Truebill - About the company
Truebill is an acquired company based in San Francisco (United States), founded in 2015 by Yahya Mokhtarzada, Idris Mokhtarzada and Haroon Mokhtarzada. It operates as an App-based platform for users to find, track and manage subscription services. Truebill has raised $85M in funding from investors like Accel, Bessemer Venture Partners and Day One Ventures, with last known valuation of $*****. The company has 20 active competitors, including 6 funded and 4 that have exited. Its top competitors include companies like Trim, Ternary and Hiatus.
Company Details
Truebill is an app-based platform for users to find, track and manage subscription services. Once the user sets up accounts, it monitors online statements and sends monthly digests via email to give insights. It alerts users on important events and sends monthly reports highlighting unwanted charges.
- Website
- truebill.com
Key Metrics
Founded Year
2015
Location
San Francisco, United States
Stage
Acquired
Total Funding
$85M in 7 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jun 01, 2021
Ranked
1st among 20 active competitors
Employee Count
172 as on Jul 01, 2024
Exit Details
Acquired by RocketCompanies (Dec 20, 2021)
Legal entities associated with Truebill
Truebill is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ROCKET MONEY, INC CIN: 05886819 , United States, Active | Nov 23, 2015 | - | - | - |
Truebill's acquisition details
Truebill got acquired by RocketCompanies on Dec 20, 2021 at an acquisition amount of $1.28B.
Click here to take a look at Truebill's acquisition in detail
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Truebill's funding and investors
Truebill has raised a total funding of $85M over 7 rounds. Its first funding round was on Mar 2016. Its latest funding round was a Series D round on Jun 01, 2021 for $*****. 4 investors participated in its latest round. Truebill has 25 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Truebill:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 01, 2021 | 7192617 | Series D | 7454177 | 2926990 | 3881633 | 6376417 |
Nov 12, 2020 | 4977716 | Series C | 7561025 | 2227749 | 3059733 | |
Oct 23, 2019 | 5150457 | Series B | 9298406 | 6634740 |
View details of Truebill's funding rounds and investors
Truebill's founders and board of directors
Founder? Claim ProfileThe founders of Truebill are Yahya Mokhtarzada, Idris Mokhtarzada and Haroon Mokhtarzada. Haroon Mokhtarzada and Yahya Mokhtarzada are the CEOs of Truebill.
Here are the details of Truebill's key team members:
- Yahya Mokhtarzada: Co-Founder & CEO of Truebill. They are also an angel investor in 3 startups.Contact Info: 1 email address
- Idris Mokhtarzada: Co-Founder & CTO of Truebill. They are also an angel investor in 1 startup.
- Haroon Mokhtarzada: Former Co-Founder & CEO & Chairman of Truebill.
View details of Truebill's Founder profiles and Board Members
Truebill's employee count trend
Truebill has 172 employees as of Jul 24. Here is Truebill's employee count trend over the years:
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Truebill's Competitors and alternates
Top competitors of Truebill include Trim, Ternary and Hiatus. Here is the list of Top 10 competitors of Truebill, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Truebill 2015, San Francisco (United States), Acquired | App-based platform for users to find, track and manage subscription services | $85M | 53/100 | |
2nd | Trim 2015, San Francisco (United States), Acquired | Savings and expense management platform | $2.2M | 49/100 | |
3rd | Ternary 2020, Claymont (United States), Series A | Provider of cost management services | $20.3M | 48/100 | |
4th | Hiatus 2015, New York City (United States), Seed | Financial tool to manage bills, track spending, and save money | $1.2M | - | 47/100 |
5th | Finovera 2011, Milpitas (United States), Acquired | Provider of electronic billing and payment solutions | $6.11M | - | 46/100 |
6th | Grid 2019, San Francisco (United States), Funding Raised | Bills savings and tax refunds management platform | - | 44/100 | |
7th | WalletFi 2016, Chapel Hill (United States), Acquired | Online platform to manage recurring billing | $340K | 39/100 | |
8th | BillTrim 2016, Houston (United States), Seed | Bill negotiation service that lowers, monitors, and autopays your bills | $150K | 37/100 | |
9th | Blip Labs 2015, New York City (United States), Seed | API-enabled bill payment solution for consumers | $2.1M | 37/100 | |
10th | CoPatient 2012, Boston (United States), Series A | Provides health care expense management including medical bill review and negotiation services | $5M | 33/100 |
Looking for more details on Truebill's competitors? Click here to see the top ones
Truebill's Investments and acquisitions
Truebill has made no investments or acquisitions yet.
Reports related to Truebill
Here is the latest report on Truebill's sector:
News related to Truebill
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Henry AI Raises $4M in Seed FundingFinSMEs•Feb 20, 2025•Henry AI, Susa Ventures, 1Sharpe, RXR and 14 others
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Detroit’s Rocket Cos. Debuts Fintech Platform Rocket MoneyDbusiness•Jul 20, 2022•Truebill, RocketCompanies
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Rocket acquires personal finance app Truebill in $1.275B dealInman•Dec 21, 2021•RocketCompanies, Truebill
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Truebill Reportedly Secures $45 Million Through Series Investment Round Led By AccelCrowdfund Insider•Jun 01, 2021•Truebill, Cota Capital, Bessemer Venture Partners, Eldridge Industries and 1 other
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D.C.-area fintech raises $17M as it plans new features, hiring spreeThe Business Journals•Nov 12, 2020•Truebill, Bessemer Venture Partners, Day One Ventures, Eldridge Industries and 2 others
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Truebill Raises $15M in Series B FundingFinSMEs•Oct 23, 2019•Truebill, Eldridge Industries, Evolution Venture Partners, Cota Capital and 3 others
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Truebill raises $5M Series A to be a financial advocate for MillennialsVator•Oct 03, 2018•Truebill, Cota Capital, Social Capital, Day One Ventures and 8 others
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With limited resources, Truebil's first workforce included interns and freshersYourStory•Jul 27, 2018•Truebill
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