Fetch

Fetch

Receipt-scanning rewards mobile app

Overview

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.

About Fetch

Simplify's Rating
Why Fetch is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

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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Simplify's Take

What believers are saying

  • Fetch's rewarded video posted 9.2-point awareness lift and 85x opt-in on 2026-08-05.
  • Morgan Stanley expanded Fetch's debt facility to $110 million, funding growth and AI investments.
  • Fetch's Kard partnership on 2025-07-29 broadens offers and brand acquisition across the app.

What critics are saying

  • AML IP dismissed its patent case without prejudice on 2026-02-10, preserving future re-filing.
  • Dollar General, Unilever, and WPP Media intensify competition for retail-media budgets and inventory.
  • If rewarded video stalls, Fetch loses monetization leverage and investor support rapidly.

What makes Fetch unique

  • Fetch verifies purchases through 13 million daily receipts and 212 billion GMV.
  • Fetch turns post-scan attention into rewarded video with 96% completion on 2026-08-05.
  • Fetch hired Phil McDonnell on 2026-07-07 and Gowtham Gundu for AI-led product innovation.

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Funding

Total Funding

$850.1M

Above

Industry Average

Funded Over

11 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Stock options

401k match

Medical, dental, & vision

Pet insurance

Education reimbursement

Flexible PTO

Parental leave

Flexible work schedule

Hybrid work environment

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

0%
PR Newswire
Aug 5th, 2026
Fetch launches rewarded video ads with 96% completion rate and 9.2pp awareness lift

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.

PR Newswire
Jul 7th, 2026
Fetch appoints Phil McDonnell as CPO to drive product innovation

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.

Latham & Watkins LLP
Oct 7th, 2025
Latham & Watkins Advises Fetch Rewards on Series of Strategic Growth Financing Transactions

Firm represents leading unicorn consumer loyalty technology company on debt and customer acquisition flow facilities supporting the company’s continued growth.

StockTitan
Sep 16th, 2025
Morgan Stanley Invests $110M in Fetch

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.

PR Newswire
Jul 29th, 2025
Fetch Taps Kard to Unlock More Offers for Consumers, Bringing the Power of America's Rewards App to More Brands

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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