Truebill Raises $45 Million to Expand Personal Finance App

Truebill Secures $45 Million in Series D Funding

Truebill, a personal finance startup, has successfully closed a $45 million Series D funding round. Accel spearheaded this investment, which follows a $17 million Series C raise completed just months prior.

Since its inception, the company has accumulated a total of $85 million in funding.

Investor Participation

This funding round also saw participation from existing investors, including Bessemer Venture Partners, Cota Capital, and Eldridge Industries.

Core Functionality and Services

Truebill provides a suite of tools designed to empower U.S. residents to gain control over their financial lives. A central feature of the application is the ability to consolidate and monitor all subscriptions in a single location.

Users are also empowered to cancel unwanted subscriptions directly through the platform.

Furthermore, Truebill can negotiate potential discounts on recurring bills such as cell phone plans and cable services.

Expanding Financial Capabilities

The startup has recently focused on expanding the app’s functionality to function as a comprehensive financial companion.

This includes features like detailed spending analysis, the creation and tracking of monthly budgets, and access to credit reports.

Automated Savings Features

Truebill also incorporates automated savings tools. The system analyzes user accounts and identifies opportunities to save funds when available.

Future Developments: Wealth Management Dashboard

Currently in development is a wealth management dashboard. This feature aims to provide a centralized view of all assets and debts.

Consolidating financial information from various sources is often complex, and this dashboard seeks to simplify that process.

CEO Statement and Growth Trajectory

“Over 10,000 new members join Truebill daily, seeking to improve their financial understanding and management,” stated co-founder and CEO Haroon Mokhtarzada.

“This new capital will facilitate our transformation into a complete financial platform, enabling members to manage subscriptions, optimize savings, and make informed financial decisions. Truebill is quickly establishing itself as a highly valuable financial resource for everyday consumers.”