Home/Companies/Bilt Rewards vs Brex

Company pair · Fintech

Bilt Rewards vs Brex: Valuation, Funding, Trajectory

Fintech Bilt Rewards private Brex acquired US-headquartered No Canborsa market

This comparison puts Bilt Rewards next to Brex within fintech on size, funding and trajectory.

On this pageSide by side Valuation marks What each discloses Verdict FAQ

Bilt RewardsPRIVATE · US

BrexACQUIRED · US

Last valuation$10.75B$5.15B

Basis Post-money Tender

As ofJul 2025Apr 2026

Founded20192017

Employees≈200≈1,100

On CanborsaNo marketNo market

At a glance

$10.75B

Bilt RewardsPost-money, Growth Round · Jul 2025

$5.15B

BrexTender, Acquisition · Apr 2026

An acquisition mark and a going-concern print stay on separate scales

Gap

0 of 2

On CanborsaNeither company has a market

Head-to-head · field by field

Bilt Rewards vs Brex — side by side

Field

Bilt RewardsPRIVATE · FOUNDED 2019

BrexACQUIRED · FOUNDED 2017

Last valuation

$10.75B Post-money

$5.15B Tender

Valuation date

10 Jul 2025

7 Apr 2026

Valuation basis

Post-money

Tender

Latest round

Growth Round

Acquisition

Round size

$250M

$5.15B

Round lead

General Catalyst, GID

Capital One Financial

Named investors

General Catalyst GID United Wholesale Mortgage Left Lane Capital

Ribbit Capital Y Combinator Continuity Peter Thiel Max Levchin

Founded

2019

2017

Employees (est.)

≈200

≈1,100

Sector & HQ

Financial technology (rent/mortgage payments and loyalty rewards) · 🇺🇸 US

Financial technology (corporate cards and spend management) · 🇺🇸 US

Status & market

Private — no Canborsa market

Acquired — no Canborsa market

Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $10.75B for Bilt Rewards (post-money, Jul 2025) and $5.15B for Brex (tender, Apr 2026).

Bilt Rewards

$10.75BPost-money · Jul 2025

Brex

$5.15BTender · Apr 2026

BILT REWARDS · $10.75B · JUL 2025BREX · $5.15B · APR 2026

Bilt Rewards vs Brex · what each company discloses

What each company discloses, and what it leaves out

Bilt RewardsPRIVATEFintech · US · 2019

+Last disclosed mark $10.75B — post-money, Jul 2025.

+Founded 2019 .

+≈200 employees.

+Latest round: Growth Round, $250M raised, led by General Catalyst.

BrexACQUIREDFintech · US · 2017

+Last disclosed mark $5.15B — tender, Apr 2026.

+Founded 2017 .

+≈1,100 employees.

+Latest round: Acquisition, $5.15B raised, led by Capital One Financial.

Verdict

Verdict

The $10.75B tells you…

What an investor paid for newly issued shares — a primary round, priced post-money.

How much capital arrived with it:$250M, led by General Catalyst in Jul 2025.

A dated print: it moves only when a newer round is announced.

The $5.15B tells you…

What buyers paid for shares that already existed — existing shares changed hands in a tender.

The size of that transaction:$5.15Bin Apr 2026.

Existing shares moved between holders; the company's balance sheet stayed unchanged.

A post-money print and a tender print are priced by different buyers under different terms, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

Are Bilt Rewards and Brex in the same sector?›

Bilt Rewards operates in Financial technology (rent/mortgage payments and loyalty rewards), and Brex operates in Financial technology (corporate cards and spend management).

What is Bilt Rewards' valuation versus Brex's?›

Bilt Rewards is valued at $10.8B, and Brex at $5.2B.

What's the location of Bilt Rewards versus Brex?›

Bilt Rewards' headquarters is in New York City, New York; Brex's is in San Francisco, California.

Which was founded first, Bilt Rewards or Brex?›

Bilt Rewards was founded in 2019, and Brex was founded in 2017.