Category: TrueBill

Equity Tuesday: Everyone is raising money at the same time

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

This is Equity Monday Tuesday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here.

We are back from a long weekend here in America. But not break here in the States can stop the flow of global tech news. So, here’s the rundown:

Truebill raises $45 million for its personal finance app

Personal finance startup Truebill has raised a $45 million Series D funding round led by Accel. This comes just a few months after the company raised a $17 million Series C. Overall, the startup has raised $85 million since its creation.

Existing investors Bessemer Venture Partners, Cota Capital and Eldridge Industries are also participating in today’s funding round.

Truebill offers several tools to help people living in the U.S. take control of their finances. One of the app’s key features is that you can track all your subscriptions in one place. Users can also cancel unwanted subscriptions. For cell phone and cable bills, Truebill can negotiate a discount for you.

More recently, the startup has been adding features to turn the app into a financial companion. You can see spending insights, create a healthy monthly budget and track it from the app, view your credit reports and more.

Truebill also lets you put some money aside automatically. The company analyzes your accounts to save some money when you have some money left.

Now, the company is working on a wealth management dashboard that centralizes all your assets and debt. Wealth management is a bit tedious as you need to connect to every single pocket of money otherwise you don’t see the full picture.

“More than 10,000 members sign up for Truebill every day seeking to better understand and improve their finances,” co-founder and CEO Haroon Mokhtarzada said in a statement. "With this new capital, we’re transforming Truebill into an (Read more...)