About Zwitch
Zwitch is a Financial Services company based in Bengaluru (India) founded in 2013, and was acquired by Transerve in October 2014. API-enabled banking software suite is provided for financial institutions. It operates on a API-as-a-Product and FinTech model. Its Indian entity Open Financial Technologies Private Limited reported revenue of ₹58.14 Cr. Zwitch offers products and services including Payment Gateway, Payouts, Zwitch Bill Connect, and Verification Suite. Its focus areas include FinTech and Payment Processing. Its competitors include Comviva and Infibeam Avenues; 1 of its 2 listed competitors has raised funding.
Company details
Zwitch is established as a comprehensive financial platform in India, offering solutions for online payments, payouts, bill connections, and verification services. Operations are supported across various sectors including HR tech, fintech, logistics, and marketplaces. Diverse payment methods are provided, with over 150 options integrated. Connections with over 150 banks and 1000 ERPs are maintained for seamless transactions. Revenue growth and operational efficiency are facilitated through embedded finance APIs tailored for businesses and developers.
Associated legal entities of Zwitch
Zwitch operates through Open Financial Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Open Financial Technologies Private Limited CIN U67200KA2017PTC166507 | Active | 19 May 2017 | Bengaluru, Karnataka | ₹58.1 Cr | 373 | 8 | View details |
Products & Services of Zwitch
Zwitch offers a comprehensive portfolio of products and services, including Payment Gateway, Payouts, Zwitch Bill Connect, and Verification Suite.
Online payments are facilitated with diverse payment options.
Instant payouts are enabled across multiple connected banks.
Interoperable bill payments are supported through ERP connections.
Compliance and onboarding are enhanced with verification APIs.
Apps and channels of Zwitch
its YouTube channel Zwitch has 628 subscribers and 17 videos.
Videos from Zwitch
The most watched videos on Zwitch's YouTube channel, Zwitch (628 subscribers). Click a video to play it here.
More on Zwitch.
Investors in Zwitch
Zwitch has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TranServ.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital payment solutions are provided for individuals and organizations. | 2011 | transerv.co.in | Mumbai, India |
Investor details for Zwitch
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Board of directors of Open Financial Technologies Private Limited (Zwitch)
Open Financial Technologies Private Limited is the primary company behind Zwitch. The board of Open Financial Technologies Private Limited currently have 6 directors; the longest-serving is Ajeesh Achuthan, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajeesh Achuthan DIN 07948982 | Director | 17 Oct 2017 | 9 yrs | Open Financial Technologies Private Limited |
| Deena Jacob DIN 06552579 | CFO | 15 May 2018 | 8 yrs 5 mo | Open Financial Technologies Private Limited |
| Anish Achuthan DIN 02853403 | Director | 27 Aug 2018 | 8 yrs 1 mo | Open Financial Technologies Private Limited |
| Bhaskar Majumdar DIN 02131404 | Nominee Director | 20 Apr 2019 | 7 yrs 6 mo | Open Financial Technologies Private Limited |
| Mabel Annie Chacko DIN 02853367 | Director | 22 Sep 2021 | 5 yrs | Open Financial Technologies Private Limited |
| Mohit Naresh Bhandari DIN 02528942 | Nominee Director | 04 Apr 2022 | 4 yrs 6 mo | Open Financial Technologies Private Limited |
Financials of Zwitch
Figures of Open Financial Technologies Private Limited, the primary company behind Zwitch, for FY 2025. Revenue was ₹58.14 Cr (+26% year on year). Net loss was -₹109 Cr (-187% margin). EBITDA was -₹96.31 Cr (-166% margin). Revenue has grown at a compounded annual rate of +13% over three years and +46% over five years.
- ₹58.14 CrRevenue · FY 2025 · +26% YoY
- -₹109 CrNet loss · -187% margin
- -₹96.31 CrEBITDA · -166% margin
- 373Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Open Financial Technologies Private Limited are on its company page.
Detailed financial statements for Zwitch
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Timeline of Zwitch
2 dated milestones of Zwitch across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Zwitch is founded.
- Exit Acquired by Transerve.
Competitors of Zwitch
Zwitch has 2 listed competitors in our database, 1 of them funded. They include Comviva and Infibeam Avenues.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| comviva.com | 1999 | Gurugram, India | $13.5M | 2,283 | Software platforms for telecommunications, digital payments, and experiences are provided. | |
| ia.ooo | 2007 | Gandhinagar, India | 642 | Digital payment solutions and enterprise software platforms are provided. |
Detailed competitors of Zwitch
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Web traffic of Zwitch
The website of Zwitch (zwitch.io) receives about 9.9K visits a month.
- Monthly visits9.9K
▲ 22.4% vs previous month
Websites whose visitors overlap most with Zwitch. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gr4vy.com | 100% | 41.1K | #809,423 | View details | |
| signdesk.com | 100% | 248.2K | #147,526 | View details | |
| razorpay.com | 94% | 34.9M | #1,536 | View details | |
| bulkpe.in | 89% | 49.3K | #639,710 | View details | |
| payu.in | 81% | #1,913 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Zwitch
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Related news about Zwitch
Complete news archive for Zwitch
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Frequently Asked Questions about Zwitch
Zwitch was founded in 2013.
Zwitch is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Zwitch, Open Financial Technologies Private Limited, reported revenue of ₹58.14 Cr for FY 2025, up 26% year on year.
Zwitch is established as a comprehensive financial platform in India, offering solutions for online payments, payouts, bill connections, and verification services. Operations are supported across various sectors including HR tech, fintech, logistics, and marketplaces. Diverse payment methods are provided, with over 150 options integrated. Connections with over 150 banks and 1000 ERPs are maintained for seamless transactions. Revenue growth and operational efficiency are facilitated through embedded finance APIs tailored for businesses and developers.
Zwitch's top competitors include Comviva and Infibeam Avenues.
Zwitch offers Payment Gateway, Payouts, Zwitch Bill Connect, and Verification Suite.
Zwitch has 1 investor. Key investors include TranServ.
Zwitch operates through Open Financial Technologies Private Limited.
Yes. Zwitch was acquired by Transerve in October 2014.
The legal entities of Zwitch currently have 6 directors, including Mabel Annie Chacko, Anish Achuthan, Ajeesh Achuthan and others.