Companies · Fintech

Truebill, Inc.Winter 2016Acquired

Silver Spring · MD, USA · Fintech · refined from filed group “Other Technology · founded 2015 · https://www.truebill.com

Diligence memoA one-page analyst read on Truebill, Inc. — recommendation, valuation, rhythm, risks.
$84.5M
Total raised · real
4
Rounds
2.6×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri May 07 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Truebill, Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.00× the median modeled value of Series C Fintech companies in 2019–2021 (5 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 5.1 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Fintech

Truebill, Inc. is one of 1063 Fintech companies tracked from Silver Spring, MD, USA, on record since 2015. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Live your best financial life

Rocket Money (formerly Truebill) is a leading personal finance app that analyzes members' spending habits, identifies inefficiencies, and offers immediate methods to improve their financial health. It enables people to optimize their spending, manage subscriptions, lower their bills, and automatically set aside money to reach their savings goals. Truebill has saved members more than $100 million since 2016 and is headquartered in Silver Spring, Maryland, with offices in San Francisco. Truebill's mission is to empower people to live their best financial lives. Truebill offers members a unique understanding of their finances and a suite of valuable services that save them time and money - ultimately giving them a leg up on their financial journey. Truebill is backed by Accel, Bessemer Venture Partners, Eldridge Industries, and YCombinator.

Fintech
Find Truebill, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
11
Investors (latest)
2021-05-07
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2018-08-13 Raised $7.6M (real) Modeled valuation $217M (est)$7.6M$217MSeries A2018Series A · 2019-08-19 Raised $15M (real) Modeled valuation $428M (est)$15M$428MSeries A2019Series B · 2020-10-23 Raised $17M (real) Modeled valuation $478M (est)$17M$478MSeries B2020Series C · 2021-05-07 Raised $45M (real) Modeled valuation $1.1B (est)$45M$1.1BSeries C2021+$15M+$17M+$45MCumulative $85M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$7.6M · 2018
Series A extension$14.9M · 2019
Series B$17.0M · 2020
Series C$45.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$1.1B
Base estimate est.
$167.0M
Conservative case
$2.6B
Upside case
$300.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Series A · modeled $217.4M · 2018-08-132018Series A · modeled $427.8M · 2019-08-19Series B · modeled $478.1M · 2020-10-23Series C · modeled $1.1B · 2021-05-072021
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
75%
Survival probability
56% low · 86% high
1.37×/yr
Annual markup
1.57×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$30.9M/yr
Capital velocity
7.9 yr
On record since
2018
First round
4
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 20× above median
This company$84.5M
Sector median$4.3M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.8× of median
This company$45.0M
Sector median$54.7M
Modeled value — vs sector median (estimate, all stages) 25× above median
This company$1.1B
Sector median$45.0M

Raised more than 97% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #3 of 5.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Snapcash lending, INC · Series C Raised $100.0M · modeled $3.2B (est)Lively, Inc. · Series C Raised $117.1M · modeled $1.8B (est)Relay Payments Inc. · Series C Raised $87.7M · modeled $1.1B (est)FamPay, Inc. · Series C Raised $43.1M · modeled $1.0B (est)Truebill, Inc. (this company) Raised $84.5M · modeled $1.1B (est)Truebill, Inc.
CompanyStageRaised · realValue · estvs peer med.
Snapcash lending, INCSeries C$100.0M$3.2B2.90×
Lively, Inc.Series C$117.1M$1.8B1.61×
Truebill, Inc. this companySeries C$84.5M$1.1B1.00×
Relay Payments Inc.Series C$87.7M$1.1B0.94×
FamPay, Inc.Series C$43.1M$1.0B0.94×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$7.6M2018-08-13$34.5M$217.4M90%
Series A$14.9M2019-08-19$67.8M$427.8M90%
Series B$17.0M2020-10-23$94.4M$478.1M90%
Series C$45.0M2021-05-07$300.0M$1.1B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$7.6M2018-08-13
    • First recorded raise — entered as Series A.
    • 53 investors on this round.
  2. Series A$14.9M2019-08-19
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 13 investors on this round.
  3. Series B$17.0M2020-10-23
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  4. Series C$45.0M2021-05-07
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 11 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~11mo cadence
$119.1M
Modeled next size est.range $77.4M$190.6M
2.6×
Last step-up
$30.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Albert Azout5 other2019-08
Haroon Mokhtarzada5 other2018-08
Avneet Pujji2 other2021-05
Ben Malka2 other2021-05
Cesar Lee1 other2018-08
Todd Boehly1 other2019-08
Nathan Niparko2021-05
Yahya Mokhtarzada2018-08
Registry & provenance

Truebill, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1751020
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Relay Payments Inc.FintechSeries C$87.7M$1.1Bsame sector · same stage
SamCart, Inc.Other TechnologySeries C$87.6M$1.8Bnetwork1 shared operator · same stage
MoniepointFintechSeries C$110.0M$924.9Msame sector · same stage
ValuFintechSeries C$63.6M$362.5Msame sector · same stage
Podium Corporation, Inc.FintechSeries C$113.2M$2.0Bsame sector · same stage
AccionFintechSeries C$61.6M$395.7Msame sector · same stage
Lively, Inc.FintechSeries C$117.1M$1.8Bsame sector · same stage
Octane Lending, Inc.FintechSeries C$130.1M$350.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
True Link
Financial Services for Financial Caregivers.
Fintech78%
Rocketrip
Rocketrip helps companies save money on travel expenses by aligning…
Fintech76%
True Payments HoldingsFintechSeries B$732.8M76%
Mine
The AI personal finance company.
Fintech75%
TrueBiz
Instant Background Checks for Businesses
Fintech75%
TrueNorth
TrueNorth gives truckers a single place to manage their business.
Fintech74%
True Link Financial, Inc.OtherSeries A$136.9M74%
Astro Financial, Inc.Other TechnologySeed$80.4M74%
Frequently asked
How much funding has Truebill, Inc. raised?
Truebill, Inc. has raised approximately $84.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Truebill, Inc.'s estimated valuation?
Provath's modeled valuation for Truebill, Inc. is approximately $1.1B (modeled range $167.0M–$2.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Truebill, Inc. at?
Truebill, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri May 07.
What does Truebill, Inc. do and where is it based?
Truebill, Inc. operates in the Fintech sector, based in Silver Spring, MD, USA. Live your best financial life
Explore related

See where Truebill, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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