Bilt Rewards is a technology company.
Bilt Rewards has raised $663.3M across 6 funding rounds.
Bilt Rewards has raised $663.3M in total across 6 funding rounds.
Bilt Rewards has raised $663.3M in total across 6 funding rounds.
Bilt Rewards's investors include General Catalyst, Infinity Ventures Crypto, NEO, Claire Hughes Johnson, George Burke, Scott Belsky, Andreessen Horowitz, Blisce, Company Capital, Frontier Ventures, Hyper, Kairos HQ.
Bilt Rewards is a fintech company offering the first rewards and payments program for renters, enabling over 109 million U.S. renters to earn points on rent payments—their largest monthly expense—while building credit and savings toward homeownership, all without fees to renters or landlords.[1][4] It serves renters through the Bilt Mastercard, the Bilt Alliance network of major property managers, and tools like Bilt Homes for home buying, addressing high rent costs (up to 50% of income) amid rising housing prices and interest rates.[1][3] The platform has scaled rapidly, reaching $200 million in annualized revenue and profitability by early 2023, with a $10.75 billion valuation after a $250 million raise, processing payments across multifamily housing and expanding into neighborhood commerce via AI-powered recommendations.[2][5]
Founded in 2021 by CEO Ankur Jain, Bilt Rewards emerged from Jain's vision to reward renters for on-time payments, inspired by his experience in loyalty programs at JetBlue, IHG Hotels, and AutoZone.[3][6] In March 2020, Jain collaborated with loyalty expert Dave Canty to design the program, launching publicly in June 2021 with immediate traction via the Bilt Mastercard, which uniquely allows rent payments to earn points regardless of property affiliation.[2][6][7] Early pivots included credit reporting to all three bureaus, Rent Day monthly rewards, and partnerships like the Bilt Alliance, propelling it to profitability within a year.[1][4]
Bilt rides the fintech loyalty wave in the $600B U.S. rental market, transforming a non-rewarded expense into a value driver amid inflation, 50% rent-to-income ratios, and homeownership barriers.[1][3] Timing aligns with post-pandemic remote work boosting multifamily demand and digital payments growth, positioning Bilt as a payments platform processing diverse methods while fostering local economies via merchant integrations.[5] It influences the ecosystem by pioneering renter credit-building, neighborhood commerce (e.g., AI personalization strengthening small businesses), and loyalty innovation, inspiring revenue-based models across airlines/hotels and enabling "double-dip" rewards on housing/education.[2][6][8]
Bilt's flywheel—more properties attract merchants, enhancing resident value—positions it for dominance in housing fintech, with expansions into new verticals like AI commerce and beyond-rent rewards.[2][5] Trends like rising valuations (from $3.1B in 2023 to $10.75B) and community-building signal sustained growth, potentially evolving into a full lifestyle platform for urban millennials/gen-Z renters aspiring to own.[5][8] As networks strengthen, Bilt will redefine "where you live" as rewarding, scaling its mission from rent to vibrant, point-fueled communities.[1][4]
Bilt Rewards has raised $663.3M across 6 funding rounds. Most recently, it raised $250.0M Venture Round in July 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2025 | $250.0M Venture Round | General Catalyst, Infinity Ventures Crypto, NEO, Claire Hughes Johnson, George Burke, Scott Belsky | |
| Jan 1, 2024 | $200.0M Venture Round | General Catalyst, Infinity Ventures Crypto, NEO, Claire Hughes Johnson, George Burke, Scott Belsky | |
| Oct 1, 2022 | $150.0M Series B | Andreessen Horowitz, Blisce, Company Capital, Frontier Ventures, Hyper, Kairos HQ, Left Lane Capital, Serena Ventures, Smash Capital, XFactor Ventures, George Burke, Justin Mateen, Sean Rad, Tom Williams | |
| Sep 1, 2021 | $60.0M Venture Round | Kairos HQ, Serena Ventures, Justin Mateen, Sean Rad, Tom Williams | |
| Aug 1, 2020 | $3.0M Seed | Kairos HQ, Serena Ventures, Justin Mateen, Sean Rad, Tom Williams | |
| Jan 1, 2019 | $300K Seed | Kairos HQ, Serena Ventures, Justin Mateen, Sean Rad, Tom Williams |