Bilt Rewards

Today we announced that Bilt Rewards has closed an additional $200 million of equity capital, valuing the company at $3.1 billion. General Catalyst led the round with Todd Boehly’s Eldridge Industries, and continued support from long-standing investors Left Lane Capital, Camber Creek, and Prosus Ventures. This round is a testament not only to the strength of our core business – but the incredible growth opportunity that lies ahead. What’s even more exciting is we also announced that Kenneth I. Chenault, Former CEO of American Express and MD at General Catalyst, is joining Bilt as our new Chairman. Ken brings unparalleled experience to this business, particularly as we scale this platform to go beyond rewarding residents on rent – and also rewarding them in their neighborhood. We are also honored to be welcoming Roger Goodell, Commissioner of the NFL, to our board as an independent director. There is no company in the world that understands hometown loyalty better than the NFL – and his experience in building the League will be invaluable to our long-term strategy. Truly so excited to have Ken and Roger as new partners for all of us on this journey, so please join us in welcoming them to the Bilt team! More info: https://lnkd.in/etSBmQy5 #biltrewards #biltforyou

We are excited to announce TAP Air Portugal as our newest airline transfer partner! Now, Bilt Members can transfer their points to TAP Air Portugal’s Miles&Go program, unlocking even more incredible travel destinations across Europe, Africa, and the Americas. At Bilt Rewards, we’re always looking for ways to make our Members’ experiences even better, and with TAP Air Portugal, we’re offering more flexibility and opportunities to turn their rent payments and spend in their neighborhood into unforgettable travel experiences. Thank you to both teams for their hard work and dedication to reach the finish line of launching this new partnership! Learn more here: https://lnkd.in/e48tdyhN #BiltRewards #TAPAirPortugal

We are thrilled to share that we have officially launched ALL - Accor Live Limitless, the loyalty program of Accor, as our newest loyalty and transfer partner here at Bilt. This new partnership will provide our members with unmatched value with an industry-best point transfer rate of 3:2, and expands travel options with no blackout dates and the flexibility to combine points and cash. This means more luxurious stays at Accor’s 5,700+ properties worldwide, including Fairmont Hotels & Resorts, Raffles Hotels & Resorts, and Sofitel. Our teams have worked tirelessly to launch this amazing addition to Bilt's suite of partners and we are so excited for this benefit to now be live for our members. https://lnkd.in/eAsSV5K7

Last week, we had the incredible opportunity for our Founder and CEO, Ankur Jain, to take the stage at the Forbes 30 Under 30 Summit in Cincinnati, Ohio. During this exciting event, Ankur shared the inspiring journey of Bilt and the innovative work we’re doing to change how people engage with loyalty and rewards programs. It was a fantastic conversation with Forbes’ CEO, Michael Federle, discussing the future of fintech, housing, and what it takes to build a brand that is redefining the way we live. Check out the full discussion here! https://lnkd.in/eHbBkKn9

Which industries dominate this year’s list of Top Startups? LinkedIn just released its annual Top Startups ranking — and healthcare companies make up more than a quarter of the list. Their focuses span diverse niches, from mental health players like Headway (#4) to startups concentrated on women’s health like Oula (#24) and Midi Health (#30). Unsurprisingly, there are also several AI companies popping up — nearly 20% of this year’s honorees are focused on building AI tools and technologies. Whether it be Harvey's platform using generative AI to automate legal tasks (#22) or Figure’s development of a humanoid robot (#31), these companies are getting specific with AI’s capabilities. Other sectors that appear on this year’s list include consumer goods, with Jones Road Beauty (#50) and Happy Dad Hard Seltzer & Tea (#13), and financial services, with Bilt Rewards (#26) and Pave (#41). What advice do you have for professionals looking to land jobs in one of these fast-growing fields? Weigh in below. For more from LinkedIn Top Startups, check out the full rankings here: https://lnkd.in/USTopStartups2024.

We’re beyond thrilled to announce that we have been named one of LinkedIn's Top Startups of 2024! From day one, our vision has been to transform the path to homeownership and our team has been critical to making that vision a reality. We’ve transformed ideas into impact, and this recognition is a huge step in our journey. Shoutout to our amazing crew for believing in the impossible and making it happen! To our partners, members, and community—thank you! https://lnkd.in/ew_Hm5fz

Today we're thrilled to announce a significant expansion of our Neighborhood Rewards Program through a partnership with Walgreens! This effort introduces an innovative "Automatic Healthcare Savings” benefit, marking the first time customers can effortlessly apply any network branded Flexible Spending Account (FSA) or Health Savings Account (HSA) benefits card to purchases at a major pharmacy chain. Bilt Members can now earn an additional 1X Bilt Points on all Walgreens purchases, 2X Bilt Points on Walgreens-branded items, and 100 Bilt Points on prescription refills - subject to certain exclusions - all in addition to their usual card rewards across the nearly 9,000 Walgreens and Duane Reade locations in the country. This incredible partnership wouldn't be possible without all of the hard work, collaboration, and dedication from our team, and marks a huge step in expanding Bilt's Neighborhood Rewards' benefits to our customers. https://lnkd.in/eHCH3e5V

We're excited to share how Valiant Residential has been leveraging Bilt to drive resident loyalty, increase digital payments, and reduce delinquency. Valiant residents now earn rewards on their largest monthly expense, rent, and enjoy benefits in their local neighborhoods. Since launching Bilt less than a year ago, Valiant has achieved over a 30% increase in digital payment growth and a 12% reduction in delinquency. https://lnkd.in/eNbUqzE6

Bilt Rewards has closed an additional $150 million of equity capital, valuing the company at $3.25 billion. The investment round was led by the Ontario Teachers' Pension Plan, Canada’s largest single-professional pension plan, with participation from existing investors and new ones including Vanderbilt University Endowment and the University of Illinois Foundation. This latest round of funding is a true testament to both the incredible growth of Bilt and the bountiful opportunities that lie ahead. More info: https://lnkd.in/etnt2M_g #biltrewards #biltforyou

Last week, our Bilt Alliance team volunteered with SheBuilds to support Mott Haven Residents by building a community vegetable garden. This project helps revitalize unused outdoor space and expand food access to their community. Shebuilds is part of Rebuilding Together New York (RTNYC) which focuses on three things, (1) repairing homes for low income New Yorkers, (2) rebuilding lives through career training in construction, and (3) community revitalization through hands-on volunteering. This was an amazing day, and we are excited to see the advancements in the community. Molly (Cheslin) Esemplare Janet Matheson