Bilt, a rent payment platform, has announced a $200 million investment that has doubled its valuation to $3.1 billion. The funding round was led by General Catalyst, with the firm’s chairman and managing director, Ken Cheneault, becoming Bilt’s new chairman. In addition, NFL Commissioner Roger Goodell has joined the board of the proptech firm. Bilt allows users to pay rent with a credit card and build a credit history in the process. The company has partnerships with major apartment building owners and its rewards for payments within its network can be used for various purposes, including rent, hotel stays, and even down payments on home purchases.
Explosive $200M Funding Boost Supercharges Bilt’s Rent Platform Growth
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