New York, United States
Bilt Rewards is disrupting the real estate and fintech industries with its innovative approach. Launched in 2021, it offers renters the opportunity to earn points on rent, paving the way towards homeownership. Partnered with the nation’s largest real estate owners, Bilt Rewards covers over two million units, allowing renters to accumulate points simply by paying rent.
The company's collaboration with Mastercard and Wells Fargo resulted in the creation of the Bilt Mastercard, the first credit card with no fees for rent payments. Additionally, Bilt Rewards' growth was evident as it secured a $150 million investment from a consortium led by Left Lane Capital, Camber Creek, General Catalyst, Eldridge Industries, and Prosus Ventures in a $200 million venture round on 24 January 2024.
The company's offerings include a high-value rewards program featuring one-to-one point transfers for travel, access to fitness classes, and exclusive art and home decor collections through the Bilt Collection. Furthermore, renters can utilize their points for rent credits or future downpayments, making Bilt Rewards a game-changer in the rental landscape.
Bilt Rewards' remarkable achievements have resulted in a valuation of $1.5 billion, solidifying its position as a frontrunner in redefining the rental experience.
