Venmo Teams Up with Bilt to Transform Everyday Payments Starting in Early 2026

Venmo and Bilt: Pioneering the Future of Rent and Mortgage Payments

In an exciting development announced at Money20/20 held in Las Vegas, Venmo, known for revolutionizing social payments for the younger generation, is partnering with Bilt, the largest housing and neighborhood commerce platform in the U.S. This collaboration aims to innovate the way Americans manage their rent and mortgage payments, marking a significant shift for Venmo from merely a peer-to-peer payment app to an essential player in everyday commerce.

With this partnership, starting in early 2026, Bilt members will enjoy enhanced methods not just for paying their monthly rent and mortgages, but also for making purchases at local businesses within the Bilt ecosystem. Venmo users will have the option to settle housing-related expenditures directly through the Bilt app, or they can utilize Venmo for transactions using their linked payment methods. This progression adds another layer of convenience to daily financial interactions, extending beyond mere payments to include everyday activities such as dining, shopping, and fitness classes.

The joining of forces between Venmo and Bilt will bring together Bilt’s extensive rent payment network and rewards program with Venmo’s user-friendly and trusted payment platform. The result is a streamlined, flexible, and rewarding payment experience for millions of renters and homeowners. Bilt members can complete transactions with just a few taps, easily share expenses with roommates, and accumulate Bilt Points that can be redeemed for travel, fitness activities, home decor items, and more.

Currently, Bilt boasts over 5 million members nationwide, representing around a quarter of residential buildings. The imminent launch of mortgage rewards in 2026 will further enhance the appeal of this partnership, enabling Venmo to reach nearly 45,000 participating merchants within Bilt’s expansive network. Local businesses, ranging from restaurants and gyms to pharmacies, can accept Venmo as a payment method, giving consumers the flexibility they crave while also helping merchants connect with Venmo's vast community of about 100 million active accounts.

Diego Scotti, General Manager of Consumer at PayPal, expressed enthusiasm about the collaboration, stating, "This partnership with Bilt marks a pivotal first step in bringing everyday commerce directly into the Venmo experience... We're thrilled to work alongside a company that shares our commitment to innovation and the customer experience."

Bilt’s Founder and CEO, Ankur Jain, echoed these sentiments, citing Venmo's relevance in people’s daily lives as a transformative factor for Bilt members. He explained, "Integrating Venmo into the Bilt ecosystem is a game-changer for our members... By combining Venmo’s reach with Bilt’s neighborhood commerce network, we’re empowering millions of renters to receive more value each month."

As a result of this innovative partnership, both companies are poised to provide new convenience for renters while offering a reliable payment solution to property managers and local businesses. This collaboration is just the beginning of Venmo's broader strategy to enhance in-app commerce functionalities, transforming how the next generation engages with payments, shopping, and social connectivity.

This groundbreaking alliance is set to launch in early 2026, promising to reshape the landscape of payment systems for rental and mortgage transactions, while fostering a community that prioritizes ease of use and social interaction in financial dealings. Venmo continues to evolve, and with this partnership, it's clear that the future of money management is not just about transactions but about building connections and community support through financial activities.

About Venmo

Venmo stands as a leading mobile payment app tailored for today’s generation, enabling swift, safe, and socially integrated transactions. The platform is designed to facilitate seamless money movement between users, fostering strong connections both online and offline. For more insights, visit Venmo.com.

About Bilt

Bilt is at the forefront of transforming how Americans interact with their largest expenditures. It provides tools for earning rewards on rent and neighborhood expenses, with partnerships covering nearly 25% of the U.S.’s apartment listings. For further details, check out bilt.com.