# Rocket Money

> Rocket Money is a US personal finance company owned by Rocket Companies. Its app combines recurring-charge detection, cancellation assistance, bill negotiation, budgeting, savings automation, credit insights and net worth tracking. Its paid Premium+ tier adds Rowan, an AI assistant delivered through text messages.

- **Founded:** 2015
- **Headquarters:** Silver Spring, United States
- **Founders:** Haroon Mokhtarzada (Co-founder; founding CEO), Idris Mokhtarzada (Co-founder; founding CTO), Yahya Mokhtarzada (Co-founder; founding chief revenue officer)
- **Products:** Subscription management, Budgeting and spending insights, Bill negotiation, Financial Goals, Credit monitoring
- **Notable:** Rocket Companies completed the acquisition on December 23, 2021, following a $1.275 billion cash deal announcement., Reports more than 10 million members., Reports over 5 million subscriptions canceled on its subscription-management page.

## Products & services

- **Subscription management** — Detects recurring charges in connected accounts; paid members can request concierge cancellations. Some providers still require users to cancel directly.
- **Budgeting and spending insights** — Organizes transactions, tracks spending and supports budgets; paid plans add unlimited categories and advanced editing.
- **Bill negotiation** — Negotiators seek provider discounts. Before November 2, 2026, non-Premium+ users pay 35%-60% of first-year savings on successful negotiations. Terms announce Premium+-only access from that date without a separate success fee.
- **Financial Goals** — Formerly Smart Savings; schedules or automates transfers toward savings targets.
- **Credit monitoring** — Credit score insights, with paid credit-report features through Experian.
- **Net worth tracking** — Combines connected assets and liabilities with manually entered items. The company announced the feature in 2022.
- **Rowan** — AI financial assistant using Anthropic models, delivered through text messages as part of Premium+. Announced August 25, 2026, initially for select subscribers. Actions affecting money require permission.
- **High Yield Savings Account** — Premium+ savings account held by a third-party FDIC-insured bank; APY varies. Rocket Money is not itself the bank.

## Achievements

- Rocket Companies completed the acquisition on December 23, 2021, following a $1.275 billion cash deal announcement.
- Reports more than 10 million members.
- Reports over 5 million subscriptions canceled on its subscription-management page.
- Reports more than $2.5 billion in a combined savings measure, including annualized cancellations, bill-negotiation savings after fees and automated savings deposits; not independently verified.

## Latest updates

- **2026-10** — Terms effective October 2 announce bill negotiation will become exclusively Premium+ on November 2, with existing negotiations and payment plans continuing under agreed fees.
- **2026-08** — Rocket Money announced Rowan, a text-message AI assistant developed with Anthropic, initially available to select subscribers.

## Links

- Website: https://www.rocketmoney.com/
- LinkedIn: https://www.linkedin.com/company/rocketmoney/
- Twitter/X: https://twitter.com/mytruebill
- GitHub: https://github.com/truebill
- YouTube: https://www.youtube.com/@TheRocketMoney
- Instagram: https://www.instagram.com/rocketmoney/
- Facebook: https://www.facebook.com/mytruebill/

---

Profile page: https://yespress.io/rocket-money
Published by YesPress — https://yespress.io
Last updated: 2026-10-25