Bold Names Why Bilt’s CEO Wants You To Pay Your Mortgage With a Credit Card
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Feb 14, 2025 Ankur Jain, founder and CEO of Bilt Rewards, discusses his innovative journey transforming the way payments are made for rent and mortgages. Inspired by American Express’s rewards programs, he reveals plans for homeowners to earn points on mortgage payments. Jain shares insights about the challenges of modernizing payment systems for younger customers and the partnerships with banks that could disrupt traditional financial dynamics. He also emphasizes the importance of legal immigration in fostering innovation within the tech sector.
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Bilt's Origin
- Ankur Jain founded Bilt Rewards to modernize rent payments and offer rewards.
- Bilt partners with major rental companies and offers points, credit building, and a path to homeownership.
Bilt's Value Proposition
- Bilt addresses landlords' concerns about credit card processing fees by sharing profits and offering rewards.
- This incentivizes both tenants and landlords to use the platform.
Bilt's Partnership with Wells Fargo
- Bilt partners with Wells Fargo for a co-branded credit card, offering additional benefits to renters.
- This partnership has been crucial for Bilt's growth but has faced profitability challenges.