This appointment of Rampell, along with the recent addition
of CEO Varun Krishna to the Board,
furthers the Company's fintech and AI-driven vision.
DETROIT, Feb. 1, 2024
/PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company
including mortgage, real estate and other financial services
businesses, today announced that Alex
Rampell has been appointed as an independent director to the
Company's Board of Directors.
Rampell currently serves as General Partner at Andreessen
Horowitz, focusing on fintech investments. A noted serial
entrepreneur, he cofounded many tech-driven financial companies
including Affirm, one of the largest businesses in the rapidly
growing 'buy-now-pay-later' space, which went public in early 2021.
He also cofounded TrialPay, a transactional advertising and
payments company serving some of the world's largest digital goods
and e-commerce clients, which was acquired by Visa in 2015. Most
recently, Rampell has been an advocate of the responsible use of
artificial intelligence (AI), forecasting that generative AI will
usher in significant transformation and disruption in the financial
services space.
"Alex possesses a rare and remarkable perspective on the
intersection of technology, finance and emerging trends. For nearly
three decades, he has been creating tech products that simplify the
payments and financial processes for a number of large companies,"
said Dan Gilbert, Founder and
Chairman of Rocket Companies. "One of the world's leading experts
on artificial intelligence, he is also a highly sought-after
consultant for many successful businesses. As Alex joins our Board,
I look forward to his insight and having his influence on our
business as we continue pursuing our mission of AI-powered
homeownership."
Varun Krishna, Rocket Companies
CEO, also joined the Board of Directors in December 2023. With more than 20 years of
experience, Varun brings a wealth of knowledge and perspective into
the fintech space. Now, combined with the addition of Alex Rampell, Rocket Companies has significantly
bolstered its product and fintech expertise to complement the
skills and experience of the existing Board.
"When I heard Varun speak about the AI tools Rocket is creating,
and the massive amount of data at their fingertips, I was simply
blown away. The impact that Rocket can have for North Americans who
are working toward their dream of homeownership is monumental,"
said Rampell. "I'm looking forward to working closely with
leadership and the Board to learn even more about how we can make
Rocket the leader in using AI to simplify the process of buying,
selling and financing homes."
Rampell is a tech visionary who has been a software engineer and
innovator since childhood. At just 10 years old, he began
developing "shareware" programs that were posted across the
internet. After paper checks started filling his mailbox as payment
for his software, he realized there had to be a way to better send
and receive funds. This frustration led to his first foray into the
fintech space, as he pioneered a way to receive payments through
email. He continued building disruptive technology through high
school and college, before founding many innovative startups.
He joins at a key time for Rocket. The Company is well
positioned to lead the transformation of the homebuying space
through generative AI, using the technology to automate routine and
complex tasks with the goal of driving a superior homebuying
experience. In just a single year, Rocket used AI to generate
approximately 3.7 billion customer interactions and decisions.
Rampell also serves on the boards of several Andreessen Horowitz
portfolio companies, including Branch, Brightside, Descript, Divvy,
Earnin, FlyHomes, Loft, Mercury, Point, Propel, Sentilink, Super
Evil Mega Corp, Wise Ltd and Very Good Security. He holds a BA in
Applied Mathematics and Computer Science from Harvard University.
About Rocket Companies
Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform company
including personal finance and consumer technology brands including
Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans,
Rocket Mortgage Canada, Lendesk, Core Digital Media and Rocket
Connections.
The Company helps clients achieve the goal of home ownership and
financial freedom through industry-leading client experiences
powered by its simple, fast and trusted digital solutions. J.D.
Power has ranked Rocket Mortgage #1 in client satisfaction for both
primary mortgage origination and servicing a total of 21 times. For
more information, please visit the Rocket Companies
Website or Investor Relations Website.
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SOURCE Rocket Companies, Inc.