NYC-based Bilt Rewards, which converts rental payments to points, raised $200M led by General Catalyst at a $3.1B valuation, and says users spend $20B annually (Gillian Tan/Bloomberg)

Gillian Tan / Bloomberg:

NYC-based Bilt Rewards, which converts rental payments to points, raised $200M led by General Catalyst at a $3.1B valuation, and says users spend $20B annually  —  – General Catalyst, Eldridge invest in $200 million equity round  — Startup wants to add neighborhood merchants to rewards program