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MYZ Food & Drinks
MYZ Food & Drinks
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Tuesday 24 September 2024 16:11:01 GMT
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This guy turned your rent into a $10 billion empire 🏠💰 In 2018, Ankur Jain sits down for dinner with one of the biggest real estate tycoons in the world and realizes you spend more on rent than anything else in your life, but you get absolutely nothing back.  Meanwhile airlines hand out free flights just for buying groceries, and hotels give you free nights just for checking in. So Ankur gets to work. He spends 18 months fighting regulators in Washington until the FHA rules that renters can officially earn reward points toward a mortgage down payment.  Then he pitches landlords, and everyone shows him the door. ✓ Gets a second chance when COVID hits and every door opens back up, with airlines needing passengers and landlords needing renters who pay ✓ Builds his own loyalty currency when landlords refuse to fund the rewards program ✓ Lets you pay rent, earn points, and redeem them for flights, hotels, or a down payment on your first home ✓ Launches in 2021 with Mastercard, Wells Fargo, and the country's biggest property owners Rent gives you nothing back → flights reward groceries but not rent → 18 months to change federal rules → landlords say no → COVID reopens every door → builds his own points currency → $100B in rent processed and a $10.75B valuation. Sometimes the biggest opportunity is the huge expense everyone pays and nobody thought to reward. What massive everyday expense could you turn into something people get rewarded for? 🤔 #Business #Bilt #Rewards #Success #Entrepreneur @Bilt
This guy turned your rent into a $10 billion empire 🏠💰 In 2018, Ankur Jain sits down for dinner with one of the biggest real estate tycoons in the world and realizes you spend more on rent than anything else in your life, but you get absolutely nothing back. Meanwhile airlines hand out free flights just for buying groceries, and hotels give you free nights just for checking in. So Ankur gets to work. He spends 18 months fighting regulators in Washington until the FHA rules that renters can officially earn reward points toward a mortgage down payment. Then he pitches landlords, and everyone shows him the door. ✓ Gets a second chance when COVID hits and every door opens back up, with airlines needing passengers and landlords needing renters who pay ✓ Builds his own loyalty currency when landlords refuse to fund the rewards program ✓ Lets you pay rent, earn points, and redeem them for flights, hotels, or a down payment on your first home ✓ Launches in 2021 with Mastercard, Wells Fargo, and the country's biggest property owners Rent gives you nothing back → flights reward groceries but not rent → 18 months to change federal rules → landlords say no → COVID reopens every door → builds his own points currency → $100B in rent processed and a $10.75B valuation. Sometimes the biggest opportunity is the huge expense everyone pays and nobody thought to reward. What massive everyday expense could you turn into something people get rewarded for? 🤔 #Business #Bilt #Rewards #Success #Entrepreneur @Bilt

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