Payd Sdn. Bhd.
Latest round
- Seed
Last raised
- Feb 2025
Total raised
- $2.3M
Investors
- 8
About Payd Sdn. Bhd.
Based in Kuala Lumpur, Malaysia, and founded in 2020, Payd Sdn Bhd. (Payd) is a developer and provider of a B2B2C (business-to-business-to-consumer) platform that enables employers to provide their employees access to earned salary on demand. The company was co-founded by Justin Kong (CEO), and Darvesh Daswani. In February 2025, Payd Sdn. Bhd. Payd offers a financial well-being platform primarily centered around its core product, Earned Wage Access (EWA). This service allows employees to access a portion of their earned income before the traditional payday, giving them control over their finances and reducing the stress associated with waiting for scheduled pay periods. Payd's solutions are designed to address the financial challenges faced by employees, particularly in markets such as Malaysia, where many individuals struggle to save adequately between paychecks. The platform serves a diverse clientele, including businesses looking to implement EWA as a benefit for their employees, thereby creating a resilient workforce across various sectors. Payd's revenue model is structured around partnerships with employers who integrate its EWA service into their payroll systems. The company generates revenue through transaction fees based on employee withdrawals from their earned wages, as well as potential subscription fees from businesses utilizing the platform. Each transaction allows employees to access a percentage of their salary, with the fees typically charged to the employer. Payd is focused on expanding its product offerings and geographic presence. The company is designing additional financial wellness tools to be launched in 2024, aimed at further supporting employees' financial health. Payd plans to expand into new markets, specifically targeting Indonesia and the Philippines by 2025.
Who invested in Payd Sdn. Bhd.
8 investors across 3 rounds
See all investors in Payd Sdn. Bhd.
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Questions about Payd Sdn. Bhd.
Who invested in Payd Sdn. Bhd.?
Payd Sdn. Bhd. has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Payd Sdn. Bhd. raised?
Payd Sdn. Bhd. has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Payd Sdn. Bhd. last raise money?
Payd Sdn. Bhd.'s most recent round on record is a Seed, in Feb 2025.
What does Payd Sdn. Bhd. do?
Based in Kuala Lumpur, Malaysia, and founded in 2020, Payd Sdn Bhd.
Where is Payd Sdn. Bhd. headquartered?
Payd Sdn. Bhd. is headquartered in Kuala Lumpur, Malaysia.
Which VCs invest in companies like Payd Sdn. Bhd.?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at Payd Sdn. Bhd.'s stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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