Story continues Fetch Pay has been discontinued

Mastercard would charge an interchange fee to merchants and share a percentage of that revenue with Fetch in exchange for promoting the card to its user base. Cardholders could purchase items with this card anywhere that Mastercard was accepted. In the past, Fetch Rewards made money from Fetch Pay, a Mastercard-branded debit card it offered to users. To date, Fetch Rewards has raised over $500 million in funding. The app’s investors include Archer Venture Capital, NielsenIQ, and other companies. In April 2022, Fetch Rewards announced that it had raised $240 million and had a valuation greater than $2.5 billion. Investmentsįetch has been growing recently, partly due to funding from outside investors. At the time of this writing, you can find three Fetch Clubs on the app: Huggies Rewards+, General Mills Good Rewards, and PepsiCo Tasty Rewards. Fetch’s partners gain visibility and customers by partnering with Fetch.īrands can also offer exclusive experiences and rewards within Fetch Clubs, which Fetch users can opt into at no cost. With more than 17 million monthly users, the reach that Fetch Rewards provides is valuable for CPG companies, restaurants, and retail brands, which pay Fetch Rewards to feature their products on its platform. This free-to-download app offers points on your purchases from its partner brands, which you can redeem for gift cards and other rewards.Ħ Genius Hacks All Costco Shoppers Should Know How does Fetch Rewards make money?įetch primarily makes money from its partner companies, but it also receives funding from investors. With more than five million daily users, the Fetch Rewards app is one of the leading consumer-rewards apps in the U.S.

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