BILT
BILT helps renters earn rewards on rent payments while building credit toward homeownership.
BILT is a payments and commerce network that enables renters to earn rewards on rent and HOA payments—the first platform to make housing expenditures rewardable. The company powers rental payments in 25% of U.S. apartment buildings, serving 5.5 million members across a network of 1-in-4 apartment buildings nationwide. Members earn points on every on-time payment redeemable for travel, rent credits, fitness classes, student loan payments, or down payment assistance. BILT generates revenue through interchange fees, merchant partnerships (40,000+ nationwide), and referral fees.
Problem solved
Renters cannot earn financial rewards on their largest monthly expense (rent), lack visibility into building credit for future homeownership, and have limited incentives for on-time payments.
Target customer
Renters in multifamily properties; property managers and apartment operators; merchants in neighborhood networks; landlords seeking tenant retention tools
Founders
A
Ankur Jain
Founder & CEO
Previously founded Humin (acquired by Tinder, $15M raised), served as VP of Product at Tinder, founded Kairos incubator in 2008, Wharton graduate.
D
David M Wyler
Co-Founder & Chief Business Officer
D
Daniel Seder
Co-Founder & Chief Operating Officer
Funding history
Pre-Seed
$300K
2019
Led by Unknown
· Unknown
Seed
$3M
2020
Led by Unknown
· Unknown
Series A
$60M
2021
Led by Unknown
· Unknown
Series B
$150M
October 2022
Led by Left Lane Capital
· Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, Prosus Ventures
Series B
$200M
January 2024
Led by General Catalyst
· Unknown
Series C
$150M
August 2024
Led by Teachers' Venture Growth
· Unknown
Series C
$250M
July 2025
Led by General Catalyst, GID
· United Wholesale Mortgage
Total raised:
$958M
Industries
Pricing
Free membership with optional paid card products. BILT Blue ($0 annual fee), BILT Obsidian ($95 annual fee), BILT Palladium ($495 annual fee). Rewards include 1:1 point transfers to travel partners, fitness classes, rent credits, rideshare, home delivery, parking, and down payment savings.
Notable customers
5.5 million members; 1-in-4 apartment buildings across U.S.; 2.5 million units through major multifamily owner/operators (partnership alliance); 40,000+ merchants nationwide; American Campus Communities (student housing partnership)
Integrations
Plaid (payment processing), DocuSign (document signing), Column N.A. (card issuer), Cardless (card servicing), DatoCMS (CMS), Google Analytics, Stripe implied, major airline and hotel partners for point transfers
Tech stack
React (JavaScript frameworks)
Next.js (Web servers)
styled-components (JavaScript frameworks)
Lodash (JavaScript libraries)
core-js (JavaScript libraries)
Okta (Authentication)
Ada (Live chat)
Zendesk (Documentation)
Webpack
Plaid (Payment processors)
Open Graph
Module Federation
DocuSign
DatoCMS (CMS)
Microsoft Clarity (Analytics)
Google Analytics (Analytics)
Sentry (Issue trackers)
reCAPTCHA (Security)
HSTS (Security)
Node.js (Programming languages)
Apple iCloud Mail (Webmail)
Google Workspace (Email)
Microsoft Advertising (Advertising)
Google Tag Manager (Tag managers)
Vercel (PaaS)
Transcend (Cookie compliance)
UserWay (Accessibility)
Mailgun (Email)
Dropbox (Digital asset management)
Segment (Customer data platform)
Website
Competitors
Venmo
General P2P payments platform; BILT specifically focuses on rent rewards and homeownership pathway.
Chase Sapphire
Traditional credit card rewards; BILT uniquely enables rewards on rent payments specifically.
Brinks Home Security (rent payment services)
Basic rent payment processing; BILT adds marketplace, merchant network, and loyalty ecosystem.
Why this matters: BILT has achieved $10.75B valuation by solving a fundamental gap in the renter economy—making the largest monthly expense (rent) rewardable and linking it to homeownership. The company operates at scale (5.5M members, 25% of U.S. apartments) with strong institutional backing (General Catalyst, Teachers' Venture Growth, Wells Fargo) and has expanded into AI-powered concierge services and merchant integration, positioning itself as the infrastructure layer for neighborhood commerce.
Best for: Renters seeking to build credit and earn rewards on rent payments; property managers looking to incentivize on-time payments; multifamily operators building resident engagement platforms; merchants targeting affluent renter demographics.
Use cases
Building credit toward homeownership
Renters accumulate BILT points on monthly rent payments and direct them toward down payment savings, enabling proof of payment history and rewards that lower barriers to first-time home buying. This solves the problem that rent payments historically don't contribute to credit building or down payment assistance.
Property manager tenant retention
Multifamily operators use BILT to incentivize on-time rent payments through rewards, reducing late payments and turnover. The rewards ecosystem also increases resident engagement with building amenities and local merchants, improving satisfaction.
Merchant customer acquisition
Local restaurants, fitness studios, and services gain access to 5.5 million affluent renters through BILT's marketplace, enabling targeted promotions and customer acquisition at scale while BILT earns referral and interchange fees.
Student housing rewards program
BILT's partnership with American Campus Communities enables student residents to earn rewards on housing payments, providing financial incentives and building financial wellness habits early.
Alternatives
Venmo
General peer-to-peer payments with basic cashback; BILT offers rent-specific rewards and homeownership-focused benefits.
Traditional apartment portals (AppFolio, Yardi)
Property management software without resident rewards; BILT adds loyalty ecosystem and consumer-facing payments marketplace.
Rize or Earnest (student loan/fintech)
Focus on loan refinancing or budgeting; BILT uniquely rewards rent payments and integrates housing costs into broader commerce network.
FAQ
What does BILT do? +
BILT is a payments and loyalty platform that enables renters to earn rewards on rent and HOA payments. Members use the BILT card or any payment method to pay rent, earn points, and redeem rewards for travel, rent credits, fitness classes, student loan payments, or down payment assistance. The platform also operates a 40,000+ merchant marketplace and serves property managers as a tenant engagement tool.
How much does BILT cost? +
BILT membership is free. Paid card tiers include BILT Blue (no annual fee), BILT Obsidian ($95/year), and BILT Palladium ($495/year) offering premium benefits and higher rewards rates. No pricing for property manager or enterprise solutions is publicly disclosed.
What are alternatives to BILT? +
Venmo (general P2P payments with cashback), traditional apartment payment portals like AppFolio or Yardi (property management without rewards), and fintech platforms like Earnest (loan-focused, not rent-rewards focused). None combine rent-specific rewards with homeownership-focused benefits at BILT's scale.
Who uses BILT? +
Primary users are 5.5 million renters across 1-in-4 apartment buildings in the U.S. Property managers and multifamily operators use BILT for tenant engagement and payment processing. Merchants (40,000+ nationwide) use BILT to reach renter demographics. Investors include General Catalyst, Teachers' Venture Growth, Wells Fargo, Greystar, and United Wholesale Mortgage.
How does BILT compare to Venmo or PayPal? +
Venmo and PayPal are general-purpose P2P payments with generic cashback rewards. BILT specifically targets rent payments—the largest monthly expense for renters—and ties rewards to homeownership goals (down payments, credit building). BILT also operates a 40,000+ merchant marketplace integrated into the app, while Venmo is primarily peer-to-peer.
How does BILT make money? +
BILT earns interchange fees from payment processing (ACH, debit, credit cards), referral fees when users book services or make purchases through the marketplace, and subscription revenue from premium card tiers ($95 and $495 annually). Property managers and merchants may also be charged for access to the platform.
Is BILT available everywhere in the U.S.? +
BILT is available in 25% of U.S. apartment buildings (1-in-4 buildings nationwide), with membership growing. Availability depends on whether your property is part of BILT's multifamily partner network, which includes 2.5 million units from major operators.
Tags
rent rewards
loyalty program
fintech
payments
homeownership
multifamily
merchant marketplace
housing payments
credit building
AI concierge