Rocket Cos. In Detroit, a fintech platform company including mortgage, real estate, and other financial services businesses, named Alex Rampell as an independent director to the company’s board of directors.
Rampell currently serves as general partner at Andreessen Horowitz, a private venture capital firm in California. It focuses on fintech investments.
Rampell co-founded many tech-driven financial companies including Affirm, a buy-now-pay-later lender, which went public in early 2021.
He also co-founded TrialPay, a transactional advertising and payments company serving digital goods and e-commerce clients globally. It 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 transformation and disruption in the financial services space.
“Alex possesses a rare and remarkable perspective on the intersection of technology, finance, and emerging trends,” says Dan Gilbert, founder and chairman of Rocket Cos. “For nearly three decades, he has been creating tech products that simplify the payments and financial processes for a number of large 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.”
Rampell joins at a key time for Rocket, says Gilbert. The company is working to lead the transformation of home buying through generative AI, using 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 Bachelor of Arts in applied mathematics and computer science from Harvard University.
