Bilt Rewards

also referred to as: bilt

11 statements across 1 episodes · 9 bullish · 0 bearish · 1 people on the record · first statement Apr 4, 2023 by Ankur Jain · said 29 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Alex Lieberman (20), Ankur Jain (9)

tap a year for its mentions
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0112023episodes it came up in
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2023 29 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Bilt Rewards, oldest first

Apr 4, 2023 positive
Assertion Not checkable as stated
Bilt reached over $5B in annualized rent processing within 12 months
“We've gone in just that 12 months to processing over five billion dollars of rent annually alone.”
Ankur Jain Apr 4, 2023 ▶ 42:19 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 positive
Assertion Partly supported
Jain: Regulators Approved Using Rental History and Points for Mortgages
“We actually got the government, the regulators to work with us to allow your rental payment history To help you qualify for a mortgage and to use points for the first time ever is down payment assistance.”
Ankur Jain Apr 4, 2023 ▶ 18:18 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 bullish
Assertion Not checkable as stated
Jain: Bilt has had profitable unit economics from day one
“We have unit economics that are profitable from day one, right? So we can make money and not need capital.”
Ankur Jain Apr 4, 2023 ▶ 44:43 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 positive
Assertion Not checkable as stated
Jain: Bilt raised $190M total and operates profitably
“We've raised, we just did a hundred and fifty million dollar round. Before that we had done forty million, but the business has been profitable.”
Ankur Jain Apr 4, 2023 ▶ 46:03 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 bullish
Assertion Not checkable as stated
Jain: Bilt has penetrated only 600,000 of 43M US rental households
“There are forty three million rental households just in the United States, much less any other part of the world. And we've only launched 600,000 of those today.”
Ankur Jain Apr 4, 2023 ▶ 44:57 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 bullish
Assertion Supported
Jain: Bilt Partner Network Reaches 3 Million Apartments
“There are people who live in one of our three million apartments today, but there are a lot of people who don't. And if we, if for those people to have a solution, which is to use the built credit card, you can pay rent at any apartment building in the country…”
Ankur Jain Apr 4, 2023 ▶ 35:03 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 positive
Assertion Contradicted
Jain: HUD reversed its denial to let Bilt points fund down payments
“Later that day, I got an updated letter from HUD. That said, dear Mr. Jane, you're pleased to inform that your use case requested is approved, and that was that.”
Ankur Jain Apr 4, 2023 ▶ 40:54 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023
Insight
Ankur Jain: Innovation comes from applying models across industries, not thinking outside the box
“People love to use that phrase, think outside the box. Like, I hate that concept because thinking outside the box implies that you're just smarter than everybody else at that specific space. That is almost never what drives innovation. It's almost always that …”
Ankur Jain Apr 4, 2023 ▶ 23:23 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023
Disclosure
Jain: Bilt spent six months negotiating the wrong angle with Wells Fargo
“We spent so much time in the first six months talking about a credit card program with them, which was, like, totally the wrong conversation.”
Ankur Jain Apr 4, 2023 ▶ 55:42 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 positive
Disclosure
Jain: Bilt raised exclusively from landlords, banks, and Mastercard
“The reason we raised money was to create aligned long-term incentives with all of our partners. And so all of the money we raised was from real estate owners, the banks that we work with, Wells Fargo, Mastercar, the payment networks, And that was it.”
Ankur Jain Apr 4, 2023 ▶ 47:07 How This Founder Wants to Reward You for Paying Rent
Apr 4, 2023 bullish
Disclosure
Jain: Bilt is rolling out full payment collection to lock in distribution
“So it's like right now we are rolling out a payment solution for every apartment building to collect all rent payments through built. So whether you pay by check or ACH or credit card or the built card, we collect a hundred percent of payments. That is my numb…”
Ankur Jain Apr 4, 2023 ▶ 49:34 How This Founder Wants to Reward You for Paying Rent
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