Bilt Rewards
| Company type | Private |
|---|---|
| Industry | Financial services, Payment processing, Real estate services |
| Founded | 2019 |
| Founder | Ankur Jain |
| Headquarters | New York City , United States |
Area served | United States |
Key people | Ankur Jain (CEO) |
| Products | Rewards platform, Co-branded credit card |
Bilt Rewards operates as a payments and commerce platform that introduced the concept of earning rewards on rent payments for over 4.5 million residences.[1] Established in 2019 by Ankur Jain and headquartered in New York City,[2][3] Bilt Rewards is designed to revolutionize the rental process by providing incentives for rent payments and local expenditures.[3]
History
Bilt Rewards was launched in 2021 by serial entrepreneur Ankur Jain, who continues to serve as CEO after founding the company in 2019.[4]
In 2022, Bilt completed a $150 million funding round led by Left Lane Capital, with participation from Smash Capital, Wells Fargo, Kairos, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures.[5][6] This capital injection expanded Bilt's loyalty offerings and improved its co-branded credit card products.[7]
By August 2024, following an investment from the Ontario Teachers' Pension Plan, Bilt's market value increased to $3.25 billion.[8][9]
In March 2025, Bilt expanded its capabilities by acquiring Banyan, a company specializing in item-level receipt data solutions, thereby enhancing merchant analytics and consumer insight tools.[10][11][12]
In April 2025, a collaboration between Bilt and American Campus Communities was established, allowing college students aged 18 and older to earn rewards on their monthly campus housing payments.[13]
References
- ↑ Haque, Ehsan (2023-12-22). "Your ultimate guide to earning and redeeming Bilt Rewards points in 2024". CNN Underscored. Archived from the original on 2024-01-03. Retrieved 2025-04-21.
- ↑ Hasan, Zoya. "How This Founder Went From The Forbes Under 30 List To The Forbes Billionaire List". Forbes. Retrieved 2025-04-21.
- ↑ 3.0 3.1 "Bilt Rewards program: A way to earn points from paying rent". CNBC. 2023-09-30. Retrieved 2025-04-21.
- ↑ Haverstock, Eliza. "This Startup Built A Rewards Credit Card For Your Rent—But Its Long Game Is To Win A Place In Tomorrow's Mortgage Market". Forbes. Retrieved 2025-04-21.
- ↑ Azevedo, Mary Ann (2024-01-24). "General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B". TechCrunch. Retrieved 2025-04-21.
- ↑ "Bilt, Startup Turning Rent Into Points, Valued at $1.5 Billion". Bloomberg.com. Archived from the original on 2023-01-13. Retrieved 2025-04-21.
- ↑ Hall, Christine (2022-10-25). "Bilt Rewards' valuation jumps to $1.5B following new $150M growth round". TechCrunch. Retrieved 2025-04-21.
- ↑ "Ontario Teachers Pension Plan Backs Bilt, Now Valued at $3.25 Billion". Bloomberg.com. Archived from the original on 2024-08-02. Retrieved 2025-04-21.
- ↑ "Bilt Rewards elevates valuation to $3.25bn with new $150m investment". fintechfutures.com. August 5, 2024.
- ↑ PYMNTS (2025-03-13). "Bilt Rewards Snaps Up Banyan to Deepen Merchant Data and Consumer Insights". PYMNTS.com. Retrieved 2025-04-21.
- ↑ PYMNTS (2025-03-24). "Bilt's Bet on Banyan Turns Neighborhood Spending Into Hyper-Targeted Rewards". PYMNTS.com. Retrieved 2025-04-21.
- ↑ "Bilt Rewards announces first acquisition with deal to buy receipt data tech firm Banyan". fintechfutures.com. March 14, 2025.
- ↑ Farberov, Snejana (2025-04-23). "Bilt Rewards Offers College Students Perks for Campus Housing, Loan Payment Aid". realtor.com.