FinovateSpring 2018 / Swych
Presenter Profile:
How they describe themselves: Swych is disrupting global digital gifting and corporate incentive programs by breaking cross-border barriers with a blockchain-based global gifting architecture. Whether powering corporate incentives programs so employees can “swych” to favorite brands available in their region/currencies or powering digital wallets, Swych is expanding the boundaries of how people shop, gift, and pay for their purchases in a global, mobile marketplace.
How they describe their product/innovation: Swych is the world’s first blockchain-based global gifting and shopping network with 1000s of retailers representing millions of product SKUs across the globe. Swych provides an instant, secure, scalable way to send personalized relevant gifts and incentives globaly. With unparalled transaction speeds and scalability, it costs less than pennies per 1000 transactions and eliminates legacy barriers while ensuring compliance, and security.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus Dev. & Sales: Harpreet Chawla, VP Digital Products & Innovation, harpreet@goswych.com
Press: Stephanie Barrueto, VP Marketing, stephanie@goswych.com
Website: goswych.com
Twitter: @goswych
HQ: Plano, TX
Founded: 2016
Product Demoed: Swych
Metrics: 50+ employees, headquartered in US with subsidiaries in Canada and India, 50,000 registered users in US, with 100,000 users in India, more than 50 corporate customers and growing, total global revenues reaching $20,000,000.
Presenters: Deepak Jain (CEO & Co-Founder ), Harpreet Chawla (VP Digital Products & Innovation)
- Key Executives
Deepak Jain (CEO/Founder), Harpreet Chawla (VP Product/Innovation), Raj Shimpi (VP Blockchain), Kanth Miriyala (Pres., Swych Labs), Firoz Khan (Pres., Swych APAC)
Key Stats
- Key Board Members
Deepak Jain (CEO/Founder), Mehul Desai (MEDICI), Promonth Manghat (UAE Exchange)
- Key Investors
UAE Exchange, Cerracap Ventures, Dezai LLC. Angel Investors: Deepak Jain, Robert Sabella, Anu Shultes, Matt Hall.
- Key Advisory Board Members
Tony Sabetti (Mobile Wallet Expert), David Durant, Matt Hall (HFM Capital), Anu Shultes (Payments Expert)
- Key Partnerships
A major US card issuing processor, Amazon Pay, PayPal, Braintree, Paytm India, WeChat, TMG Worldwide, Remit2India, XpressMoney, Major Android handset maker.
- Key Customers
In addition to Swych’s award winning P2P mobile app, B2B customers include a large $26B conglomerate (100M+ users) deploying global gifting in India, UK and international markets, a Latin American mobile payment provider with 7.5M active users deploying Swych with the largest Colombian bank and additional banks/countries, and a large e-commerce website with >1M unique daily users to digitally fulfill their product rebates.