Loyalty program for property renters
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To give young people a way to earn rewards on their rent payments, and to help them on the path toward homeownership
NoHo, New York, NY
Some candidates hear
back within 2 weeks
55% employee growth in 12 months
CTO of Otta
Millions of Americans participate in credit card programs that enable them to earn points from everyday spending. Bilt is a loyalty program that enables renters to earn points from what is typically their largest monthly outgoing: rent.
Landlords have long been unwilling to accept payment by credit card due to the high fees involved, an issue Bilt is tackling head-on. Within a few months of launching in mid-2021, Bilt was serving more than 2 million rental units. Whilst focusing on rent payments in the beginning, Bilt hopes to morph into an end-to-end service for renters looking to buy a home, which could eventually involve becoming a mortgage provider.
Bilt is targeting a lucrative market of 109 million renters in the US alone. The company has secured impressive funding of more than $200 million from legacy financial institutions like Wells Fargo and Mastercard as well as a group of the nation’s largest real estate owners. It's part of the CEO's startup studio, Kairos, which focuses on making essential services like housing and healthcare more affordable.
Last 2 fundraises
This company has top investors
Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters
Bilt Mastercard announces new rewards structure: Simplifies earning on rent payment, adds dining and travel bonuses
Serial entrepreneur and current Founder & CEO of Kairos, a venture studio. Also founded Humin which they sold to Tinder in 2016, and Bilt (as part of Kairos).
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