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In June 2021, Jain launched Bilt Rewards,<ref name=":0" /><ref name=":1" /><ref name=":2" /><ref name=":3" /><ref name=":4" /><ref name=":5" /><ref name=":6" /><ref name=":7" /><ref name=":8" /><ref name=":9" /><ref name=":10" /> a company he incubated at his venture fund, Kairos.<ref name=":15" /><ref name="WiredMag2017" /><ref name=":16" /><ref name="Pilon 2018" /> Bilt Rewards operates both a loyalty program and a co-brand credit card, the Bilt Mastercard, that enable consumers to earn points on their rent payments with no transaction fees, while also building a path to homeownership. The Bilt Rewards loyalty program was developed in partnership with an alliance of the nation’s largest real estate owners, while the Bilt Mastercard was developed with and issued by Wells Fargo.
In June 2021, Jain launched Bilt Rewards,<ref name=":0" /><ref name=":1" /><ref name=":2" /><ref name=":3" /><ref name=":4" /><ref name=":5" /><ref name=":6" /><ref name=":7" /><ref name=":8" /><ref name=":9" /><ref name=":10" /> a company he incubated at his venture fund, Kairos.<ref name=":15" /><ref name="WiredMag2017" /><ref name=":16" /><ref name="Pilon 2018" /> Bilt Rewards operates both a loyalty program and a co-brand credit card, the Bilt Mastercard, that enable consumers to earn points on their rent payments with no transaction fees, while also building a path to homeownership. The Bilt Rewards loyalty program was developed in partnership with an alliance of the nation’s largest real estate owners, while the Bilt Mastercard was developed with and issued by Wells Fargo.


In October 2022, Bilt Rewards, announced a growth round of $150 million led by Left Lane Capital with investment from Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, and Prosus Ventures to further expand its loyalty program and credit card product. The new capital valued Bilt Rewards at $1.5 billion.<ref name=":11" /><ref name=":12" /><ref name=":13" /><ref name=":14" />
In October 2022, Bilt Rewards, announced a growth round of $150 million led by [[Left Lane Capital]] with investment from Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, and Prosus Ventures to further expand its loyalty program and credit card product. The new capital valued Bilt Rewards at $1.5 billion.<ref name=":11" /><ref name=":12" /><ref name=":13" /><ref name=":14" />


== References ==
== References ==

Revision as of 18:54, 28 September 2023

Ankur Jain
Founder and CEO Bilt Rewards
Born1990 (age 33–34)
Bellevue, Washington, US
EducationWharton School of the University of Pennsylvania
Occupation(s)Founder and CEO of Bilt Rewards
Employer(s)Bilt Rewards (Founder & CEO)

Kairos (Founder)

Tinder (Fmr VP of Product)
PartnerErika Hammond
FatherNaveen Jain
Websiteankurjain.net

Ankur Jain (born c. 1990)[1] is an American entrepreneur and investor who is the founder and CEO of Bilt Rewards,[2][3][4][5][6][7][8][9][10][11][12] the first loyalty program that allows renters to earn points on rent. Jain has grown the company to a valuation of $1.5 billion since its launch in June 2021.[13][14][15][16]

Prior to launching Bilt Rewards, he was the founder and CEO of Kairos.[17][18][19][20] He was previously the founder and CEO of technology company, Humin,[21] which was acquired by Tinder in 2016.[22] After the acquisition, Jain served as VP of Product for Tinder[23] until May 2017.

Jain has been a frequent guest on CNBC[24][25][26][27] and Fox Business Network.[28][29][30][31] In October 2017, Jain was named a Young Global Leader by the World Economic Forum.[32] He was called “The Best Connected 21-year-old-in the World” by Inc.[1] and named to the 30 under 30 list by Forbes,[33] as well as similar lists by Inc.[34] and The Christian Science Monitor.[35]

November 15, 2022 Jain proposed to his girlfriend and founder of Equinox’s KNOCKOUT fitness program, Erika Hammond.

Early life

Ankur Jain was born in Bellevue, Washington, part of the Seattle metropolitan area.[36][37] He grew up in Redmond, Washington and his parents are Anu and Naveen Jain, both entrepreneurs in the technology industry.[18]

Jain attended Wharton School of the University of Pennsylvania.[38][39]

Career

In 2008, Jain founded the Kairos Society, an incubator for young entrepreneurs.[38][39] Through Kairos, Jain identified entrepreneurs coming out of universities and worked with them to launch new ventures tackling issues in areas like healthcare, clean water, global transportation, and education. As of May 2017, companies coming out of the Kairos program have gone on to raise a total of more than $600 million and have a combined value of more than $3 billion.[36] Kairos Society was also named a partner in President Barack Obama's Startup America Partnership.[38]

In 2012, Jain left to become the founder and CEO of technology company, Humin.[18][40] The San-Francisco-based startup developed a new address book that organized contacts by contextual cues like where people met, where contacts live, and what they do.[41][42] Jain raised $15 million for Humin before the company was acquired by Tinder in 2016.[36]

Following the acquisition, Jain stayed on as vice president of product at Tinder.[22][23][40] He is rumored to be behind the development of Tinder Select, a version of Tinder for famous celebrities and public figures.[43]

Jain left Tinder in May 2017 to rejoin Kairos and launch a new venture fund focused on building solutions to issues such as student debt, affordable housing, child care, and worker retention.[44] Since the fund’s announcement, Jain has helped launch a company called Rhino to replace security deposits with a low monthly fee.[45] He has also partnered with UK-based startup, Cera, to bring home care to the elderly.[20][46]

In June 2021, Jain launched Bilt Rewards,[2][3][4][5][6][7][8][9][10][11][12] a company he incubated at his venture fund, Kairos.[17][18][19][20] Bilt Rewards operates both a loyalty program and a co-brand credit card, the Bilt Mastercard, that enable consumers to earn points on their rent payments with no transaction fees, while also building a path to homeownership. The Bilt Rewards loyalty program was developed in partnership with an alliance of the nation’s largest real estate owners, while the Bilt Mastercard was developed with and issued by Wells Fargo.

In October 2022, Bilt Rewards, announced a growth round of $150 million led by Left Lane Capital with investment from Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, and Prosus Ventures to further expand its loyalty program and credit card product. The new capital valued Bilt Rewards at $1.5 billion.[13][14][15][16]

References

  1. ^ a b Helm, Burt (June 27, 2011). "Meet Ankur Jain, the Best-Connected 21-Year-Old in the World". Inc.com. Retrieved June 26, 2018.
  2. ^ a b CEPF, Jasmin Baron. "You can now earn points for paying rent — without any fees — with the brand-new Bilt Rewards program and credit card". Business Insider. Retrieved 2023-01-13.
  3. ^ a b Rent taking up close to half of peoples' incomes, says Bilt Rewards CEO Ankur Jain, retrieved 2023-01-11
  4. ^ a b Bilt Rewards Turns Rent Into Points, 25 October 2022, retrieved 2023-01-11
  5. ^ a b Gravier, Elizabeth. "Earn points on your biggest monthly expense, rent, for no fee with the Bilt Rewards credit card". CNBC. Retrieved 2023-01-13.
  6. ^ a b Haverstock, Eliza. "This Startup Built A Rewards Credit Card For Your Rent—But Its Long Game Is To Win A Place In Tomorrow's Mortgage Market". Forbes. Retrieved 2023-01-13.
  7. ^ a b Crook, Jordan (2021-06-22). "A rewards program for your rent payments? Meet Bilt". TechCrunch. Retrieved 2023-01-13.
  8. ^ a b "Kairos CEO on new way for consumers to pay rent with credit cards". CNBC. Retrieved 2023-01-13.
  9. ^ a b Parker, Will (22 June 2021). "Renters Could Collect Home Down-Payment Points With Credit Card". Wall Street Journal. Retrieved 2023-01-13.
  10. ^ a b "Bilt Technologies CEO breaks down rewards system to help finance home down payments". Fox Business. 24 June 2021. Retrieved 2023-01-13.
  11. ^ a b Gabrielle, Natasha. "Now you can earn credit card rewards just for paying rent through Bilt Mastercard". USA TODAY. Retrieved 2023-01-13.
  12. ^ a b "Wells Fargo, Mastercard Back Bilt, Which Turns Rent Into Points". Bloomberg.com. 2021-09-21. Retrieved 2023-01-13.
  13. ^ a b Hall, Christine (2022-10-25). "Bilt Rewards' valuation jumps to $1.5B following new $150M growth round". TechCrunch. Retrieved 2023-01-13.
  14. ^ a b "Bilt, Startup Turning Rent Into Points, Valued at $1.5 Billion". Bloomberg.com. 2022-10-25. Retrieved 2023-01-13.
  15. ^ a b Rent taking up close to half of peoples' incomes, says Bilt Rewards CEO Ankur Jain, retrieved 2023-01-13
  16. ^ a b Rebong, Kevin (2022-10-25). "Bilt Rewards Becomes Proptech Unicorn, Launches Bilt Homes". The Real Deal. Retrieved 2023-01-13.
  17. ^ a b Schiller, Ben (2017-11-16). "What Do Dr. Oz, Bobbi Brown, And Vicente Fox Have In Common? Apparently This New Social Entrepreneurship Fund". Fast Company. Retrieved 2018-02-21.
  18. ^ a b c d Hempel, Jessi (2017-06-28). "The Master Networker Will Connect You Now". WIRED. Retrieved 2018-02-21.
  19. ^ a b Coonan, Clifford (June 13, 2016). "Young tech entrepreneur Ankur Jain is seeking to solve the world's biggest problems". The Irish Times. Retrieved June 26, 2018.
  20. ^ a b c Pilon, Mary (2018-08-23). "How Ankur Jain and Kairos Help Young Entrepreneurs Solve the Toughest Global Problems". Entrepreneur. Retrieved 2018-08-27.
  21. ^ Mims, Christopher (2014-07-21). "Meet Your Digital Butler: a 'Social OS'". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-06-26.
  22. ^ a b Lagorio-Chafkin, Christine (March 29, 2016). "Why Tinder Swiped Right on This Deal". Inc.com. Retrieved June 26, 2018.
  23. ^ a b Swisher, Kara (March 29, 2016). "As Expected, Tinder Buys Humin to Goose Better Relationships". Recode. Retrieved July 3, 2018.
  24. ^ "Kairos CEO: Fund aims to disrupting Silicon Valley's culture". CNBC. November 16, 2017. Retrieved June 26, 2018.
  25. ^ "Kairos Society founder predicts baby boomers will become the new millennials. Here's why". CNBC. January 10, 2018. Retrieved June 26, 2018.
  26. ^ "Rhino aims to lower fees on rental deposits. Here's how". CNBC. March 19, 2018. Retrieved 2018-06-26.
  27. ^ "Kairos CEO: Cera is making senior home care affordable". CNBC. May 2, 2018. Retrieved June 26, 2018.
  28. ^ "Making the exchange of contact info less awkward". Fox Business. August 21, 2015. Retrieved June 26, 2018.
  29. ^ "What can social media companies do to fight crime online?". Fox Business. April 19, 2017. Retrieved June 26, 2018.
  30. ^ "Refocusing technology on tackling America's biggest issues". Fox Business. January 11, 2018. Retrieved June 26, 2018.
  31. ^ "YouTube mistakenly shuts down conservative channels, videos". Fox Business. March 1, 2018. Retrieved June 26, 2018.
  32. ^ Gillett, Rachel (October 27, 2017). "These Americans are changing the world — and they're all under 40". Business Insider. Retrieved June 26, 2018.
  33. ^ Bertoni, Steven (January 5, 2015). "Ankur Jain, 24, David Wyler, 29 - pg.14". Forbes. Archived from the original on January 8, 2015. Retrieved June 26, 2018.
  34. ^ "Top Young Entrepreneurs of 2011: 30 Under 30". Inc. June 27, 2011. Retrieved June 26, 2018.
  35. ^ Eulich, Whitney (January 1, 2012). "Thirty ideas from people under 30: The Entrepreneurs: Ankur Jain: Solution broker". Christian Science Monitor. ISSN 0882-7729. Retrieved June 26, 2018.
  36. ^ a b c Wolfe, Alexandra (2017-05-19). "A Booster for Young Entrepreneurs". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-02-21.
  37. ^ Colarusso, Gabriella (2017-11-30). "Ankur Jain: "La Silicon Valley ha rimosso i bisogni veri"". pagina99 (in Italian). Archived from the original on 2018-08-16. Retrieved 2018-02-21.
  38. ^ a b c Herrup, Katharine (2011-02-25). "Into the future with the Kairos Society". Reuters. Archived from the original on 2011-02-28. Retrieved 2018-02-21.
  39. ^ a b Prior, Ryan (2017-05-03). "Inside Kairos Society, a network that could launch the next big startup". CNNMoney. Retrieved 2018-02-21.
  40. ^ a b Bertoni, Steven (2016-03-29). "Tinder Buys Humin In Push To Improve Its Dating Game". Forbes. Retrieved 2018-03-20.
  41. ^ McFarland, Matt (2014-01-20). "Humin: The app that uses context to enable better human connections". Washington Post. ISSN 0190-8286. Retrieved 2018-02-23.
  42. ^ Bell, Karissa (June 1, 2014). "First Look at Humin, the App That Wants to Take Over Your Phone". Mashable. Retrieved July 3, 2018.
  43. ^ McAlone, Nathan (May 19, 2017). "Tinder's VP of product is leaving the company". Business Insider. Retrieved July 3, 2018.
  44. ^ Ha, Anthony (2017-03-09). "The Kairos Society, an organization for young entrepreneurs, has raised its own venture fund". TechCrunch. Retrieved 2018-02-23.
  45. ^ Michaels, Matthew (February 28, 2018). "A venture fund focused on middle-class problems is tackling a huge obstacle for millennial renters". Business Insider. Retrieved July 3, 2018.
  46. ^ Henry, Zoë (November 16, 2017). "Kairos Commits $25 Million to Startups Addressing 'Real Problems'". Inc. Retrieved July 3, 2018.
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