RocketMoney

RocketMoney

Rocket Money allows parents to create skill-based challenges to motivate their children to earn real money An allowance with a Purpose. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$1—2m (Dealroom.co estimates Mar 2016.)
Los Angeles California (HQ)
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DateInvestorsAmountRound
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N/A

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N/A

$100k

Angel

$350k

Seed
Total Funding$450k

Recent News about RocketMoney

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Rocket Money, formerly known as Truebill, is a financial technology company dedicated to helping individuals manage their personal finances more effectively. The company operates primarily through its mobile application, which offers a suite of tools designed to simplify financial management for its users. Rocket Money's target clients are everyday consumers who seek to gain better control over their financial lives, reduce unnecessary expenses, and save money.

Rocket Money operates in the personal finance management market, a sector that has seen significant growth as more people look for digital solutions to manage their money. The company's business model revolves around providing a range of financial services, including bill negotiation, subscription management, budgeting, credit score monitoring, and smart savings. These services are designed to help users save money, track their spending, and achieve their financial goals.

The company makes money through a combination of subscription fees and service charges. Users can opt for a premium membership, which provides access to advanced features and personalized financial advice. Additionally, Rocket Money earns revenue by taking a percentage of the savings achieved through its bill negotiation service. For example, if Rocket Money successfully negotiates a lower bill on behalf of a user, the company takes a portion of the savings as a fee.

Rocket Money's mission is to empower people to live their best financial lives. The company prides itself on its member-centric approach, maintaining constant communication with users to understand their needs and preferences. This focus on customer satisfaction is complemented by a commitment to data security, with Rocket Money employing top-tier encryption to protect user information.

In summary, Rocket Money is a comprehensive personal finance management platform that helps users save money, manage subscriptions, track spending, and improve their financial health. It serves everyday consumers in the growing personal finance market, generating revenue through subscription fees and service charges.

Keywords: personal finance, bill negotiation, subscription management, budgeting, credit score, smart savings, mobile app, financial health, user-centric, data security.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.