How Fetch Rewards Makes Money

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Customers can earn extra cash when shopping at 500+ popular brands including Home Depot, Pepsi, and Starbucks.

Earned points can be exchanged for gift cards at participating stores such as Amazon. Alternatively, they can be donated to charities.

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Founder and CEO Wes Schroll dropped out of college to launch Fetch Rewards. Initially, users had to scan the barcode of each item they bought.

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In 2017, he pivoted the business away from manual barcode entries towards automatic image recognition, leading to an explosion in user numbers.

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Schroll has since raised over $580 million for Fetch Rewards, which is currently valued at $2.5 billion.

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But how is Fetch Rewards able to hand out such generous rewards at no cost to the user?

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Fetch Rewards receives a small commission for promoting the brands on its platform. Those are paid whenever a receipt is scanned.

FETCH REWARDS' IG Full Article

The brand partners benefit from additional exposure, better tracking of their spend, and increased customer loyalty.

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