Fetch is a rewards app that lets consumers earn Fetch Points and helps brands create lifelong customers. Led by CEO and founder Wes Schroll and based in Madison, WI, Fetch aggregates consumer purchase data using AI and machine-learning technologies. The company captures more than $152 billion in transactions annually; users have submitted over 5 billion receipts and earned nearly $910 million in rewards. Fetch plans to use the financing to expand on four axes: product innovation to enhance user experience and partner success, further development of its proprietary AI/ML technologies, investment in growing the app’s user base, and hiring talent to support hypergrowth. The app is available on the App Store and Google Play Store. Fetch Rewards is a consumer-rewards app that gives users rewards when they snap a photo of a receipt or submit an eReceipt, and it partners directly with brands to deliver those offers. Led by CEO and founder Wes Schroll, the app has 13 million active users who have submitted more than 2 billion receipts and earned more than $340 million in rewards points. The company works with over 500 global brands and recently surpassed $100 billion in annualized gross merchandise value (GMV). Fetch intends to use new funding to accelerate growth and continue building a digital loyalty and marketing platform. The company raised $240 million in equity and debt at a valuation of more than $2.5 billion, bringing total funding to over $500 million. The product emphasizes user engagement across grocery, retail, restaurant and online purchases by incentivizing submission of every receipt, paper and digital. Fetch Rewards operates a consumer-loyalty and retail-rewards app that lets shoppers earn free rewards by snapping photos of receipts or submitting electronic receipts. Led by founder and CEO Wes Schroll, the company launched in 2017 and is based in Madison, Wisconsin, with offices in Chicago, New York, and San Francisco. The app has been downloaded more than 19 million times and has nearly 7 million active users. To date Fetch has processed nearly a billion receipts and has delivered more than $120 million in savings to its shoppers. The company says it will use the newly raised funds to continue to expand operations and broaden its business reach. Total funding to date stands at $328 million following the latest round. Fetch Rewards is a consumer app that lets shoppers earn free rewards by scanning every receipt after they shop; the app finds savings and rewards for purchases. Founded in 2017 and led by founder Wes Schroll, the company has recorded more than 16 million downloads and over 5.5 million active users. Fetch has processed more than 700 million receipts to date and has delivered nearly $100 million in savings to its shoppers. The company is headquartered in Madison, Wisconsin and also maintains offices in Chicago, New York City and San Francisco. Financially, the company has raised $118 million in total funding to date. The product focus is on driving consumer savings and engagement through receipt scanning and targeted rewards.

Total raised

$580M

Funding rounds

5

Latest round

Debt Financing

Latest activity

Mar 2024