- Paywatch raises $30M Series A for its earned-wage access solution.
- The startup has processed over $58M in salaries, growing at 15% monthly.
- Paywatch plans to enhance its offerings, providing accessible financial solutions for employees.
Say goodbye to payday blues
Paywatch, a Malaysia-based earned-wage access (EWA) startup, has raised $30M in a Series A funding round.
The company has processed over $58M in salaries, with disbursements reaching nearly $8M a month and growing at 15% month-over-month.
The funding round was led by Third Prime, alongside US investors like Vanderbilt University and the University of Illinois Foundation.
New investors Octagon Venture Partners and Wooshin Venture Investment Corp. also joined the party.
Instant cash for hard-working folks
Paywatch’s EWA solution allows workers to access their earned salary ahead of payday instantly.
By partnering with reputable banks, the company operates in Malaysia, South Korea, the Philippines, and Indonesia.
With the new funds, Paywatch plans to enhance its embedded finance offerings and pursue other innovative endeavors, ensuring accessible and convenient financial solutions for employees.
