EXCLUSIVE: Softbank has offered shopping rewards app Fetch a $1.5 billion valuation deal
Demand for shopping savings app Fetch Rewards skyrocketed during the pandemic. That sparked the idea for Fetch Rewards, a shopping savings app where consumers upload store receipts to earn free rewards from the brands they've purchased. While the deal is still in flux, Softbank has already offered a term sheet for Fetch Rewards, one of the people familiar with the matter said. Spokespeople at Fetch Rewards and Softbank both declined to comment on the specifics of the deal. Fetch Rewards makes money from partner brands like PepsiCo Inc., Dove, and Lipton.