Bilt 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.

The firm is also ending its relationship with Wells Fargo & Co., according to a letter to customers that was shared with Bloomberg.