Fundz

Earned Wage Access Provider Paywatch Raises $5.25M In Seed Funding

PRIVATEJan 14, 2022

Amount Raised

$5.25 Million

Round Type

Seed

Kuala LumpurFinancial ServicesConsumer GoodsFinanceFintech

Description

South Korea- and Malaysia-based earned wage access (EWA) startup Paywatch has raised $5.25 million in a seed round led by the US venture capital firm Third Prime and undisclosed family offices in Singapore and Hong Kong.

Quick answer

Paywatch raised $5.25 Million in a Seed round, dated January 14, 2022. Paywatch is based in Kuala Lumpur, Kuala Lumpur, Malaysia.

How much did Paywatch raise?
Paywatch raised $5.25 Million in a Seed round on January 14, 2022.
What does Paywatch do?
Paywatch is the only earned wage access service provider backed by major banks and recognized by the United Nations, Central Banks and regulators for its commitment to financial access and ESG.
Where is Paywatch based and how big is it?
Paywatch is based in Kuala Lumpur, Kuala Lumpur, Malaysia. Fundz records about 49 employees.
Who are the decision-makers at Paywatch?
Fundz holds 2 contacts at Paywatch. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Consumer Goods around the same time

Companies in the same sectors as Paywatch that raised within 45 days of this round, from Fundz verified event records.

  • Naver raised an undisclosed amount on February 15, 2022.
  • Eightco Holdings raised $42M on February 10, 2022.
  • Cred raised $300M (Funding Round) on February 10, 2022.
  • Tonik raised $131M (Series B) on February 9, 2022.
  • Alkami Technology raised an undisclosed amount (Funding Round) on February 8, 2022.
  • T-Rex Group, Inc. raised $34M on February 1, 2022.

Who to call at Paywatch, and when

A new round usually means Paywatch is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Paywatch raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Paywatch, from your own LinkedIn network

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Company Information

Company

Paywatch

Location

Kuala Lumpur, Kuala Lumpur, Malaysia

About

Paywatch is the only earned wage access service provider backed by major banks and recognized by the United Nations, Central Banks and regulators for its commitment to financial access and ESG. Working with top banks and employers in each of its markets, Paywatch serves as a bridge to help employees get banked, start getting credit the right way and find financial security. Paywatch operates in South Korea, Malaysia, Indonesia, and the Philippines.

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Paywatch raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.