DETROIT (Great Lakes News) – Rocket Companies plans to purchase the personal finance app Truebill for $1.3 billion.

The deal is expected to close by the end of 2021 and is an all-cash transaction.

MORE NEWS: Michigan Lawmakers Seek to Bar Benson From Overseeing Election While Running for Governor

There is no word on the employment future of Truebill employees or if the company will move to metro Detroit.