General World News

Bilt Rewards, which converts rent payments into points, hits $1.5B valuation

Bilt Rewards, which operates a loyalty program and credit card that converts rent payments into points, raised a new round of funding that it says gives the firm a valuation of $1.5 billion.

The company, which works with some of the country’s largest multifamily developers and property managers, secured $150 million in a growth round led by Left Lane Capital.

In all, the company has received $213 million in funding since it launched in June 2021. The company says its loyalty program and payment platform have been rolled out to 2.5 million apartment units in the U.S. details ⇒

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