🦄 Bilt Rewards: Earn rewards by paying rent

Bilt earns you rewards points each time you make your rent payments. It does this with its credit card, the Bilt Mastercard, which allows you to make your rent payments with a card (as opposed to cash). The card can be used with any of Bilt’s partner real estate companies, which include 15 of the top 20 major property owners.
🦄 Unicorner Startup of the Week: Bilt Rewards
 
 ✍️ Notes From The Editors  
Hope your weekend went well! Are you in LA? Catch us in Santa Monica at the dot.LA Summit at the end of this week! We’ll be there covering the latest and greatest tech updates in Southern California. Be sure to follow us on Twitter and LinkedIn to catch all our updates from the event.

As tenants in Los Angeles, we’ve come to understand the world of rent. Bilt Rewards stood out to us—after all, wouldn’t it be convenient to pay your rent with a credit card and get rewarded for it? We hope you enjoy this week’s cover!
 
 - Ethan and Arek 🦄
 
 
Earn rewards by paying your rent
 
 
Bilt earns you rewards points each time you make your rent payments. It does this with its credit card, the Bilt Mastercard, which allows you to make your rent payments with a card (as opposed to cash). The card can be used with any of Bilt’s partner real estate companies, which include 15 of the top 20 major property owners.
 
 
🔗 Check them out: biltrewards.com
 
 
💰 Business Model
Bilt takes part of the transaction fee charged by Mastercard when the Bilt credit card is used. It also charges partnered property managers for points distributed to tenants.
 
📈 Traction and Fundraising
  • Founded under the umbrella of Kairos HQ, an organization that focuses on building companies that solve foundational day-to-day issues
  • Raised $60 million seed round with investors like Kairos, Wells Fargo, Mastercard, Blackstone, and more
  • Over two million US-based rental properties eligible to earn rewards
 
👫 Founder(s)
  • Ankur Jain, CEO: Currently Founder & CEO @ Kairos HQ, Co-Founder & Chairman @ Rhino; Previously VP Product @ Tinder, Co-Founder & CEO @ Humin (acquired by Tinder), Economics @ UPenn
 
🔮 Our Analysis
To understand the motivation behind Bilt, one would have to understand Kairos HQ, its parent company. Kairos HQ was built with the objective of creating common-sense solutions to the world’s leading problems, like housing and healthcare. Rent is one of the biggest monthly expenses for the vast majority of Americans. And yet, in most cases, it doesn’t qualify for the same kinds of rewards that paying many other expenses does. By introducing rewards to rent, Bilt allows people to earn back on their largest expense—an added bonus for the nearly 109 million renters out there. Ankur Jain, Founder and CEO of Kairos HQ and Bilt, told us that Bilt’s goal is to make renting an enjoyable experience and even help build a path towards homeownership. Its partnerships look promising, and we’re excited to see how Bilt changes the renting industry for the better. We’d love to hear from you: what are your biggest rent pain points?
 
📚 Further Reading
 
 
If you enjoyed today's article, forward this email to a friend!
If you're just seeing this email now, subscribe here.
 
Made with 💜 by the Unicorner Team 🦄
 
 
🎁 Bonus Content!
Finding ways to use artificial intelligence in a startup can be tempting to just about any founder. But have you thought about what responsible AI practices really look like? Check out this TechCrunch article from Harvard researcher Tom Zick on how responsible AI practices can mean building better startups.
 
 
Twitter
LinkedIn
 
 
This email was sent to you
You received this email because you signed up with Unicorner.
 
Unsubscribe here 💔
 

Key phrases

Older messages

🦄 nate: Buy anything with one click

Monday, October 18, 2021

nate is a universal shopping app that allows you to make purchases from any brand in one click. When a user wants to purchase an item, they can simply share the webpage with the nate app. The company

🦄 Read AI: Track online meeting engagement

Monday, October 11, 2021

Read is a real-time dashboard that measures the engagement and mood of attendees during an online meeting. The company uses artificial intelligence, natural language processing, and computer vision to

🦄 Cadoo: Earn money through fitness

Monday, October 4, 2021

Cadoo is motivating people to be active with a financial incentive. It allows users to enter fitness challenges for a fee. Users who successfully complete the challenge are refunded their entry fee and

You Might Also Like

Partnering with Dropzone: Automating Security Operations with AI

Thursday, April 25, 2024

Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here.​ ​Partnering with Dropzone: Automating Security Operations with

if I were starting over today…

Thursday, April 25, 2024

Read time: 1 min, 20 sec A lot of people ask me: “Pat, what would you do if you were starting all over today?” Most of the time, I think they're looking for a quick fix. (hint: there's no such

Free ecomm coaching from multi-7-figure founders >

Thursday, April 25, 2024

Sign up for foundr+ to learn more > , Here at Foundr, we believe that taking initiative should ALWAYS be rewarded. That's why YOU, as a summit attendee, will get to join an exclusive 4-week

[SaaS Club] The Long Road to Building a Scalable Enterprise SaaS

Thursday, April 25, 2024

Hey Reader Let's connect on LinkedIn! Follow me to stay in touch! Here's a quick round up of what's been going on at SaaS Club: 🎧 Podcast SightCall: The Long Road to Building a Scalable

📂 Virality can be engineered even if it’s not inherent to the product

Thursday, April 25, 2024

​ ​ ​ ​ Today's newsletter is proudly supported by Videodeck 🎉 One of the most common questions I've gotten in the last year is: "How do we get started with video marketing?" So I

My #1 regret in life

Thursday, April 25, 2024

This email is from THIS podcast - Spotify - iTunes HAPPY THURSDAY! I'm hosting a private office hour at 12pm CT on April 26th for people on this email list ONLY. If you wanna hang out and ask me

🗞 What's New: An underrated way to find marketing channels

Thursday, April 25, 2024

Also: Building for other founders! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Growth Newsletter #174

Thursday, April 25, 2024

Demand Curve Read on demandcurve.com The Growth Newsletter #174 How to actually write a strategy document We all obsess over the business “idea.” 9 times out 10 what we mean is the product: An electric

How to name a business

Thursday, April 25, 2024

​ Lots of people have asked me: "how do I stay up to date with your podcasts with all those free startup ideas?". Good news! If you want to be added to get notifications for when new The

He sold 4 micro-startups on Microns

Thursday, April 25, 2024

Hey guys. This month I spent preparing our marketplace for Product Hunt launch. We fixed many bugs and prepared platform for high load. Thank you everyone who provided feedback, it makes our project