TrueBill was founded in 2015 in San Francisco. The company operates an app that helps users eliminate unwanted charges from their bank accounts, including recurring subscriptions, retrieve funds for power and service outages, and hidden bank fees.
The company takes 40% of the savings they find for you. So if the app saves you $100, you will receive $60 and the company receives $40.
If the company cannot save you any money, you pay nothing.
The company also plans to offer automated bill paying, budgeting, automatic saving plans, and bill negotiation.
While there are many other apps that offer similar services, each of the other programs is set to do one thing. TrueBill aims to offer an all-in-one service.
As of October 2019, the company had 500,000 active subscribers.
Also in October 2019, TrueBill opened a new corporate office in Maryland.
TrueBill maintains its corporate office in Silver Spring, Maryland.