Bilt Rewards
 | |
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2019 |
| Founder | Ankur Jain |
| Headquarters | New York City, New York, U.S. |
Key people | Ankur Jain |
| Website | biltrewards |
Bilt Rewards is a payments and commerce network that pioneered rewards on rent in their network of 4.5 million homes.[1] Founded by Ankur Jain in 2019 and headquartered in New York, USA,[2][3] Bilt Rewards aims to transform the rental experience by rewarding customers on rent payments and in their neighborhood.[3]
History
[edit]Bilt Rewards was founded in 2019 by Ankur Jain, a serial entrepreneur. Jain serves as the CEO of Bilt Rewards. The company officially launched in 2021.[4]
In 2022, Bilt Rewards received investment of $150 million, which was led by Left Lane Capital, with additional investments from Smash Capital, Wells Fargo, Kairos, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures.[5][6] This funding was aimed at expanding Bilt's loyalty program and enhancing its co-brand credit card product offering.[7]
In August 2024, Bilt Rewards was valued at $3.25 Billion after investment from Ontario Teachers Pension Plan.[8][9]
In March 2025, Bilt Rewards acquired Banyan, a provider of item-level receipt data solutions.[10][11][12]
In April 2025, Bilt partnered with American Campus Communities (ACC), student housing provider, to offer college students aged 18 and older the opportunity to earn rewards on their monthly campus housing payments.[13]
References
[edit]- ^ 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.
- ^ a b "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.
- ^ "Bilt Rewards Offers College Students Perks for Campus Housing, Loan Payment Aid". realtor.com. 2025-04-23.