Bilt Rewards is an American financial technology company that operates a loyalty and payments platform centered on rent payments, offering a co-branded credit card program and related financial products. Founded by Ankur Jain in 2019 and headquartered in New York City, the company partners with property managers to let renters earn points-based rewards on rent payments, and has since expanded into mortgage payment rewards and a tiered credit card lineup issued by Column N.A.
History Bilt Rewards was founded in 2019 by Ankur Jain, who serves as its chief executive officer (CEO). The company officially launched in 2021.
In 2022, Bilt Rewards received an investment of $150 million led by Left Lane Capital, with additional participation from Smash Capital, Wells Fargo, Kairos, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures, valuing the company at $1.5 billion.
In January 2024, the company raised $200 million in a round led by General Catalyst, doubling its valuation to $3.1 billion. In August 2024, Bilt Rewards was valued at $3.25 billion following an investment from the Ontario Teachers' Pension Plan.
In March 2025, Bilt Rewards acquired Banyan, a fintech company providing item-level receipt data infrastructure.
In April 2025, Bilt partnered with American Campus Communities, a student housing provider, to offer rewards on monthly campus housing payments.
In July 2025, Wells Fargo announced it would end its Bilt card partnership ahead of schedule, citing losses of up to $10 million per month; the program had originally been set to run through 2029.
Also in July 2025, Bilt Rewards raised $250 million in a funding round co-led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), at a valuation of $10.75 billion. More than triple its valuation a year earlier.
In October 2025, Bilt and UWM announced a partnership to offer rewards on mortgage payments, extending the rent-rewards model to homeowners. The following month, Bilt partnered with Rakuten to let users convert Rakuten cash back into Bilt Points.
In January 2026, Bilt relaunched its credit card program as "Bilt 2.0," ending the Wells Fargo partnership and moving to new cards issued by Column N.A. and serviced by Cardless.
In April 2026, Bilt announced a strategic partnership with Bed Bath & Beyond, Inc. to integrate its loyalty platform across the retailer's brands.
Products and services Bilt Rewards operates a loyalty and housing payments platform spanning co-branded credit cards, rent and mortgage payment processing, and a points-based rewards program.
Under a 2025 agreement with PayPal, members can also make rent payments through Venmo.
In February 2026, Bilt added support for mortgage payments through its partnership with United Wholesale Mortgage, extending the platform to homeowners.
As of 2026, Bilt had about 5.5 million active members.
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