Bilt Raises $250 Million at $10.75 Billion Valuation to Accelerate Housing and Neighborhood Commerce Platform

Points-on-rent startup Bilt announces new rewards credit cards with Cardless and a $250 million funding round

Rewards startup Bilt, which made its name by offering renters the opportunity to earn points on rental payments, is building itself a lofty valuation—and introducing a handful of new cards to boot. The company announced on Thursday that it has raised $250 million in new funding, bringing its total valuation to $10.75 billion, more than twice its valuation from roughly a year ago. It’s also introducing Bilt Card 2.0, an upgraded credit card offer…

Bilt Raises $250 Million at $10.75 Billion Valuation to Accelerate Housing and Neighborhood Commerce Platform

NEW YORK--(BUSINESS WIRE)--Jul 10, 2025-

Bilt Rewards Triples Valuation to $10.8 Billion in Mortgage Push

Bilt Rewards, the platform best known for doling out rewards points for rent payments, more than tripled its valuation to $10.8 billion in a fresh funding round as it seeks to do the same for mortgages.

Bilt Raises $250 Million At $10.75 Billion Valuation To Accelerate Housing And Neighborhood Commerce Platform

Today marks a defining moment in Bilt’s mission to transform how Americans engage with their largest spending categories. Bilt announced it has raised $250 million in new primary funding, valuing the company at $10.75 billion. The round was led by General Catalyst and GID, with a significant strategic investment from United Wholesale Mortgage.

Bilt Raises $250 Million at $10+ Billion Valuation

Bilt raised $250 million in new funding, boosting its total raised to $813 million and reaching a $10.75 billion valuation. The company is expanding its rewards program to cover more housing categories like condos, HOAs, student housing, and even mortgage payments through a partnership with new investor United Wholesale Mortgage. Bilt is also developing new credit card options, including a no-fee card and two premium tiers. Loyalty platform Bilt…

Bilt Rewards, which offers rewards points for rent payments, raised $250M led by General Catalyst and GID at a $10.75B valuation, up from $3.1B in January 2024