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Fetch Rewards, Inc.

Fetch Rewards, Inc.

Fetch Rewards is a mobile shopping platform for earning points and rewards on purchases.

Overview

Fetch Rewards is a mobile application for earning points and rewards on applicable purchases. The app functions similarly to coupons, listing products with a point value system. After making purchases, the user scans their receipt from grocery stores, convenience stores, big-box retailers, and more to instantly redeem the points. Once the points are accrued, they can be redeemed for various rewards such as gift cards, sweepstakes, or magazine subscriptions.

How to earn points
Purchase participating products

Fetch partners with various products and brands for users to earn points. The products are listed within their application so a user can plan shopping trips ahead of time, or they can shop as they normally would before scanning in their receipt to see if applicable products were purchased. If the shopper has items from Fetch's participating product list, the user receives that product's assigned amount of points.

Referrals

Users can earn additional points in Fetch by referring new shoppers to the application. This can be done by sharing a referral code when new individuals download the app for use. Fetch has no limits on the number of referrals someone can make, with each referral worth 2,000 redeemable points.

Special offer products

Special offer products are products worth bonus points when purchased on top of the usual brands supported by the application. The special offer products rotate and are limited-time offers, replaced with new products once removed from the coupon market.

Limitations

The application has some limitation rules, allowing users only to scan 14 receipts per 7-day period. Once 14 receipts have been scanned in, the user must wait until the 7-day week closes and a new one begins. Additionally, no receipts over 14 days old will be accepted by Fetch, as offers may have changed since the initial purchase was made.

Timeline

April 1, 2021
Fetch Rewards, Inc. raises a $210,000,000 series D round.
December 7, 2020
Fetch Rewards Closes $80 Million Round of Funding led by ICONIQ Growth with DST Global

Fetch Rewards, the nation's leading consumer-loyalty and retail-rewards app, announced today that it has raised $80 million in Series C funding in a round led by ICONIQ Growth. Another new investor, DST Global, and existing investors Greycroft and e.ventures also participated. This latest round of funding brings the total amount raised by Fetch Rewards to $118 million.

November 2020
Fetch Rewards, Inc. raises a $80,000,000 venture round.
May 22, 2020
Fetch Rewards hires Groupon veteran David Jesse as chief product officer.
October 2019
Fetch Rewards, Inc. raises a $24,999,996 venture round from E.ventures and Greycroft.
November 2018
Fetch Rewards, Inc. raises a $8,000,000 series A round from E.ventures, Greycroft and Loeb Enterprises.
September 2017
Fetch Rewards, Inc. raises a $9,650,000 seed round from Brightstar Wisconsin Foundation Inc., Loeb Enterprises and Wisconsin Investment Partners.
May 2015
Fetch Rewards, Inc. raises a $8,498,399 venture round.
January 2014
Fetch Rewards, Inc. raises a $750,000 venture round from Andrew Shannon, Brightstar Wisconsin Foundation Inc., Great Oaks Venture Capital and Wisconsin Investment Partners.

Funding rounds

People

Name
Role
LinkedIn

Birk Cooper

Chief Marketing Officer

Keely Jeppson

Marketing Director & Communications

Krishnan Menon

Vice President of Marketing

Michael Kent

President & Chief Operating Officer

Patrick Burke

Chief Revenue Officer

Rukmini Banerjee

Chief People Officer

Tyler Kennedy

Co-founder & VP of Operations

Further reading

Title
Author
Link
Type
Date

Fetch Rewards named fastest-growing private company in Wisconsin

Fetch Rewards

Web

August 20, 2020

Fetch Rewards raises nearly $80 million

Web

November 9, 2020

Savings App Fetch Rewards Valued at More Than $600 Million After Iconiq-Led Round

Yuliya Chernova

Web

December 4, 2020

The 10 largest funding rounds for Wisconsin tech companies in 2020

Nick Williams

Web

December 10, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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