About SwitchMyLoan
SwitchMyLoan is a Financial Services company based in Perth (Australia) founded in 2012, and was acquired by Pioneer Credit in March 2016. It operates as a loan comparison platform. Its focus areas include FinTech, Alternative Lending, Online Lenders and Mortgages. Its competitors include Lendi, HashChing, Bridgit, Finspo and LoanDolphin and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
SwitchMyLoan was founded in 2012 in Perth, Australia, as a platform in the financial services sector. Home loan offers from various lenders are compared by users to determine possible savings on existing mortgages. The service is provided free of charge and facilitates connections to users preferred banks. Operations are centered on online comparisons within the Australian market.
- Headquarters Perth, Australia
- Stage Acquired
- SectorsFinancial Services
- Website switchmyloan.com.au
- Social LinkedIn X Facebook
- Acquired by Pioneer Credit (Mar 2016)
- Investors
- Acquired byPioneer Credit
(Mar 2016)
Investors in SwitchMyLoan
SwitchMyLoan has secured backing from 1 investor. Prominent investors backing the company include Pioneer Credit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Credit scoring services are provided by Pioneer Credit in Australia. | 1988 | pioneercredit.com.au | Perth, Australia |
Investor details for SwitchMyLoan
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- Complete investor list
- Round participation
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Timeline of SwitchMyLoan
2 dated milestones of SwitchMyLoan across 4 years, from founding to its latest funding, stage changes and deals.
- Founded SwitchMyLoan is founded.
- Exit Acquired by Pioneer Credit.
Competitors of SwitchMyLoan
SwitchMyLoan has 7 listed competitors in our database, 5 of them funded. They include Lendi, HashChing, Bridgit, Finspo and LoanDolphin, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lendi.com.au | 2013 | Sydney, Australia | $34.74M | – | Online home loans platform | |
| hashching.com.au | 2015 | Sydney, Australia | $770,770 | – | Customers are connected to mortgage brokers via HashChing's online platform. | |
| bridgit.com.au | 2021 | Surry Hills, Australia | $22.3M | – | Bridge loans for residential property swaps are provided online. | |
| finspo.com.au | 2019 | Abbotsford, Australia | $12.25M | – | Provider of an app-based platform providing banking solutions and home loans to consumers | |
| loandolphin.com.au | 2015 | Sydney, Australia | $1.1M | – | Loan applications auction platform. | |
| homeloanexperts.com.au | 2006 | Sydney, Australia | – | – | Hosts a digital marketplace for residential mortgage loans. | |
| sucasa.com.au | 2022 | Sydney, Australia | – | – | No-deposit residential mortgage loans are offered via an online platform. |
Detailed competitors of SwitchMyLoan
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Top companies in Alternative Lending
10 companies that operate in the same segment as SwitchMyLoan (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Frequently Asked Questions about SwitchMyLoan
SwitchMyLoan was founded in 2012.
SwitchMyLoan is headquartered in Perth, Australia. It is registered at Perth, Western Australia, Australia.
SwitchMyLoan was founded in 2012 in Perth, Australia, as a platform in the financial services sector. Home loan offers from various lenders are compared by users to determine possible savings on existing mortgages. The service is provided free of charge and facilitates connections to users preferred banks. Operations are centered on online comparisons within the Australian market.
SwitchMyLoan has 1 investor. Key investors include Pioneer Credit.
Yes. SwitchMyLoan was acquired by Pioneer Credit in March 2016.