Ankur Jain, founder and CEO of Bilt Rewards, revolutionised the US rental market by turning rent payments into rewards. As per the ‘Forbes’ His startup, valued at $3.1 billion in 2024. Bilt allows renters to earn points redeemable across airlines, hotels, and restaurants. The Home rental rewards startup is based in New York City. He transformed the way people approach rent payments, turning them into a rewarding experience.

Ankur Jain, a Wharton School of Business graduate, spotted a unique opportunity to turn rental payments into rewards. This innovative approach aimed to benefit people who were leasing or renting properties in America. By transforming what would typically be recurring expenses into a chance to earn valuable points, renters found themselves getting more value for their money.

Jain’s experiment not only provided financial perks for renters but also introduced a fresh perspective on how everyday payments could work to their advantage, making the rental experience more rewarding and appealing.

Various reports suggest that, on average, people in the U.S. spend at least 30% of their income on rent. Jain saw an opportunity to ease this financial burden and began offering rewards to renters. By doing so, he quickly established his name in the rental market. Jain’s Bilt Rewards changed the rental market by tackling one of renters’ biggest frustrations: paying rent without gaining any financial benefit. He introduced a credit card that allowed tenants to pay their rent without extra fees, a concept that was previously thought to be impossible. Jain, who is CEO, owns about 36% of Bilt Rewards, which is based in New York City.

Net Worth of Ankur Jain

According to Forbes, Ankur Jain’s home rental rewards startup, Bilt Rewards, raised $200 million from private investors, bringing its valuation to $3.1 billion as of January 2024. Before venturing into the world of home rentals, Jain served as the VP of Products at Tinder. Ankur’s father, Naveen Jain, was a former Microsoft executive and briefly became a billionaire in 2000 when the shares of InfoSpace, the search engine he founded, peaked. Ankur Jain, the CEO of Bilt Rewards, owns approximately 36% of the company, which is headquartered in New York City.

His Love, Former WWE Wrestler Erika Hammond

Ankur Jain and former WWE wrestler Erika Hammond’s wedding was nothing short of a fairytale. The couple tied the knot in a breathtaking ‘blitz and glam’ celebration, set against the awe-inspiring backdrop of the Egyptian pyramids. The event was filled with dazzling lights, elegant decor, and a touch of ancient magic, making it a truly unforgettable experience for everyone who attended. Their love story, marked by such a grand and romantic setting, captured the hearts of many and became a global sensation. Jain married Erika in presence of about 130 people. In addition to the wedding ceremony, the pre-wedding festivities were equally extravagant. The lavish three-day safari excursion in South Africa reportedly costed a hefty price tag of $2,000 per night, according to The Sun US. After soaking in the wild beauty of South Africa, the couple and their guests then jetted off to Egypt in a private plane, continuing their grand adventure with more luxurious experiences.

The three-day safari excursion in South Africa reportedly costed a whooping $2,000 per night, The Sun US has reported. After the three-day SA trip, the couple then flew to Egypt in a private jet along with their guests.

His Company- Bilt

At 34, Ankur Jain first captured the spotlight as a co-founder of Humin, an innovative app that revolutionized phone contact management with its contextual search capabilities. His entrepreneurial prowess was further underscored when Humin was acquired by Tinder in 2016. This acquisition led to Jain taking on the role of Vice President of Product at Tinder, where he continued to showcase his talent for driving innovative solutions. During this time, Jain honed his focus on improving user experiences and utilizing technology to tackle consumer challenges, which eventually led to the launch of Bilt in 2019.

Bilt quickly gained traction. Jain’s idea which was compelling to property managers, made them join Bilt. His promise to them was them that he will make their “tenants never want to leave them”. Unlike traditional rental payment systems, Bilt offers a fresh approach by rewarding renters with substantial points and enhancing their credit scores when they pay rent using Bilt’s credit card. What truly sets Bilt apart is its dedication to eliminating the transaction fees that typically burden renters.

Over the past five years, Bilt has expanded rapidly, capturing the interest of renters across the nation and forming partnerships with property owners managing more than 4 million rentals, including apartments and single-family homes.

Honors and Recognition

Ankur Jain has garnered widespread recognition for his many accomplishments throughout his career. In 2017, he was named a Young Global Leader by the World Economic Forum. Prior to that, in 2011, Inc. magazine called him the “Best Connected 21-Year-Old in the World” and featured him on their renowned “30 Under 30” list. In 2012, the Christian Science Monitor included him in their “30 Under 30: Solution Brokers” list, acknowledging his exceptional problem-solving abilities.

Born in 1990 in the peaceful city of Bellevue, Washington, Ankur Jain spent his formative years in the lively Redmond area. The technological buzz of the Pacific Northwest was all around him as he grew up, undoubtedly sparking and nurturing his innovative spirit.
Surrounded by the dynamic environment of tech giants and startups, Jain developed a keen sense for innovation and entrepreneurship, which later played a pivotal role in his remarkable journey in the tech world and beyond.