending, and negotiates bills. Acquired by Rocket Companies for $1.275B in cash (Dec 2021). YC W16. Had 2.5M members analyzing $50B monthly transactions at acquisition. Premium membership unlocks auto-savings and budgets. Rebranded to Rocket Money Aug 2022.
Key Facts
- [1]Funding: Total funding: $85M. Last round: Dec 2021. Stage: Growth.
- [2]Employees: Employee count: 201-500.
- [3]Acquisition: Acquired by Rocket Companies.
- [4]Company Type: Acquired company.
- [5]Website: Official website: rocketmoney.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: Americas (United States).
Founders
Haroon Mokhtarzada
Co-founder & CEO
Yahya Mokhtarzada
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Rocket Money (Rocket Companies)?
Rocket Money (formerly Truebill) finds and cancels unwanted subscriptions, tracks spending, and negotiates bills. Acquired by Rocket Companies for $1.275B in cash (Dec 2021). YC W16. Had 2.5M members analyzing $50B monthly transactions at acquisition. Premium membership unlocks auto-savings and budgets. Rebranded to Rocket Money Aug 2022. Rocket Money (Rocket Companies) is classified in the Enterprise Finance segment at the Applications layer of the financial AI stack.
Who founded Rocket Money (Rocket Companies)?
Rocket Money (Rocket Companies) was founded by Haroon Mokhtarzada (Co-founder & CEO) and Yahya Mokhtarzada (Co-founder & CTO). The company was acquired by Rocket Companies.
How much funding has Rocket Money (Rocket Companies) raised?
Rocket Money (Rocket Companies) has raised $85M in total funding, placing the company at the Growth stage. The most recent round closed in Dec 2021. Among 79 funded Enterprise Finance companies, Rocket Money (Rocket Companies) ranks #33 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Rocket Money (Rocket Companies) use?
Rocket Money (Rocket Companies) primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Enterprise Finance segment, 58 companies use this technology.
What market segment does Rocket Money (Rocket Companies) operate in?
Rocket Money (Rocket Companies) operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is Rocket Money (Rocket Companies) headquartered?
Rocket Money (Rocket Companies) is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Rocket Money (Rocket Companies)'s competitors?
Companies similar to Rocket Money (Rocket Companies) in the Enterprise Finance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Rocket Money (Rocket Companies) offer?
Rocket Money (Rocket Companies) builds applications-layer solutions for the financial services industry. The company's core offering: AI finds and cancels unused subscriptions. The platform is powered by Predictive ML technology.
Is Rocket Money (Rocket Companies) publicly traded?
Rocket Money (Rocket Companies) is no longer independently traded. The company was acquired by Rocket Companies. Prior to the acquisition, Rocket Money (Rocket Companies) had raised $85M in venture funding.