Bilt Hits $11B Valuation, Ends Partnership With Wells Fargo

Hey Toaster Readers,

You’ve got to hear about Bilt. The points-on-rent startup just raised a massive $250 million, rocketing its valuation to nearly $11 billion. We dive into its impressive ecosystem, why Wells Fargo was losing up to $10 million a month on their partnership, and Bilt’s big plans with Cardless and the mortgage market.

But the battle for your wallet doesn't stop there. JPMorgan is shaking up the fintech world by planning to charge for customer data access, a move that could hit apps like Venmo.

Speaking of Venmo, they're making a play for the college crowd with new Big 12-branded debit cards.

And if you’ve ever wondered if people are judging you at checkout, we’ve got a story that says they are—and your phone might be the new platinum card.

There's a lot to break down. Let's get to it!