About Switch
Switch is a company based in United States founded in 2020. It operates as a FinTech, and Commission-Based. Switch offers products and services including Switch Group Payments. Switch operates in a competitive market with competitors including Quikwallet, TextPayMe, BlytzPay, OnePay and Hubla, among others.
- Headquarter United States
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Grink Inc.
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Annual Revenue
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Products & Services of Switch
Switch offers a comprehensive portfolio of products and services, including Switch Group Payments. 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.
Group payments are simplified for various shared expenses.
Funding Insights of Switch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Switch
| 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 - Switch
| 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 |
Switch Comparisons
Competitors of Switch
Switch 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 Quikwallet, TextPayMe, BlytzPay, OnePay and Hubla, 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 |
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Mobile wallet app is utilized for restaurant payments and discoveries.
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Online payment processing services are provided for businesses.
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| domain | founded_year | HQ Location |
Automated payment solutions are provided for automotive and finance sectors.
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| domain | founded_year | HQ Location |
Payments are processed conversationally via WhatsApp for businesses and individuals.
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| domain | founded_year | HQ Location |
Money-earning features are offered via a digital application.
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| domain | founded_year | HQ Location |
Provides a chatbot-enabled platform for mentor payments and consultations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Switch
When was Switch founded?
Switch was founded in 2020.
Where is Switch located?
Switch is headquartered in United States.
What does Switch do?
Switch is operated as a financial technology company focused on simplifying group payments. Services are provided for various shared expenses such as group dinners, gifts, and events. Banking services are supported through a partnership with Thread Bank, Member FDIC. Solutions are designed for ease of use with features like instant account creation, real-time tracking, and messaging. The platform is utilized by diverse groups including friends, families, and organizations across the US.
Who are the top competitors of Switch?
Switch's top competitors include Quikwallet, BlytzPay and TextPayMe.
What products or services does Switch offer?
Switch offers Switch Group Payments.