About SwitchPay
SwitchPay is a company based in Sandton (South Africa) founded in 2018 by Martin Van Heerden was acquired by Adumo in November 2021.. SwitchPay offers products and services including Payment Gateway, Card Machines, Loyalty Rewards, and Gift Cards. SwitchPay operates in a competitive market with competitors including ECS Fin, Innervation Pan African Payments and Causal Nexus, among others.
- Headquarter Sandton, South Africa
- Founders Martin Van Heerden
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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 Adumo (Rf) Pty Ltd
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Products & Services of SwitchPay
SwitchPay offers a comprehensive portfolio of products and services, including Payment Gateway, Card Machines, Loyalty Rewards, and Gift Cards. 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.
Platform for accepting multiple payment types on websites.
Devices for in-store payment acceptance and processing.
Solution for dynamic loyalty programs to boost retention.
Custom branded cards for business incentives and rewards.
Funding Insights of SwitchPay
| 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 |
Investors in SwitchPay
SwitchPay has secured backing from 1 investor. Prominent investors backing the company include adumo. 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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Multi-channel payment processing and engagement solutions are offered.
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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 SwitchPay
| 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 - SwitchPay
| 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 |
Switchpay Comparisons
Competitors of SwitchPay
SwitchPay 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 ECS Fin, Innervation Pan African Payments and Causal Nexus, 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 |
Payments and transaction processing solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
PCI level 1 payment solutions are provided for African merchants.
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| domain | founded_year | HQ Location |
Builds payment systems for banking, payments processing, and retail industries.
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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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Latest news on Switchpay
Frequently Asked Questions about SwitchPay
When was SwitchPay founded?
SwitchPay was founded in 2018.
Where is SwitchPay located?
SwitchPay is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
Who is the current CEO of SwitchPay?
Justin Hawkins is the current CEO of SwitchPay.
What does SwitchPay do?
SwitchPay was founded in 2018 and is headquartered in Sandton, South Africa. Alternative payment solutions are offered in the fintech sector, enabling merchants to integrate services on POS card machines. Customers and businesses access finance options through unique QR codes and an online platform. Operations support payment processing for merchants across the region.
Who are the top competitors of SwitchPay?
SwitchPay's top competitors include ECS Fin, Innervation Pan African Payments and Causal Nexus.
What products or services does SwitchPay offer?
SwitchPay offers Payment Gateway, Card Machines, Loyalty Rewards, and Gift Cards.
Who are SwitchPay's investors?
SwitchPay has 1 investor. Key investors include adumo.
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