Ankur Jain Becomes Billionaire with Bilt’s Innovative Rental Payment System

Ankur Jain's ascent from Forbes' 30 Under 30 list to billionaire status was predominantly fueled by the success of his startup, Bilt, and occurred in less than a decade. Bilt has transformed rental payments into opportunities for renters to improve their credit scores and receive rewards by utilizing the company's credit card, all without transaction fees. Jain, who is currently 34, initially obtained recognition as a Co-Founder of Humin, an application that improved phone contact management by incorporating contextual search capabilities. Jain was appointed Vice President of Product at Tinder following the acquisition of Humin by the company in 2016. This appointment serves as an illustration of his entrepreneurial ability.

Over the last five years, Bilt has grown rapidly, attracting renters nationwide and partnering with property owners managing over four million rentals, including both apartments and single-family homes. Bilt’s innovative approach and success have been highlighted by substantial funding rounds, with the latest in January securing $200 million. This brings Bilt’s total funding to $413 million and values the company at $3.1 billion. This valuation has cemented Bilt’s status as a major fintech player and elevated Jain to the Forbes Billionaires List, with his 36% stake in Bilt translating to an estimated net worth of $1.2 billion.

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