About RateSwitch
RateSwitch is a company based in Cardiff (United Kingdom) founded in 2016 by Lee Flavin.. RateSwitch has raised $261.87 thousand across 2 funding rounds from investors including Andy Yates. The company has 2 employees as of May 31, 2020. RateSwitch offers products and services including Rate Monitoring Service. RateSwitch operates in a competitive market with competitors including Habito, Islamic Finance Guru, Taygo, Money Workout and Alexander Hall, among others.
- Headquarter Cardiff, United Kingdom
- Employees 2 as on 31 May, 2020
- Founders Lee Flavin
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Rateswitch Ltd
- Date of Incorporation 04 Apr, 2016
- Jurisdiction CARDIFF
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$261.87 K (USD)
in 2 rounds
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Latest Funding Round
$70.93 K (USD), Angel Round
Apr 12, 2018
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Investors
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Employee Count
2
as on May 31, 2020
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Products & Services of RateSwitch
RateSwitch offers a comprehensive portfolio of products and services, including Rate Monitoring Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service that tracks and notifies users of falling mortgage rates.
Funding Insights of RateSwitch
RateSwitch has successfully raised a total of $261.87K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $70.93 thousand completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $70,930
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First Round
First Round
(05 Dec 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Angel Round - RateSwitch | Valuation |
investors |
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| Dec, 2016 | Amount | Seed - RateSwitch | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RateSwitch
RateSwitch has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Andy Yates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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AY
Andy Yates |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RateSwitch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RateSwitch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rateswitch Comparisons
Competitors of RateSwitch
RateSwitch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Habito, Islamic Finance Guru, Taygo, Money Workout and Alexander Hall, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online mortgage broker digitizing application processes for borrowers.
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| domain | founded_year | HQ Location |
Shariah-compliant will management and halal investment guidance are offered.
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| domain | founded_year | HQ Location |
SaaS solution for e-commerce sales via Facebook Messenger is developed.
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| domain | founded_year | HQ Location |
Functions as an online tool for searching and comparing mortgage options.
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| domain | founded_year | HQ Location |
Offers mortgage brokerage for residential, buy-to-let, and remortgaging needs in the UK.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rateswitch
Frequently Asked Questions about RateSwitch
When was RateSwitch founded?
RateSwitch was founded in 2016.
Where is RateSwitch located?
RateSwitch is headquartered in Cardiff, United Kingdom. It is registered at Cardiff, Wales, United Kingdom.
Is RateSwitch a funded company?
RateSwitch is a funded company, having raised a total of $261.87K across 2 funding rounds to date. The company's 1st funding round was a Seed of $190.94K, raised on Dec 05, 2016.
How many employees does RateSwitch have?
As of May 31, 2020, the latest employee count at RateSwitch is 2.
What does RateSwitch do?
RateSwitch was founded in 2016 in Cardiff, United Kingdom, as a platform in the mortgage sector. Users are required to select their current lender and submit basic mortgage details. Improved rates from the same lender are subsequently offered based on the provided information. Operations focus on rate comparisons within existing lending relationships, with services delivered online via rateswitch.uk.
Who are the top competitors of RateSwitch?
RateSwitch's top competitors include Habito, Islamic Finance Guru and Taygo.
What products or services does RateSwitch offer?
RateSwitch offers Rate Monitoring Service.
Who are RateSwitch's investors?
RateSwitch has 1 investor. Key investors include Andy Yates.