Transaction · Financial Data / Open Banking · 2021

Rocket Companies / Truebill 2021

Rocket Companies acquired Truebill for $1.3B on February 11, 2021.

Target
Truebill
Acquirer
Rocket Companies
Deal value
$1.3B
Announced
February 11, 2021
Sub-sector
Financial Data / Open Banking

Transaction overview

  • Rocket Companies announced the acquisition of Truebill on February 11, 2021 for $1.3B.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Rocket acquires personal finance platform to expand beyond mortgages into consumer financial management and wealth-building tools.

Deal terms & multiples

Deal value
$1.3B
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
February 11, 2021
Acquirer
Rocket Companies (Strategic)

Frequently asked questions

How much did Rocket Companies pay for Truebill?

Rocket Companies acquired Truebill for $1.3B, announced on February 11, 2021.

When did Rocket Companies announce the acquisition of Truebill?

Rocket Companies announced the acquisition of Truebill on February 11, 2021.

What sub-sector is Truebill in?

Truebill is tracked in the Financial Data / Open Banking sub-sector.

Sources

  • msn.com /en-us/money/other/rocket-companies-buys-truebill-for-1-3-billion-in-latest-fintech-deal/ar-AARZCNV