Get paid earlier with Paywatch! Founded in 2020, this Malaysia-based earned-wage access (EWA) startup just raised a $30M Series A.

• They claim to have processed over $58M in salaries to date and have increased their disbursements to nearly $8M a month, which is growing 15% MoM.
• Clients include Park Hyatt, Guardian, KFC, Pizza Hut and Jaya Grocer to provide the solution.

Investor check. Third Prime led the round. A consortium of US investors, including Vanderbilt University and the University of Illinois Foundation, as well as new investors Octagon Venture Partners and Wooshin Venture Investment Corp. also joined in.

• It was $14M in equity with the rest in credit from global banks like Citi.

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💵 All about the money, money, money

Their EWA solution allows workers to instantly access their salary in real-time ahead of payday!

• They partner with reputable banks and operate in Malaysia, South Korea, the Philippines, and Indonesia.

With their app, employees can instantly access their earned salary in real-time ahead of payday.

• They’ll be able to see their withdrawal limit based on their hours worked and instantly receive the amount they requested for in their bank account.

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🤑 What’s next?

They’ll be pushing to improve their embedded finance offerings and other innovation efforts.