SAN JOSE, Calif.—Venmo is expanding further into financial services through a new partnership with housing and commerce platform Bilt, PYMNTS reported.
The integration will allow users to make rent and mortgage payments directly within the Venmo app and engage in local commerce, positioning the PayPal-owned platform as a broader financial-interaction hub rather than just a peer-to-peer payments tool.
The companies said the move represents a “major step” in Venmo’s transition toward everyday financial management and embedded commerce—an area increasingly targeted by banks, credit unions, and fintechs seeking to deepen member and customer engagement.
Beginning early next year, Bilt members will be able to make rent and mortgage payments and shop at local Bilt merchants with Venmo as well as existing payment options such as ACH, debit, and any linked credit card, PYMNTS explained.
Members will be able to make housing payments directly in the Bilt app, or within Venmo using their Venmo balance or linked payment methods, PYMNTS said.
“Millions of people already use Venmo to split rent with roommates and pay their landlords, now we’re making that experience even more seamless and rewarding,” said Diego Scotti, general manager of consumer at Venmo owner PayPal. “We’re thrilled to partner with a company that shares our relentless focus on innovation and the customer.”