Transaction · Financial Data / Open Banking · 2021

Rocket Companies / Truebill 2021

Rocket Companies acquired Truebill on February 11, 2021.

Target
Truebill
Acquirer
Rocket Companies
Announced
February 11, 2021
Sub-sector
Financial Data / Open Banking

Transaction overview

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

Strategic rationale

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

Deal terms & multiples

Deal value
Not disclosed
Target revenue
$100M
Target EBITDA
Not disclosed
EV / Revenue
12.8x
EV / EBITDA
Not disclosed
Announcement
February 11, 2021
Acquirer
Rocket Companies (Strategic)

Sources

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