Morgan Stanley Private Credit led an incremental senior debt financing for Fetch, a rewards app, upsizing the existing debt facility to $110 million aggregate. Morgan Stanley Private Credit initially provided debt financing to Fetch in March 2024.
This 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,” Gideon Oppenheimer, chief financial officer at Fetch, said. “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,” Ashwin Krishnan, head of North America private credit at Morgan Stanley Investment Management, said. “This financing underscores our conviction in Fetch’s compelling customer proposition.”
