Truebill, a Washington D.C. – based personal financial management platform, secured $15m in Series B funding.
The round was led by Eldridge Industries with participation from Evolution VC, and many of its existing Series A investors including Cota Capital, Lucas Venture Group, and Jawed Karim, the co-founder of YouTube.
The company intends to use the funds to launch three new products this fall: Bill Pay, Credit Scores, and a Truebill Rewards Program and evolve to become a comprehensive platform for people to understand, manage, and improve their financial health.
Founded in 2015 by Haroon Mokhtarzada, Chief Executive Officer, Truebill provides a solution for personal financial management. The app analyzes users’ 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, set aside money to reach their savings goals.
The new products Launching this fall are:
– Bill Pay: The ability to view bill PDFs and easily pay your bills within Truebill from one central place.
– Credit Scores: View, track, and monitor your credit score and credit report from the Truebill app.
– Truebill Rewards Program: A rewards program that increases savings bonuses based on behavior.
The company also has another office in San Francisco.