$300MStrategic acquisitionFinancial Services
Bilt buys sports loyalty tech firm Lava in $300M deal
Rent-rewards fintech Bilt Technologies agreed to acquire Lava, a sports loyalty technology company, in a $300 million deal. Lava connects point-of-sale, ticketing, loyalty and payments systems and works with 56 pro sports franchises, including the Detroit Lions and Denver Nuggets.
Why it matters: The deal stretches Bilt beyond rent payments and credit cards into sports fandom and neighborhood loyalty networks.
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