Truebill has secured $17 million through a Series C investment round in order to help it with growing from a subscription management service to a complete personal financial management (PFM) app.
Truebill’s round was led by Bessemer Venture Partners. Eldridge, Cota Capital, Firebolt Ventures, and Day One Ventures also took part in the firm’s latest round. Truebill has raised a total of $40 million until now
It was established in 2015, Truebill has also helped more than a million individuals with saving over $100 million by identifying and cancelling useless subscriptions. The company has helped individuals with lessening their monthly payments and bills. It has helped customers with obtaining refunds on fees and various other charges.
Truebill will be using the funds raised to increase its operations. The company will introduce new features that will allow users to keep track of their net worth. Truebill is also planning to provide a “smart” savings tool and a debt payoff product.