Switch My Loan - About the company
Switch My Loan is a seed company based in Mumbai (India), founded in 2021 by Chintan Panchmatiya, Himanshu Panchmatiya and Hemali Bhatt. It operates as a Provider of online loan marketplace services connecting borrowers with lenders. Switch My Loan has raised an undisclosed amount in funding from O2 Angels Network. The company has 284 active competitors, including 50 funded and 10 that have exited. Its top competitors include companies like BharatPe, Yubi and Indifi.
Company Details
Provider of online loan marketplace services connecting borrowers with lenders. It facilitates loan applications for various loan types, including home loans, personal loans, and business loans. The platform aims to simplify the loan process by offering unbiased comparisons of loan options from multiple lenders, providing end-to-end support, and ensuring transparency throughout the process. It streamlines the application process and helps borrowers find suitable loans based on their individual needs. The service includes assistance with documentation and loan disbursement.
- Website
- www.switchmyloan.in/
- Social
- Email ID
- *****@switchmyloan.in
- Phone Number
- +91 **********
- Registered Address
- A/702, Akshita Avenue Holy Cross Road, Borivali West,IC colony, Mumbai City, Mumbai, Maharashtra, India, 400103
Key Metrics
Founded Year
2021
Location
Mumbai, India
Stage
Seed
Latest Funding Round
Investors
Ranked
23rd among 284 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
26 as on Aug 31, 2025
Legal entities associated with Switch My Loan
Switch My Loan is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SWITCH MY LOAN PRIVATE LIMITED CIN: U62013MH2021PTC357625 , India, Active | Mar 22, 2021 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 26 (As on Aug 31, 2025) |
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Switch My Loan's funding and investors
Switch My Loan has raised funding over 1 round. Its latest funding round was a Seed round on Aug 22, 2023 for $*****. 5 investors participated in its latest round. Switch My Loan has 3 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Switch My Loan:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 22, 2023 | 1794391 | Seed | 7151428 | 9546033 | 3942472 | 6632429 |
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Switch My Loan's founders and board of directors
Founder? Claim ProfileThe founders of Switch My Loan are Chintan Panchmatiya, Himanshu Panchmatiya and Hemali Bhatt. Himanshu Panchmatiya is the CEO of Switch My Loan.
Here are the details of Switch My Loan's key team members:
- Chintan Panchmatiya: Co-Founder of Switch My Loan. They serve on the board of 1 company.Contact Info: 1 email address
- Himanshu Panchmatiya: Co-Founder & CEO of Switch My Loan. They serve on the board of 1 company.Contact Info: 1 email address
- Hemali Bhatt: Co-Founder of Switch My Loan. They serve on the board of 1 company.Contact Info: 2 email addresses
Switch My Loan's Board of Directors
Switch My Loan's board has 4 active members. Chintan Panchmatiya, Himanshu Panchmatiya, Hemali Bhatt and Raj Kariya are part of team.Here is the list of Switch My Loan's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 4m | |
Team | - | Current | 4y 7m | |
Team | - | Current | 5y 4m | |
Team | - | Current | 5y 4m | |
fo{nxhh | Independent board member | - | Past | 3y 9m |
View details of Switch My Loan's Founder profiles and Board Members
Switch My Loan's employee count trend
Switch My Loan has 26 employees as of Aug 25. The total employee count is 80.0% lower than what it was in Aug 24. Here is Switch My Loan's employee count trend over the years:
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Switch My Loan's Competitors and alternates
Top competitors of Switch My Loan include BharatPe, Yubi and Indifi. Here is the list of Top 10 competitors of Switch My Loan, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment solutions, lending, and investment opportunities for businesses | $584M | 84/100 | ||
2nd | Online marketplace for business loans | $241M | 79/100 | ||
3rd | Provider of loan products and services for small and medium businesses | $90.8M | 77/100 | ||
4th |  Recur Club 2021, Delhi (India), Series A | Provider of non-dilutive debt financing for startups and growing businesses | $15.3M | 73/100 | |
5th | Provider of credit insurance and savings products for small town families | $35.1M | 73/100 | ||
6th |  BankBazaar 2008, Chennai (India), Series D | Online platform providing tools for comparing and applying for financial products | $134M | 69/100 | |
7th | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | $307M | 68/100 | ||
8th |  Kredivo Holdings 2015, Jakarta (Indonesia), Series D | Provider of a consumer lending platform for financial applications | $660M | 68/100 | |
9th | P2P lending platform for consumers & businesses | $1.68M | 65/100 | ||
10th | IndiaLends 2014, Gurugram (India), Acquired | Provider of personal loans, business loans, gold loans, and credit cards | $25.8M | 64/100 | |
23rd |  Switch My Loan 2021, Mumbai (India), Seed | Provider of online loan marketplace services connecting borrowers with lenders | - | 50/100 |
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Switch My Loan's Investments and acquisitions
Switch My Loan has made no investments or acquisitions yet.
Reports related to Switch My Loan
Here is the latest report on Switch My Loan's sector:
News related to Switch My Loan
Media has covered Switch My Loan for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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SwitchMyLoan Rebrands to Cready, Targets Youth-Focused Digital Credit in IndiaThe Tribune•Dec 06, 2025•Switch My Loan, Cready
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