FT Partners Insights: How $3.1 billion Bilt Makes Money
Steve McLaughlin
Founder / CEO / Managing Partner at Financial Technology Partners / FT Partners / FinTech Partners
FT Partners Research is pleased to announce the publication of our new in-depth research report, "Bilt: A Rewards Network Centered On the Home & Neighborhood."?
Following Bilt's announcement of its FT Partners-advised $200 million financing round at a $3.1 billion valuation?(with Ken Chenault, former CEO of American Express, joining the board), the Company's writeup in Bloomberg, and the virtual fireside chat we hosted with CEO Ankur Jain on January 31, there has been a dramatic increase in interest in Bilt's business model. Given the large volume of inbounds, we worked with Bilt to take a deeper look at the Company's mission and business model, and its innovative approach to integrating the home and neighborhood into a comprehensive rewards network. While we don't share exact figures and unit economics, this profile should give readers a comprehensive look at the uniqueness of Bilt's network model, which has propelled the Company to $200 million in annualized revenue and profitability since its public launch in just March of 2022. Additionally, stay tuned for more information about an upcoming VIP panel with Ken and Ankur in the coming weeks.?
Key discussion topics of the report include:
Please feel free to view our new report at your convenience and, if you don't already, please follow us on Twitter?and visit our Research page for real-time updates on our deals, industry research and frequent transaction profiles.??
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7 个月I really appreciate your efforts for providing a high quality and in depth analysis of Bilt Rewards.
Chairman Cullinan Group
1 年What a cool model and quality analysis from FT partners. The concept of harnessing earn and spend at a community level is a real defense for community retailers against digitization, automation and scale players. You can make a coffee with a machine or robot but you can't sell it to the local community. Also great to see some excitement again about models that change the way things are done for the better. Even better that they are at the intersection of payments, loyalty, and better consumer value propositions.