Bilt Rewards CEO Ankur Jain Hosts Martha Stewart and Serena Kerrigan at Exclusive Dinner
Ankur Jain, the billionaire founder and CEO of Bilt Rewards, recently hosted an exclusive dinner attended by lifestyle mogul Martha Stewart, digital content creator Serena Kerrigan, and other notable figures. While details of the dinner remain private, the event underscores Jain's growing influence and Bilt Rewards' prominent position within high-profile business and media circles.
Bilt Rewards' Recent $250 Million Funding Round and $10.75 Billion Valuation
The exclusive dinner comes on the heels of significant developments for Bilt Rewards. The company recently secured $250 million in a new funding round, boosting its valuation to an impressive $10.75 billion. This marks a substantial increase from its previous valuation of $3.1 billion in January 2024, highlighting the rapid growth and investor confidence in the fintech startup.
Strategic Shift: Expanding Beyond Rent Rewards to Housing Payments
Bilt Rewards is strategically expanding its focus from solely rent rewards to encompassing the entire housing payment journey. This pivot aims to provide users with more comprehensive benefits and solidify Bilt's position as a key player in the housing finance ecosystem. This strategy involves various new partnerships and service offerings.
Partnership with UWM to Integrate Mortgage Rewards
A key aspect of Bilt's expansion is its partnership with United Wholesale Mortgage (UWM), a major investor. UWM will integrate Bilt into its mortgage servicing ecosystem, allowing users to earn rewards on their mortgage payments, starting in early 2026. This collaboration provides Bilt users with a valuable new avenue for earning rewards and strengthens its ties to the mortgage industry.
Revamping Credit Card Offerings with New Paid Tiers
In February 2026, Bilt plans to revamp its credit card offerings, introducing two new paid tiers alongside its existing no-annual-fee option. These paid tiers, priced at $95 and $495 annually, are being launched in partnership with Cardless, signaling a transition from its previous partnership with Wells Fargo. These new offerings will provide more options for Bilt users based on their spending habits and desired rewards.
Expansion to Student Housing, HOA Fees, and Neighborhood Commerce
Beyond rent and mortgage payments, Bilt is expanding its rewards program to include student housing, Homeowner Association (HOA) fees, and purchases with "neighborhood commerce" partners. This expansion aims to make Bilt Rewards more relevant to a wider range of housing-related expenses.
Luxury Travel Platform: "Home Away From Home"
On July 17, 2025, Bilt Rewards unveiled "Home Away From Home," a luxury hotel booking platform designed for its gold- and platinum-tier members (those with at least 125,000 earned points). This platform, in partnership with Virtuoso, offers premium perks such as early check-in, room upgrades, and dining credits, catering to the travel needs of its high-value members.
Student Loan Redemption Option Added
In April, Bilt introduced a student loan redemption option, allowing users to redeem their points towards student loan payments. This added benefit provides a practical and valuable use for Bilt Rewards points, appealing to a demographic burdened with student debt.
Projected Revenue and New Headquarters
Bilt Rewards anticipates processing over $100 billion in annual housing payments by the end of 2025 and projects nearly $1 billion in revenue by the first quarter of 2026. To accommodate its rapid growth, Bilt is moving into a new 52,000-square-foot headquarters in Manhattan's Meatpacking District.
Martha Stewart's Recent Activities and Projects
Martha Stewart, one of the attendees at Ankur Jain's exclusive dinner, has been actively involved in various projects. Recently, she addressed a controversy surrounding an Australian recipe. She has also been making numerous appearances, including speaking at Vivid in Sydney and co-hosting a new cooking show, "Yes, Chef!", alongside José Andrés. Additionally, a Netflix documentary titled "Martha" is scheduled for release on October 30.
Serena Kerrigan's Ventures in Content Creation and TV
Serena Kerrigan, another guest at the dinner, has been expanding her influence in the content creation and entertainment industries. She recently starred in Peacock's web miniseries "Older, Hotter, Wiser," which she developed, wrote, and starred in. Kerrigan also recounted a humorous encounter where Taylor Swift politely declined a free pack of her card game. Kerrigan continues to focus on her "SFK" brand, which includes her card games, live events, and Substack newsletter, "The Plot."
