The latest “WisBusiness: The Podcast” episode features Wes Schroll, the founder and CEO of Fetch Rewards.
Fetch Rewards allows shoppers to scan receipts and get points that add up to become gift cards or coupons. The company has recently achieved “unicorn” status after securing a $210 million investment which pushed the company’s total valuation to $1 billion.
“It is a nod to how much is still left in front of us,” Schroll said. “It’s now time for us to make sure to prove everyone right who just made that investment that this is just the beginning for where we can take this business.”
With the money, the company will invest in getting its brand in front of more people. Fetch Rewards will also work to expand from grocery to more verticals, such as restaurants or apparel. The company is looking to expand internationally, currently making sure the system is ready to go by 2022.
Listen to the podcast below, sponsored by UW-Madison: