Rocket Companies 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. 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. 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.