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Fetch Rewards is a mobile rewards app that helps people save money on groceries by earning points for scanned receipts. Users scan their grocery receipts after shopping, and the app automatically identifies eligible products to award points, which can be redeemed for gift cards and merchandise. The service works through partnerships with brands and retailers that pay Fetch Rewards to promote products and engage customers, with revenue coming from brand partnerships and advertising. The app emphasizes a simple experience that lets consumers save money without changing their shopping habits. Compared to competitors, Fetch Rewards combines broad brand partnerships with automatic receipt parsing and a focus on easy, everyday savings through a familiar mobile interface. The goal is to give users a straightforward way to earn rewards on their regular purchases while providing brands with ways to reach shoppers and drive engagement.
Industries
Data & Analytics
Consumer Software
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$850.1M
Headquarters
Madison, Wisconsin
Founded
2013
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Total Funding
$850.1M
Above
Industry Average
Funded Over
11 Rounds
Stock options
401k match
Medical, dental, & vision
Pet insurance
Education reimbursement
Flexible PTO
Parental leave
Flexible work schedule
Hybrid work environment
Fetch has launched what it calls the industry's first rewarded video experience designed for consumers in a shopping mindset. The format appears after users scan receipts in the Fetch app, allowing them to watch branded videos in exchange for points redeemable for gift cards and merchandise. Early results show a 96% video completion rate and 9.2 percentage point lift in unaided awareness, compared to the 0.7% CPG industry benchmark. The opt-in rate was 85 times higher than traditional digital advertising benchmarks. Advertisers can target audiences based on verified purchase behaviour and pay for completed views rather than impressions. Unilever and WPP Media are among early partners testing the format. Fetch processes over 13 million receipts daily.
Fetch has appointed Phil McDonnell as Chief Product Officer to lead product strategy and innovation. McDonnell joins from Chime, where he served as Vice President of Product and led the core product team through the company's 2025 IPO. Previously, he led Coinbase's Subscription and Services business, scaling revenue from $10 million to over $2 billion. He also spent nearly a decade at Google leading Ads Measurement and developing AI-powered marketing attribution models. Fetch is a rewards app that has awarded over $1 billion in Fetch Points to consumers. The platform processes more than 13 million receipts daily and has visibility into $212 billion in gross merchandise value.
Firm represents leading unicorn consumer loyalty technology company on debt and customer acquisition flow facilities supporting the company’s continued growth.
Morgan Stanley Private Credit has led an incremental senior debt financing for Fetch, increasing the existing debt facility to $110 million. This investment aims to accelerate user growth and innovation as Fetch expands into new market verticals. The funding will support product development, AI and machine learning technologies, and user base growth. Fetch's CFO, Gideon Oppenheimer, and Ashwin Krishnan from Morgan Stanley expressed optimism about the partnership and Fetch's growth trajectory.
MADISON, Wis., July 29, 2025 /PRNewswire/ - Fetch, America's Rewards App, today announced its collaboration with Kard, a rewards infrastructure and demand platform, to expand offers on the Fetch app and reach new brands looking to attract and retain lifelong consumers.
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Industries
Data & Analytics
Consumer Software
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$850.1M
Headquarters
Madison, Wisconsin
Founded
2013
Find jobs on Simplify and start your career today