Rocket Companies today announced an agreement to acquire Truebill, the personal finance app, for $1.275 billion in cash. The deal is expected to close before the end of the year, the company said.
The acquisition by Detroit-based Rocket Cos. adds another fintech services business to its platform, which already consists of tech-driven real estate, mortgage and financial services businesses, including Rocket Mortgage, Rocket Homes and Rocket Auto.
The parent company of Rocket Mortgage continues to expand into the world of all things personal finance. Detroit-based Rocket Companies Inc. on Monday announced it has entered an agreement to acquire Truebill, a Maryland personal finance company, for $1.275 billion, according to a news release. The…
From Crain's Detroit Business: The acquisition of Truebill amounts to Rocket Companies' first venture into the M&A market since its initial public offering in August 2020, raising $1.8 billion.