FT Partners is pleased to announce our role as exclusive strategic and financial advisor to Truebill on its sale to Rocket Companies (NYSE: RKT) for $1,275,000,000 in cash. Founded in 2015, Truebill is a leading personal finance app that analyzes members' spending habits, identifies inefficiencies, and offers immediate methods to improve their financial health. Truebill currently has 2.5 million members and has doubled its user base in just the last year.
Rocket Companies is a Detroit-based platform company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Loans, and Edison Financial, with a market cap of over $30 billion. The acquisition of Truebill accelerates Rocket's vision to help clients in complex moments. Truebill will deepen engagement with clients and help millions of consumers improve their financial lives.
Please view our detailed profile for additional information on this transaction.