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.