Truebill is a fintech startup that develops a mobile app that helps consumers take control of their financial lives. It is the first platform that allows users to find, track and manage their subscription services and recurring bills.
Truebill leverages AI to analyze users’ spending habits, identify inefficiencies, and take action to ultimately improve their financial health.
Truebill was founded in 2015 by Haroon Mokhtarzada, Yahya Mokhtarzada, & Idris Mokhtarzada. The company is headquartered in San Francisco, California.
Truebill makes it easy to optimize your spending, manage subscriptions, lower your bills, and stay on top of your financial life.
Truebill’s primary service allows users to securely connect and scan their bank transactions to identify paid subscriptions like Netflix, AT&T and gym memberships, and request Truebill to cancel unwanted services on their behalf.
Truebill currently has 500,000 active users. The basic product is free, then users can pay a price of their choosing for premium features like custom budget categories; Truebill also takes a cut of the savings when it negotiates lower bills.
Truebill is backed by Y Combinator, Eldridge Industries, Evolution VC, Cota Capital, Lucas Venture Group and YouTube co-founder Jawed Karim among others. The company raised $15M from a "Series B" financing on Oct 24, 2019. This new round brings Truebill's total funding to $21.9M to date.