Bilt Rewards

Bilt Rewards

Rewards program for renters, earns points towards homeownership

About Bilt Rewards

Simplify's Rating
Why Bilt Rewards is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Financial Services

Real Estate

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$547.9M

Headquarters

New York City, New York

Founded

2021

Overview

Bilt Rewards provides a dynamic work environment that merges the goals of financial services with the accessibility of everyday living. Through their initiative to help renters accumulate points via rent payments that can be used towards travel, homeownership, and more, they showcase a leading edge in adapting financial solutions to real life needs. Employees at this company not only contribute to innovative services but also work in an industry that directly enhances the economic well-being of its clients.

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Funded Recently
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Simplify's Take

What believers are saying

  • Recent $150 million funding round boosts Bilt's expansion and tech infrastructure.
  • Partnership with Accor enhances point transfer value for frequent travelers.
  • Collaboration with Walgreens integrates health savings rewards, appealing to health-conscious consumers.

What critics are saying

  • Increased competition from fintech companies like Brex and Curve challenges Bilt's position.
  • Leadership changes at Wells Fargo may impact the Bilt Mastercard partnership.
  • Regulatory scrutiny may affect the Walgreens health savings rewards collaboration.

What makes Bilt Rewards unique

  • Bilt Rewards offers a unique program to earn points on rent payments.
  • Partnership with eXp Realty allows earning points on home purchases, a market-first.
  • Bilt Mastercard enables rent payments with no fees, a distinctive feature.

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Funding

Total Funding

$547.9M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision

401K match

Equity

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-2%
PR Newswire
Feb 17th, 2025
Spade Partners With Bilt To Enhance Bilt Member Experience Through Advanced Merchant Intelligence

Spade's granular merchant details will enhance Bilt's member app and web experiences and support its rewards ecosystem

PYMNTS
Jan 10th, 2025
Report: Jpmorgan Veteran Ed Olebe To Lead Wells Fargo'S Credit Card Business

Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase late last year, was succeeded in his position at that bank by Chris Reagan, and will take over for Ray Fischer at Wells Fargo upon Fischer’s retirement, the Wall Street Journal (WSJ) reported Thursday (Jan. 9). Neither Wells Fargo nor JPMorgan Chase immediately replied to PYMNTS’ request for comment

PYMNTS
Jan 10th, 2025
Report: Jpmorgan Veteran Ed Olebe To Lead Wells Fargo’S Credit Card Business

Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase late last year, was succeeded in his position at that bank by Chris Reagan, and will take over for Ray Fischer at Wells Fargo upon Fischer’s retirement, the Wall Street Journal (WSJ) reported Thursday (Jan. 9). Neither Wells Fargo nor JPMorgan Chase immediately replied to PYMNTS’ request for comment

PYMNTS
Dec 3rd, 2024
Fsa Store Adds Deadline Tool To Help Consumers Use Fsa Funds

FSA Store has launched a tool designed to help consumers use flexible spending account (FSA) funds and ensure they don’t forfeit them at the deadline. The new FSA deadline tool serves the 70% of FSA users who have Dec. 31 as their use-it-or-lose-it deadline, the company said in a Monday (Dec. 2) press release. “Our new deadline tool allows individuals and families to find a custom fit for their remaining FSA funds or budget, so they get more value out of their tax-free benefits,” Rachel Rouleau, chief compliance officer for FSA Store parent brand Health-E Commerce, said in the release

Fox Business
Nov 21st, 2024
Here's how you can earn points when purchasing a home

With the new program, Bilt launched a search tool on its website and app that enables prospective buyers to search for homes based on their monthly budget rather than the total price.

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