Bilt, Startup Turning Rent Into Points, Valued at $1.5 Billion
- Left Lane Capital, Wells Fargo part of $150 million round
- Bilt points can be used toward rent or as home down payment
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Bilt Rewards, which operates a loyalty program and credit card that converts rent payments into points, said its valuation more than quadrupled to $1.5 billion.
Left Lane Capital led the $150 million equity funding round, which featured Wells Fargo & Co, Greystar, Invitation Homes Inc., Camber Creek, Fifth Wall, Smash Capital, Prosus Ventures and Kairos, Bilt Chief Executive Officer Ankur Jain said in an interview.