# Paywatch Malaysia Sdn. Bhd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paywatch-malaysia-sdn-bhd

- Industry: Financial Services
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.paywatchglobal.com
- Total disclosed funding: $49M
- Latest round: Series A (Nov 7, 2025)
- Investors on record: 15

## About

Based in Kuala Lumpur, Malaysia, Paywatch Malaysia Sdn. Bhd. provides an innovative Earned Wage Access service, enabling employees to access their earnings prior to payday, thereby supporting financial wellbeing and reducing financial strain.Founded in 2020, Paywatch Malaysia Sdn. Bhd. specializes in Earned Wage Access, facilitating immediate access to earned wages for employees. The company has successfully completed 10 deals, with its most recent funding round occurring on November 7, 2025, where it raised USD 20 mn in Series A funding co-led by Artem Ventures and Kakaopay. The CEO, Richard Kim, has played a vital role in steering the company towards financial solutions in the region.Paywatch offers a core product known as Earned Wage Access (EWA), which enables employees to access and withdraw their earnings at any time before their scheduled payday. This service addresses employees' immediate financial needs, enhancing their financial wellbeing. By partnering with employers and banks, Paywatch integrates EWA into existing payroll systems, serving a diverse clientele across Malaysia, South Korea, Hong Kong, the Philippines, and Indonesia.In the most recent year 2023, Paywatch reported a revenue of USD 57,694.20 and an EBITDA of USD -1,521,316.30. The revenue is primarily generated through service fees from employers who offer the EWA service as a benefit, facilitating seamless transactions for employees accessing their wages before payday.With the recent Series A funding of USD 20 mn secured in November 2025, Paywatch Malaysia Sdn. Bhd. plans to expand its Earned Wage Access service further and develop new products, including micro-insurance and cross-border payments. The company aims to grow its financial wellness platform across Southeast Asia, targeting new markets and enhancing its service offerings.

## Funding rounds

- Series A, Nov 7, 2025, $20M — Artem Ventures, Kakaopay
- Series A, Jul 5, 2024, $14M — University of Illinois Foundation, Vanderbilt University, Third Prime Capital, Wooshin Venture Capital, Tanzanite Holdings, Octagon Venture Partners
- Series A, Jan 20, 2023, $9.5M — Gobi Partners, University of Illinois Foundation, Vanderbilt University, Third Prime Capital, Superseed Ventures, Hana Ventures, Just PWG, Tanzanite Holdings
- Seed, Jan 12, 2022, $5.2M — Third Prime Capital, CTK Investment, Won & Partners, SparkLabs Pty Ltd.

## Investors

- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Seed, Series A
- CTK Investment (https://capitalatlas.ai/funds/ctk-investment) — Seed
- Won & Partners — Seed
- SparkLabs Pty Ltd. — Seed
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A
- University of Illinois Foundation — Series A
- Vanderbilt University — Series A
- Superseed Ventures (https://capitalatlas.ai/funds/superseed-ventures) — Series A
- Hana Ventures — Series A
- Just PWG — Series A
- Tanzanite Holdings — Series A
- Wooshin Venture Capital (https://capitalatlas.ai/funds/wooshin-venture-capital) — Series A
- Octagon Venture Partners (https://capitalatlas.ai/funds/octagon-venture-partners) — Series A
- Artem Ventures (https://capitalatlas.ai/funds/artem-ventures) — Series A
- Kakaopay — Series A