Main Monetary Empowerment FinTech Truebill Turns into Rocket Cash

The model change will extra intently align with sister firms Rocket Mortgage, Rocket Properties and Rocket Auto

DETROIT , July 19, 2022 /PRNewswire/ — Truebill, a number one private finance app and a part of Rocket Firms (NYSE: RKT), at the moment introduced it’s going to formally change its title to Rocket Cash in late August. Greater than merely a rebrand, the title will convey Truebill nearer to the opposite companies on the Rocket Firms platform and supply the chance for Rocket Cash to higher assist customers at numerous touchpoints all through their monetary lives.

“We have now been capable of assist customers save tons of of tens of millions of {dollars} as Truebill, now, as Rocket Cash, our members could have simpler entry to residence loans, actual property companies, private loans and extra all by way of a more in-depth reference to our sister firms,” mentioned Haroon Mokhtarzada,” co-founder and CEO of Rocket Cash.  

Rocket Firms is targeted on being the very best at creating certainty in life’s most complicated moments so its purchasers can dwell their goals. Truebill, quickly to be Rocket Cash, builds a relationship with customers by serving to enhance their monetary lives. Past the core companies of canceling subscriptions and creating budgets, Rocket Cash will join with the remainder of the Rocket Platform, enhancing the buyer expertise by providing the precise merchandise on the proper time – from a brand new automobile to a brand new residence or the power to energy their residence with photo voltaic panels. 

For a direct profit to purchasers on the Rocket platform, the corporate will present a free premium account improve for all Truebill members who have already got a house mortgage serviced by Rocket Mortgage. Going additional, all of Rocket Mortgage’s 2.6 million serviced purchasers will obtain a free premium Rocket Cash account for the lifetime of their mortgage. A premium account gives automated subscription cancellations, superior budgeting, full credit score reporting, good financial savings accounts, internet value monitoring and lots of extra companies.

To supply a streamlined connection to different Rocket companies, Truebill just lately added single sign-on capabilities. Customers who’re managing their monetary lives with Truebill can use the identical account they have already got for Rocket Mortgage, Rocket Properties, Rocket Loans, Rocket Auto or Rocket Photo voltaic. Alternatively, those that are new to the Rocket ecosystem can create an account with Rocket Cash, then use that very same account throughout Rocket.

“Throughout occasions of excessive inflation, the companies Rocket Cash gives turn out to be much more worthwhile to its members. The financial savings that customers obtain when Rocket Cash helps negotiate their payments or cancel recurring subscription charges could make a major distinction when each greenback counts,” mentioned Jay Farner, Vice Chairman and CEO of Rocket Firms. “Moreover, the relationships we construct and the insights we get by way of Rocket Cash allow Rocket Firms to create bespoke experiences for our purchasers – making certain we’re providing the precise merchandise on the proper time.”

Truebill was based in 2015 by brothers Haroon, Yahya and Idris Mokhtarzada once they realized they have been paying for subscriptions they have been not utilizing – and knew they could not be the one ones with this drawback. Within the years since, the companies provided expanded to turn out to be a full private finance administration software.

The Truebill web site and cell app will change to Rocket Cash in August. The brand new model might begin showing in advertising and marketing, social media and different firm messaging earlier than the official change. Along with the title, the rebrand will include a refreshed design that aligns with different Rocket manufacturers.

Persevering with its speedy progress, Truebill elevated its member base to three.4 million customers as of the primary quarter of 2022 which is up 142% the from the primary quarter of 2021. Amongst these 3.4 million members, 1.7 million are premium paying members – greater than double the quantity from Q1 2021.

The corporate at present analyzes $80 billion in month-to-month transaction quantity and has saved customers greater than $245 million since its founding.

Ahead Trying Statements

A number of the statements contained on this doc are forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements are typically recognized by way of phrases akin to “anticipate,” “imagine,” “might,” “estimate,” “count on,” “intend,” “might,” “plan,” “potential,” “predict,” “challenge,” “ought to,” “goal,” “will,” “would” and, in every case, their adverse or different numerous or comparable terminology. These forward-looking statements replicate our views with respect to future occasions as of the date of this doc and are primarily based on our administration’s present expectations, estimates, forecasts, projections, assumptions, beliefs and data. Though administration believes that the expectations mirrored in these forward-looking statements are cheap, it may give no assurance that these expectations will show to have been appropriate. All such forward-looking statements are topic to dangers and uncertainties, lots of that are outdoors of our management, and will trigger future occasions or outcomes to be materially totally different from these acknowledged or implied on this doc. It isn’t doable to foretell or determine all such dangers. These dangers embody, however aren’t restricted to, the danger elements which might be described beneath the part titled “Danger Components” in our Annual Report on Kind 10-Okay, Present Studies on Kind 8-Okay, and different filings with the Securities and Trade Fee. These elements shouldn’t be construed as exhaustive and ought to be learn together with the opposite cautionary statements which might be included on this doc and in our SEC filings. We expressly disclaim any obligation to publicly replace or evaluation any forward-looking statements, whether or not because of new data, future developments or in any other case, besides as required by relevant legislation.

About Truebill / Rocket Cash

Truebill is a number one private finance app with the mission to empower individuals to dwell their greatest monetary lives. The corporate affords its members a novel understanding of their funds and a set of worthwhile companies that save them money and time – in the end giving their members a leg up on their monetary journey. Members can handle subscriptions, decrease their payments, construct budgets and robotically put aside cash to succeed in their financial savings targets. Truebill has saved members greater than $245 million since its founding.

Truebill was acquired by Rocket Firms (NYSE: RKT) in December 2021 and can turn out to be Rocket Cash in August 2022. The corporate is headquartered in Silver Spring, Maryland, and has an workplace in San Francisco. For extra data, go to Truebill.com.

About Rocket Firms

Rocket Firms is a Detroit-based FinTech platform firm consisting of private finance and client expertise manufacturers together with Rocket Mortgage, Rocket Properties, Amrock, Rocket Auto, Rocket Loans, Truebill, Lendesk, Edison Monetary, Core Digital Media, Rocket Central and Rock Connections.

Since 1985, Rocket Firms has been obsessive about serving to its purchasers obtain the American dream of residence possession and monetary freedom. The Firm affords industry-leading shopper experiences powered by its easy, quick and trusted digital options. Rocket Firms ranked #7 on Fortune’s listing of the “100 Finest Firms to Work For” in 2022, rating within the prime third of the listing for 19 consecutive years. For extra data, please go to RocketCompanies.com or the Investor Relations Web site.

SOURCE Truebill

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