Bilt, which turns rent into points, sees valuation quadruple to $1.5 billion

New York-based Bilt Rewards, which operates a loyalty program and credit card that converts rent payments into points, said its valuation more than quadrupled to $1.5 billion following a $150 million funding round. The round was led by Left Lane Capital and also featured Wells Fargo. Launched in 2021, the unicorn earlier raised $60 million on a $350 million valuation.