Group payments app Tilt in buyout talks with Airbnb

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fintech insurtech wealthtech regtech ai cybertech esg news

Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.

The deal is still in its initial talks with reports of the price ranging between $10m and $50m -a steep drop form the $400m the company was valued at when it raised a $30m round in may 2015.

Tilt has raised more than $62m to date form investors Andreessen Horowitz, DCM Ventures, Sean Parker, QueensBridge Venture Partners and Y Combinator.

Airbnb is itself a Y Combinator graduate and the two companys also share a board member in Andreessen Horowtiz general partner Jeff Jordan.

The news comes in the wake of Airbnb’s expansion beyond accommodation rental into travel experiences and it’s easy to see where Tilt’s group payments and bill splitting functions could fit in.

Tilt is also experienced in launching its services abroad – something vital for it to integrate with the travel company.

Aside from its group payments and bill splitting functions Tilt also offers a white-label crowdfunding solution for businesses.

The San Francisco-based company claims to have attracted more than 500,000 groups to the platform.

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