Switcho
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | 1.4m | 2.0m |
% growth | - | 1623 % | 362 % | 126 % | 36 % |
EBITDA | (<1m) | (<1m) | (<1m) | - | - |
% EBITDA margin | (443 %) | (213 %) | (77 %) | - | - |
Profit | (<1m) | (<1m) | (<1m) | - | - |
% profit margin | (801 %) | (279 %) | (103 %) | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | €150k | Seed | |
N/A | $650k | Seed | |
€1.9m Valuation: €4.6m 33.4x EV/LTM Revenues -15.7x EV/LTM EBITDA | Seed | ||
* | €1.0m | Seed | |
Total Funding | AUD6.2m |
Related Content
Recent News about Switcho
EditSwitcho.it is an innovative startup that operates in the cost-saving sector, providing a free service to help consumers save time and money on their utility bills. The company's primary focus is on utilities such as electricity, gas, internet, mobile services, and vehicle insurance. Switcho.it analyzes the current situation of its clients and proposes the most advantageous offers based on their usage and needs.
The company's business model is straightforward and customer-centric. It simplifies the process of switching providers by handling all the paperwork and bureaucracy, making it hassle-free for the customers. This convenience, combined with the potential savings, makes Switcho.it an attractive option for consumers looking to optimize their expenses.
Switcho.it also offers a mobile application that allows users to keep track of their transactions, balances, and monthly statistics of all their expenses. The app provides personalized saving tips each month to help users optimize their spending without stress or bureaucracy.
The company has partnered with several banks, including Intesa Sanpaolo, Credem, Banca Mediolanum, Hype, Banca del Piemonte, Banca Popolare di Sondrio, Tinaba, and Casavo, to provide their customers with a practical saving tool. This strategic partnership expands the company's reach and enhances its credibility in the market.
In terms of revenue, while the company's service is free for consumers, it likely earns money through referral fees from the utility providers when a customer switches to their service.
Keywords: Cost-saving, Utilities, Consumer Services, Mobile Application, Personalized Offers, Paperwork Handling, Strategic Partnerships, Referral Fees, Expense Optimization, Financial Technology.