Rocket Money logo — The smartest way to manage your finances

Rocket Money

The smartest way to manage your finances

Founded 2015 United States Silver Spring, United States 275 employees Series D Total: $84.00M AI, Analytics +5

General Information

Company Name Rocket Money
Founded Year 2015
Location United States Silver Spring, United States +3
Employees 275
Industries AI, Analytics, Education +4
Funding Stage Series D
Social

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About Rocket Money

Rocket Money, formerly known as Truebill, is a leading personal finance app dedicated to empowering individuals to take control of their financial well-being. With a user base of 3.4 million members, the platform provides comprehensive insights into finances, offering services that streamline financial management and generate savings. Members benefit from features such as subscription management, bill reduction, budgeting tools, and automated savings contributions, resulting in a cumulative savings of $245 million and counting. In late 2021, Rocket Money was acquired by Rocket Companies (NYSE: RKT) for a substantial $1.275 billion, aiming to establish a centralized platform for holistic financial management. Following a significant rise in premium memberships in July 2022, the company unveiled its new identity as Rocket Money. Operating on the belief of collective synergy, Rocket Money fosters a collaborative work environment that supports personal and professional growth. The company encourages diverse talent from various industries to contribute to its mission. Notably, the last major investment was a $45.00M Series D funding secured on 01 June 2021, with participation from prominent investors including Bessemer Venture Partners, Accel, Cota Capital, and Eldridge Industries. Rocket Money's commitment to financial empowerment and its successful track record underscore its significance in the finance and technology landscape, making it an intriguing prospect for potential investors seeking opportunities in the evolving financial services sector. For more information, visit www.rocketmoney.com/careers.

Taxonomy: personal finance app, financial management, subscription management, budgeting, savings goals, acquisition, centralized financial management, financial empowerment, savings optimization, data-driven finance, subscription tracking, financial health improvement, Y Combinator-backed

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Series D •••••• 3
Investor Investor Investor
01 Jun 2021
Series C •••••• 5
Investor Investor Investor Investor Investor
12 Nov 2020
Series B •••••• 7
Investor Investor Investor Investor Investor Investor
•••• ••••
23 Oct 2019
Series A •••••• 10
Investor Investor Investor Investor
•••• ••••
03 Oct 2018
Seed Round •••••• 9
Investor Investor Investor Investor Investor Investor Investor
•••• ••••
27 Jun 2016

View All 7 Funding Rounds

Rocket Money Alternatives & Competitors

Rocket Money vs
Ooki
Ooki United Kingdom

A free and secure personal finance app, built to enable people to enjoy lives without financial worr...

5 employees
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Rocket Money vs

Helping our members make the most of their hard-earned money.

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Rocket Money vs

We make it easy for anyone to achieve financial wellbeing.

Series B
61 employees
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FAQ About Rocket Money

The smartest way to manage your finances
Rocket Money was founded in 2015.
Rocket Money is headquartered in Silver Spring, United States.
Rocket Money operates in the following industries: AI, Analytics, Education, Finance, Financial Services, Mobile, Payments.
Rocket Money has approximately 275 employees.
Rocket Money has completed 7 funding rounds, raising a total of $84.00M. The latest funding stage is Series D.
Top alternatives and competitors to Rocket Money include Ooki, Qualstar Credit Union, RiseUp IL, BanqMart, Olivia AI, Inc. (acquired by Nubank). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rocket Money and Ooki are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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