 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2019 |
| Founder | Ankur Jain |
| Headquarters | New York City, New York, U.S. |
| Website | biltrewards |
Bilt Rewards is a payments and commerce network that is known for its rent-focused credit offerings. [1] Founded by Ankur Jain in 2019 and headquartered in New York, USA, [2] [3] the company offers point-based rewards on rent payments, amongst other purchases. [3] The card is issued through Wells Fargo. [4]
Bilt Rewards was founded in 2019 by Ankur Jain, a serial entrepreneur. Jain serves as the CEO of Bilt Rewards. The company officially launched in 2021. [5]
In 2022, Bilt Rewards received investment of $150 million, which was led by Left Lane Capital, with additional investments from Smash Capital, Wells Fargo, Kairos, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures. [6] [7]
In 2023, Wells Fargo and Bilt Rewards renegotiated their partnership program as a result of financial losses. [4]
In August 2024, Bilt Rewards was valued at $3.25 billion after investment from Ontario Teachers Pension Plan. [8]
In March 2025, Bilt Rewards acquired Banyan, a fintech company providing item-level receipt data infrastructure. [9]
In April 2025, Bilt partnered with American Campus Communities (ACC), a student housing provider, offering rewards on monthly campus housing payments. [10]
In July 2025, Wells Fargo announced that it sought to end its partnership with Bilt Rewards ahead of schedule, as Wells Fargo was losing as much as $10 million per month through Bilt Rewards. Their partnership was initially set to end in 2029. [4] In that same month, Bilt Rewards announced that it would be developing its Bilt 2.0 card with Cardless, a fintech firm, and the company's valuation reached $10.75 billion. [4]
In October 2025, Bilt partnered with United Wholesale Mortgage to offer rewards on mortgage payments, similar to its rent program. [11] In the next month, the company would also partner with Rakuten Rewards, allowing for Rakuten cash back to be swapped for Bilt points. [12]