"Our partnership with Bilt marks a pivotal first step in our journey to bring everyday commerce directly into the Venmo experience, said Diego Scotti, general manager of consumer at PayPal, in a statement. Millions of people already use Venmo to split rent with roommates and pay their landlords, now we're making that experience even more seamless and rewarding."
"Venmo is one of the most relevant and trusted payment experiences in America, so bringing it into the Bilt ecosystem is a game-changer for our members, said Ankur Jain, founder and CEO of Bilt. He continued, Venmo isn't just a payment methodit's how millions of people connect and engage with each other every day. By combining Venmo's reach, simplicity, and social connectivity with Bilt's rewarding rent and neighborhood commerce network, we're giving millions of renters more flexibility with how they pay and more value every single month. This is exactly the kind of innovation that moves our industry forward."
Venmo and Bilt partnered to allow members to make payments through the Bilt app or within Venmo using Venmo balances or linked payment methods. The integration connects renters and homeowners with over 45,000 participating businesses in Bilt's ecosystem, including restaurants, retailers, and pharmacies. Venmo has nearly 100 million active accounts while Bilt has five million members. The partnership aims to make rent payments more seamless and rewarding and to bring everyday commerce into the Venmo experience. United Wholesale Mortgage also plans to offer rewards on mortgage payments through a partnership and investment with Bilt, with services rolling out in early 2026.
Read at www.housingwire.com
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