Fetch, a Madison, WI-based provider of a rewards app, raised $50M in Debt funding from Morgan Stanley Private Credit.
The company intends to use the amount to expand its business on four axes: product innovation to enhance the user experience and partner success, further development in the platform’s proprietary A.I. and machine learning technologies, investment in growing the app’s user base, and hiring top talent to shepherd this next phase of hypergrowth.
Led by CEO and Founder Wes Schroll, Fetch empowers consumers to get rewarded and helps brands create lifelong customers through Fetch Points. The company has sweeping visibility into what consumers buy, capturing more than $152 Billion worth of transactions annually using artificial intelligence and machine learning technologies. To date, Fetch users have submitted more than 5 billion receipts and earned nearly $910M in rewards.
The app is available to download on the App Store and Google Play Store.
FinSMEs
20/03/2024