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From tilt's homepage, it seems like they are a mash up of venmo, gofundme and craigslist(?). Is there a particular direction they are headed for or are they just throwing stuff at the wall and waiting for something to stick?

Some comments point out that it would make group payments for Airbnb bookings a lot easier which seems fine. But is that problem worth spending $12 mil in cash + tens of millions in employee retention packages?

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Last I heard of Tilt it was mostly a bunch of people using it to fund large scale parties. Enough people committed, and then boom yup we have the money we'll do it.

I think they started their life as a crowdfunding platform but then pivoted to focus on payments. I remember seeing their logo on the ESPN fantasy football site a year or so ago, so I assume they struck a partnership deal for leagues to collect their dues. As someone else has suggested above, the appeal to AirBnB is probably acquiring the tech to make it easier for large groups to split costs.

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