Rocket Money

About Rocket Money Rocket Money is a personal finance app that finds and cancels unwanted subscriptions, negotiates lower bills, and automates budgeting for over 10 million members across the United States.

Formerly known as Truebill, the platform was founded in 2015 by three Mokhtarzada brothers and acquired by Rocket Companies (NYSE: RKT) for $1.275 billion in 2021, making it one of the largest fintech acquisitions in the subscription management space.

The app connects to users' bank accounts via Plaid to automatically categorize spending, detect recurring charges, and surface hidden subscriptions that users may have forgotten about.

Rocket Money's bill negotiation concierge contacts service providers on users' behalf to secure lower rates, having saved members over $2.5 billion collectively since launch.

Premium members access autopilot savings goals, unlimited budget categories, real-time balance updates, credit score monitoring, and net worth tracking across all linked accounts.

Banking services are provided through nbkc bank (FDIC member), and all data is protected with AES-256 encryption at rest and TLS encryption in transit, hosted on AWS and Google Cloud Platform.

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