10M+ user rewards app Fetch raises $50M debt from Morgan Stanley Private Credit after Q4 2023 profitability.
Rewards app Fetch, with 10M+ monthly active users, raises $50M debt from Morgan Stanley Private Credit after turning profitable in Q4 2023. The funding highlights the growing accessibility of private credit to late-stage VC-backed startups focusing on profitability. Fetch partners with retailers and CPG brands like General Mills and Unilever, positioning itself as a one-stop digital loyalty and marketing platform.
March 20, 2024
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