The $3 BILLION TRUTH behind Bilt Rewards

Описание: Bilt Rewards is a new fintech company that lets you earn loyalty points by paying rent through its branded credit card.

Bilt is based in New York City and has raised $413M at a valuation of $3.1B. Ankur Jain is its founder and CEO.

The truth behind the startup’s business came to light when a recent Wall Street Journal article revealed that its partner underwriter; Wells Fargo Bank, was losing $10M a month, or $120M a year, on their partnership.

In this video, we’ll explore how Bilt got started, how its business model works, why Wells Fargo is losing so much money, and what the future holds for Bilt…

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Video chapters:
00:00 Intro to Bilt Rewards
00:58 How Bilt Rewards got started
03:16 What's Bilt's business model?
05:37 Why Wells Fargo is losing money from its Bilt partnership
07:41 The future of Bilt Rewards