Morgan Stanley Private Credit Leads Strategic Growth Capital Investment in Fetch
Incremental financing aimed at accelerating user growth and further innovation
Fetch continues to expand into new market verticals, moving it closer to its vision of becoming a universal rewards platform. This strategic transaction will further accelerate product innovation, development of the platform’s proprietary AI and machine learning technologies, and investment in growing its user base.
“We value Morgan Stanley Private Credit’s partnership as we continue to grow,” said Gideon Oppenheimer, Chief Financial Officer at Fetch. “With this investment, we are setting the stage for ongoing expansion as we rapidly scale our new product offerings and further develop our network of brand partners.”
“We are pleased with the growth Fetch has achieved since our initial financing last year,” said Ashwin Krishnan, Head of North America Private Credit, Morgan Stanley Investment Management. “This financing underscores our conviction in Fetch’s compelling customer proposition.”
About Fetch
Fetch, America’s Rewards App, empowers consumers to live rewarded and helps brands create lifelong customers through the power of Fetch Points. Designed to acquire and retain consumers, Fetch has unparalleled visibility into what people buy, capturing billions of spending transactions annually using cutting-edge artificial intelligence and machine learning technologies. Users submit 11 million receipts per day and have earned more than
About Morgan Stanley Private Credit
Morgan Stanley Private Credit, part of Morgan Stanley Investment Management, is a private credit platform focused on direct lending and opportunistic private credit investment in
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firms employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit https://www.morganstanley.com/
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Morgan Stanley: alyson.barnes@morganstanley.com
Source: Morgan Stanley Investment Management
