Bilt Rewards obtains USD 150 million

Since raising USD 200 million in funding and nearly doubling its valuation, Bilt Rewards saw substantial expansion across several areas of its business, with the growth being supported by the expansion of its resident loyalty program. The company expanded the reach of its program to more apartment buildings and entered into the condominium and HOA markets. Moreover, Bilt Rewards’ neighbourhood loyalty program increased its merchant base, currently including approximately 21,000 restaurants and 3,500 fitness studios. Also, through the previous investment, the company modified its leadership structure, which further solidified its strategic position in the market.

Furthermore, representatives from Bilt Rewards underlined that, by connecting residents, property owners, and local businesses, their company aims to develop an ecosystem that provides benefits to all parties involved. The firm intends to continue to scale its resident loyalty program, planning to partner with seven of the ten largest multifamily owners in the US. Bilt Rewards’ officials also highlighted that the current funding accelerates the company’s commitment to reward US residents for how they live and spend in their communities. The company is currently working on growing its neighbourhood loyalty program, expanding into several categories, such as healthcare, gas, and groceries. By having members in all 50 US states, Bilt Rewards intends to create an optimised platform that can support residents, property owners, and local businesses across the region.

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