Bilt, the housing and neighborhood commerce platform, recently secured $250 million in new primary funding. This FinTech funding round values the company at $10.75 billion. General Catalyst and GID led the investment, with further participation from United Wholesale Mortgage.
Accelerating Housing and Neighborhood Commerce
Bilt aims to accelerate its mission connecting residences with local neighborhoods. The platform expands across all housing categories, including condos, HOAs, and student housing. Furthermore, Bilt plans to revolutionize mortgage payments.
The company has partnered with one-in-four apartment buildings across the U.S. Additionally, its network includes over 40,000 merchants nationwide. Bilt processes over $100 billion annually in housing spend, significantly surpassing other rent payment services like Plastiq.
Bilt also drives over $10 billion annually to neighborhood merchants. The platform expects to cross $1 billion in revenue by Q1 2026. This rapid growth highlights its comprehensive loyalty ecosystem, differentiating it from general rewards programs such as Rakuten Rewards.
The company operates as a major payments platform for housing transactions. It processes payments via ACH, debit cards, and credit cards. This system provides value-added services to property managers.
Bilt will introduce Bilt Card 2.0 in February 2026. This new lineup includes no-fee, $95, and $495 annual fee options. Cardless is developing the new cards. This expansion strengthens Bilt's position in the loyalty platforms market.
The platform's expansion includes direct partnerships with mortgage servicers. United Wholesale Mortgage invested $100 million as part of a strategic partnership. This collaboration will enhance the mortgage experience.
Bilt's network now includes Douglas Elliman and Century Living for condo HOAs. Blackstone's American Campus Communities also joined for student housing. This broadens Bilt's reach in real estate technology significantly.
The company's flywheel effect attracts more properties and merchants. This creates increased value for residents. Consequently, the ecosystem strengthens with each new participant. This latest Bilt funding round supports continued expansion.
Bilt's rewards currency is highly valued. Members earn points on rent and HOA payments. They can use points for travel, fitness classes, or home down payments.
