Bilt Rewards, the leading payments and commerce platform transforming the $2.1 trillion housing payments market, today announced the acquisition of Ba

Within the FinTech space, a surge in dealmaking over the past few months is taking shape as macro factors set the stage for mergers, acquisitions and go-private deals. The cost of capital is high, and the uncertainty of consumer demand and the Federal Reserve’s path on interest rates linger. Going private helps firms escape the volatility of public markets as issuing stock or debt is no sure way to shore up balance sheets and shares routinely swing by double-digit percentages day by day

Bilt Rewards, the fast-growing payments and commerce platform known for turning housing payments into loyalty rewards, has made its first acquisition, purchasing item-level receipt data provider Banyan.