Bilt Rewards
Series C+Raised Since FeaturedEarn rewards on rent
A loyalty platform that lets renters earn points on monthly rent payments — turning housing costs into travel, fitness, and financial rewards.
About
Bilt Rewards is a fintech loyalty platform that solved a long-standing gap in the rewards ecosystem: earning points on rent, the largest monthly expense for most Americans. Founded in 2019 by serial entrepreneur Ankur Jain, Bilt partners with property management companies and landlords to let renters earn points on rent payments without any added fees. Members can redeem points for travel (1:1 transfers to major airline and hotel partners), fitness classes (SoulCycle, Rumble), dining, and even use points toward a future home down payment. The Bilt Mastercard, issued by Wells Fargo, extends rewards to all purchases. As of 2025, Bilt has over 5 million members, processes $45B+ in annual rent payments across 4.5 million rental units, and has grown its valuation from a $60M seed to $10.75B in just four years — making it one of the fastest-growing fintech companies in the U.S.
DailyDropout Take
Bilt caught our attention as one of the few fintech startups tackling the rent rewards gap — a massive, overlooked market where renters spend trillions annually with zero rewards. Ankur Jain's approach of partnering directly with property managers rather than going around them was a smart wedge, and the 1:1 airline point transfers gave the program real teeth. The $60M seed hinted at big ambitions, and the trajectory since — $10.75B valuation, 5M+ members — has validated the thesis spectacularly.
Discovery signal: Unusually large seed round ($60M), founder pedigree (Ankur Jain/Kairos), partnership-first GTM strategy with major property managers, Wells Fargo backing
What Makes Them Unique
Bilt is the only loyalty program that lets renters earn points on rent without fees, backed by partnerships with the nation's largest property managers and 1:1 transfer ratios to major airline and hotel loyalty programs — creating a rewards flywheel that no competitor has matched.
5M+
Members
$45B+
Annual Rent Processed
4.5M+
Rental Units
$10.75B
Valuation
Target Markets
Founders
Ankur Jain
Founder & CEO
Serial entrepreneur and founder of Kairos, a holding company for businesses solving challenges facing his generation. Previously worked at Tinder and founded multiple ventures. Son of Naveen Jain (InfoSpace founder).
Bilt Rewards is hiring!
Team size: 500+
Funding History
Lead: Kairos
Valuation: $1.5B
Lead: Left Lane Capital
Valuation: $3.1B
Lead: General Catalyst
Valuation: $10.75B
Lead: General Catalyst
Investors
Firms
Press & News
Bilt Rewards' valuation jumps to $1.5B following new $150M growth round
General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B
Bilt Rewards: From Startup to Fintech Billionaire in Just Four Years