Fetch Rewards Raises $240M in Equity and Debt Funding
Summary
Fetch Rewards, a Madison, Wis.-based consumer-rewards app, raised $240m in equity and debt funding at a valuation of more than $2.5 billion. The company intends to use the funds to accelerate growth as it continues its trajectory to build a digital loyalty and marketing platform. The company is partnering directly with brands to give consumers access to rewards every time they snap a photo of their receipt or submit an eReceipt. Users are engaged, and incentivized to submit every receipt (both paper and digital), from every purchase – grocery, retail, restaurant, online. With over 500 global brands on its roster, Fetch recently surpassed $100 billion in annualized gross merchandise value (GMV).
Funding
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