Switchover
Switchover AG is a Swiss B2B company that enables telecommunications operators to deliver embedded financial services—including mobile wallets, remittances, prepaid/credit cards, and token issuance—through partnerships with licensed BaaS and PSP providers, while managing minority fintech investments across MENA and CIS markets.
- Company typePrivate
- Founded2003
- HeadquartersChiasso, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Switchover does
Switchover AG, founded in 2003 and headquartered in Chiasso, Switzerland, is a B2B services company that has operated two distinct lines of business. First, as a wholesale telecommunications intermediary, it routed international voice and SMS traffic for mobile operators, global incumbents, and alternative carriers; in FY2021 standalone terms the company reported approximately $80M in turnover, 1.0 billion routed minutes, and detected 180,000 fraudulent calls. In February 2022, Switchover agreed to merge these voice assets into UK-based 42Com International LTD (effective May 1, 2022), creating a combined entity with Euro 180M in FY2021 revenue and more than 2 billion terminated minutes, and effectively transferring the legacy telecom P&L out of Switchover AG.
The second business line is fintech enablement and investment. Switchover positions itself as a "fintech enabler" that helps telecommunications operators offer embedded financial services—mobile wallets, peer-to-peer transfers, remittances, prepaid and credit card programs, and token issuance—by partnering with BKN301, a San Marino-licensed Payment Institution operating a blockchain-based Banking-as-a-Service platform that exposes white-label and API-based payment solutions. Switchover has also co-founded Cashflo, a Cairo-based, fully licensed payment service provider delivering online payments, cross-border remittances, split payments, and loyalty programs to multi-stage companies and government institutions across the Middle East and North Africa. The underlying technology stack combines an antifraud voice/SMS filtering engine (operating at 1B-minute annual scale) with BKN301's blockchain-based BaaS APIs.
Commercially, Switchover monetizes through usage-based fees on telecom wholesale (historically), transaction-based fees from BaaS/payment flows, and economic interest via minority equity stakes in BKN301 and Cashflo. The company maintains offices in Chiasso (headquarters) and Chisinau, Moldova (I.C.S. Switchover S.R.L.), and operates globally through telecom interconnects and fintech partnerships. With 11-50 employees post-divestiture and no public funding history, Switchover's current standalone footprint is that of an orchestration layer between regulated payments licensing (BKN301, Cashflo) and telco distribution, with the former telecom revenue base now consolidated under 42Com.
Switchover firmographics
Firmographics- Name
- Switchover
- Legal name
- Switchover AG
- Website
- https://switchover.ch
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Switchover AG is a Swiss B2B company that enables telecommunications operators to deliver embedded financial services—including mobile wallets, remittances, prepaid/credit cards, and token issuance—through partnerships with licensed BaaS and PSP providers, while managing minority fintech investments across MENA and CIS markets.
- Ownership category
- akta.pro rank
Where Switchover is headquartered
LocationHeadquarters
- HQ city
- Chiasso
- HQ country
- Switzerland
- HQ region
- Europe
Offices2 records
Markets served
Switchover business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Wholesale Telecommunication Services: Switchover operates as a wholesale telecommunication provider offering voice and SMS services, antifraud services and digital systems for mobile operators globally. Fiscal Year 2021 turnover was $80M with 1.0B routed minutes.
- Fintech/BaaS Solutions: Providing white-label digital payment solutions, embedded financial services, and token issuing services to telecommunications companies through partnerships with BKN301.
- Investment Holdings: Co-founder of Cashflo fintech company; partner investments in fast-growing markets enabling fintech transformation.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels2 records
Switchover product offering
Product offeringCore offering
Switchover is a wholesale telecommunications service provider offering international voice, SMS, antifraud, and digital system services to mobile operators globally. The company has expanded into fintech, acting as an enabler that provides white-label digital payment solutions, embedded financial services, and Banking-as-a-Service capabilities to telecommunications companies through partnerships with BKN301 and its co-founded entity Cashflo.
Product overview
Switchover operates as a telecom wholesale company providing international global services to mobile operators, including voice and SMS traffic routing, antifraud services, and digital systems for telcos. Through its partnership with BKN301 (a Banking as a Service platform), Switchover acts as a fintech enabler providing white-label digital payment solutions for telecommunications companies, including m-wallets, remittance services, peer-to-peer transfers, prepaid and credit card programs. Additionally, Switchover is co-founder of Cashflo, a fintech company providing online payment solutions and cross-border remittances for the MENA region.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 80M annual turnover
- +3 more outcomes
Companies that use Switchover
Customer profileSegments3 records
Ideal customer profiles2 records
Switchover technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Switchover partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- BKN301coreBKN301 is a Banking as a Service platform blockchain-based, providing embedded financial services and token issuing services with a B2B model targeting third party platforms. Offers white label and API based payment solutions including m-wallets, remittance services, peer to peer, prepaid and credit card programs. BKN301 is a licensed Payment Institution providing issuing, acquiring and remittances.
- 42com International LTDcoreUK-based global voice wholesale specialist. Commercial agreement signed in February 2022 to merge Switchover's Voice assets with 42com. Combined powerhouse achieved consolidated revenues of Euro 180 million and terminated over 2 billion minutes in 2021. Partnership enhances 42Com's global reach and network in Europe and CIS regions, complementing its expansion in the Americas. Agreement effective May 1st 2022 under 42Com legal entity.
- CashflocoreCashflo is a fintech company co-founded by Switchover, based in Cairo, Egypt, providing innovative financial technology solutions for Middle East and North Africa region. Enables various multi-stage companies and government institutions to utilize online payments, cross border remittances, split payments, and loyalty programs securely and efficiently. Fully licensed payment service provider (PSP).
- PWC SwitzerlandminorSwitchover is audited by PWC Switzerland. Advisory board member Pasquale Salvatore is a Tax Partner at PWC TLS.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Switchover competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
Switchover social profiles
Digital presenceSwitchover financial estimates
Financial estimateRevenue estimate
Valuation estimate
Switchover leadership team
Management profileNumber of profiles
Profiles3 records
Switchover subsidiaries and ownership
Company hierarchySubsidiaries3 records
Switchover funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Switchover M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Switchover
What does Switchover do?
Switchover is a wholesale telecommunications service provider offering international voice, SMS, antifraud, and digital system services to mobile operators globally. The company has expanded into fintech, acting as an enabler that provides white-label digital payment solutions, embedded financial services, and Banking-as-a-Service capabilities to telecommunications companies through partnerships with BKN301 and its co-founded entity Cashflo.
Is Switchover a public or private company?
Switchover is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Switchover founded?
Switchover was founded in 2003. It employs 11 to 50 people.
Where is Switchover based?
Switchover is headquartered in Chiasso, Switzerland, in the Europe region.
How does Switchover make money?
Three revenue lines are on record. Wholesale Telecommunication Services are the primary driver. The others are fintech/BaaS Solutions and investment Holdings.
Does Switchover have an API?
Yes. API-based payment solutions provided through partnership with BKN301, a Banking as a Service platform. Offers white-label and API-based payment solutions including m-wallets, remittance services, peer-to-peer transfers, prepaid and credit card programs, and token issuing services with a B2B model targeting third-party platforms.