Switch My Loan

Mumbai, India Founded: 2021 • Age: 5 yrs
Provider of online loan marketplace services connecting borrowers with lenders
Annual revenue $722,895 Latest available
Total funding - 1 rounds
Employees 151 Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About Switch My Loan

Switch My Loan is a company based in Mumbai (India) founded in 2021 by Raj Kariya, Himanshu Panchmatiya, Chintan Panchmatiya, and Hemali Bhatt. The company has 151 employees as of April 07, 2024. Switch My Loan operates in a competitive market with competitors including Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.

  • Headquarter Mumbai, India
  • Employees 151 as on 07 Apr, 2024
  • Founders Raj Kariya, Himanshu Panchmatiya, Chintan Panchmatiya, Hemali Bhatt
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Switch My Loan Private Limited
  • Date of Incorporation 22 Mar, 2021
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $722.9 K (USD)
    325.22
    as on Mar 31, 2023
  • Net Profit
    $22.84 K (USD)
    4433.48
    as on Mar 31, 2023
  • EBITDA
    $49.88 K (USD)
    1254.19
    as on Mar 31, 2023
  • Latest Funding Round
    Not available
  • Investors
    SiriusOne

    & 4 more

  • Employee Count
    151

    as on Apr 07, 2024

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People of Switch My Loan

Headcount 10-50
Employee Profiles 3
Employee Profiles
People
Himanshu Panchmatiya
CEO
People
Durwang Sawant
Business Head - Insta Loan & Digital Personal Loan
People
Hemali Bhatt
Chief Growth Officer

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Teams

Funding Insights of Switch My Loan

Investors in Switch My Loan

Switch My Loan has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include SiriusOne, O2 Angels Network and Angel Scions.

All
Venture Fund
Angel
Investor Description Founded Year Domain Location
Angel network focused on multiple sectors
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Investment, advisory, and compliance services for startups and investors.
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Investment in tech startups focusing on innovation and emerging trends in India.
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Investor details for Switch My Loan

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Switch My Loan

Investments
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Investment portfolio details for Switch My Loan

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  • Transaction dates
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Financial Statements - Switch My Loan

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Detailed financials for Switch My Loan

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  • Profit trends
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Switch My Loan Comparisons

Switch My Loan Primary company
Description
Provider of online loan marketplace services connecting borr...
Location
Mumbai, India
Founded Year
2021
Annual Revenue
$722.9 K (USD)
Net Profit
$22.84 K (USD)
EBITDA
$49.88 K (USD)
Employees
151
As of 2024
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Peer comparison for Switch My Loan

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

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Competitors of Switch My Loan

Switch My Loan 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 Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.

Company Name Domain Founded year HQ Location Description
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Consumer and business loans are facilitated via an online platform.
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Online platform providing loans and credit cards from various financial institutions
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Fintech services for credit, savings, and payments are delivered globally.
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Borrowers are connected with investors through P2P lending services.
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Gold loans are facilitated via an online consumer marketplace.
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Investors and borrowers are connected via a P2P lending platform.
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Detailed competitors of Switch My Loan

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  • Domains and locations
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Latest news on Switch My Loan

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Complete news archive for Switch My Loan

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Frequently Asked Questions about Switch My Loan

Switch My Loan was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Switch My Loan is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Himanshu Panchmatiya is the current CEO of Switch My Loan. They have also founded this company.

As of Apr 07, 2024, the latest employee count at Switch My Loan is 151.

Annual revenue of Switch My Loan is $722.9K as on Mar 31, 2023.

Switch My Loan was founded in 2021 in Mumbai, India, as a fintech platform in the lending sector. Borrowers are connected with multiple lenders through an online marketplace for home, personal, and business loans. Loan options are compared unbiasedly, applications are streamlined, and end-to-end support is provided, including documentation assistance and disbursement. Transparency is maintained throughout the process to match loans with individual needs.

Switch My Loan's top competitors include Epimoney, Tala and IndiaP2P.

Switch My Loan has 5 investors. Key investors include SiriusOne, O2 Angels Network, Angel Scions, Rajesh Ranjan, and Jaydeep Thaker.

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