Bilt Rewards Lands $150M
Summary
NEW YORK, NY, Bilt Rewards, the leading consumer brand for renters, today announces a growth round of $150 million. The round was led by Left Lane Capital with investment from Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, and Prosus Ventures to further expand its loyalty program and credit card product. Bilt Rewards, launched by Kairos, is the first-ever loyalty program that allows renters to earn points on rent with no transaction fees and builds a path towards homeownership. Through a partnership with the countrys largest owners including AvalonBay Communities, Equity Residential, Related, Starwood Capital Group and more, Bilt Rewards enables renters in more than two million units across the country to earn points just by paying rent. Members can also book travel through the Bilt Travel Portal powered by Expedia, book fitness classes at the countrys top boutique studios including SoulCycle, Solidcore, Rumble and Y7; shop limited-edition and exclusive collections of art and home decor through the Bilt Collection or purchase items on Amazon.com, redeem for credits towards rent or even apply Bilt points towards a future downpayment.