Truebill said to raise $15m in its Series B to support trip of product launches

Personal finance app Truebill has reportedly raised $15m in its Series B round to support the launch of three new products.

The Eldridge Industries led the investment round with contributions also coming from Evolution VC, Cota Capital, Lucas Venture Group and YouTube co-founder Jawed Karim, according to reports in the media.

With the funds the FinTech is looking to launch its new services for paying bills, monitoring credit scores, and access to the TrueBill Rewards Program.

TrueBill helps users to manage their finances through a mobile app, empowering them to optimize spending, manage subscriptions, lower bills, and track financial wellness. Through the app, a user can easily see their cash, credit and investment balances and see which bills are upcoming.

Subscriptions are also tracked and monthly reports can help a user better identify where their money is going.

Earlier in the year, Eldridge Industries participated in the $74m Series A funding round of computer vision developer Face. The company develops technology solutions for security and surveillance, mobile authentication, access control, and real-world analytics.

Copyright © 2019 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.