Paywatch raised $30 million in Series A funding led by Third Prime and US investors to accelerate growth and expand EWA solutions.
Amount Raised
$30 Million
Round Type
Series A
Kuala LumpurFinancial ServicesConsumer GoodsFinanceFintechInvestors
Description
Paywatch, Asia’s leading earned-wage access (EWA) service provider, has successfully raised $30 million in Series A funding to accelerate its growth trajectory. The funding round, comprising both equity and credit facilities, marks the largest investment secured by an EWA player in Southeast Asia to date.
Quick answer
Paywatch raised $30 Million in a Series A round, dated June 24, 2024. Investors: Citi, Wooshin Venture Investment Corp, Octagon Venture Partners, University Of Illinois Foundation, Vanderbilt University and Third Prime. Paywatch is based in Kuala Lumpur, Kuala Lumpur, Malaysia.
- How much did Paywatch raise?
- Paywatch raised $30 Million in a Series A round on June 24, 2024.
- Who invested in Paywatch?
- Citi, Wooshin Venture Investment Corp, Octagon Venture Partners, University Of Illinois Foundation, Vanderbilt University and Third Prime are named as investors in this round.
- 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.
- StellarFi raised $3.5M on August 8, 2024.
- FINQY raised $2M (Funding Round) on August 8, 2024.
- Clix Capital raised $20M on August 1, 2024.
- Sokin raised an undisclosed amount on July 24, 2024.
- Digitt raised $50M (Funding Round) on July 24, 2024.
- Seeds Fincap Pvt. Ltd raised $8.5M (Series A) on July 17, 2024.
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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Funding Insights
What this usually meansPaywatch 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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