Less than a year after securing $17 million through its Series C funding round, personal finance startup Truebill has reportedly raised $45 million through its Series D investment round, led by Accel with participation from Bessemer Venture Partners, Cota Capital, and Eldridge.
Founded in 2015, Truebill explained that it has developed a mobile app that helps consumers take control of their financial lives.
“Truebill leverages AI to analyze users’ spending habits, identify inefficiencies, and take action to ultimately improve their financial health. The app allows people to optimize their spending, manage subscriptions, lower their bills, even set aside money to reach their savings goals.”
According to TechCrunch, Truebill offers several tools to help people living in the U.S. take control of their finances. Truebill’s key app feature allows users to track all subscriptions in one place. Users may also cancel unwanted subscriptions. For cell phone and cable bills, Truebill can negotiate a discount for you. Speaking about the investment, Truebill Co-Founder and CEO, Haroon Mokhtarzada, revealed in a statement:
“More than 10,000 members sign up for Truebill every day seeking to better understand and improve their finances. With this new capital, we’re transforming Truebill into an all-in-one, holistic platform that makes it easy for members to not only manage subscriptions and spending but also optimize their savings and make informed decisions to improve their financial health. Truebill is rapidly becoming the most valuable financial membership for everyday consumers.”