These points can then be redeemed at hundreds of popular stores and restaurants. All you have to do is scan receipts or e-receipts from pretty much any store in the Fetch app, and see your points rack up. Schroll was 19 and, the way he put it, didn't realize how ridiculous it was of him to just go knocking on doors.Do you love shopping? Do you love saving money on your purchases? If so, you’ve probably already heard about Fetch Rewards - a mobile application for earning points and rewards on purchases.
The company has grown significantly since Schroll dropped out of UW, where he was working toward a business degree in 2013, to focus on Fetch Rewards.Īt the time he needed users and he needed brands to partner with Fetch Rewards to make it work. To date, Fetch Rewards has raised more than $28 million in venture financing, the company said.
The $180,000 in cash, office space and other services was enough for Schroll to hire help and start building out the platform. Its first financing came from winning business competitions. And, he said, Fetch Rewards is on track to double that to 6 million by the end of the year. More than 3 million people have downloaded the app and made an account, Schroll said. The real tipping point, Shroll said, came when its user base climbed into the millions last year. The company ended 2018 with $9 million in revenue and a 4,323% three-year growth rate, according to the magazine. It was the second-highest ranked Wisconsin-based business on the list. 5000 list of the fastest-growing privately held companies in the U.S., released this month. It plans to double employment in 2020, Schroll said.įetch Rewards ranked at No. Fetch Rewards plans to grow to 90 employees by the end of the year.
The Madison-headquartered company, with additional offices in Chicago and New York City, has 75 employees.
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