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Paywatch provides an Earned Wage Access (EWA) platform, enabling employees to access a portion of their earned wages before payday. This system, offered as an employee benefit, integrates with employers and financial institutions for immediate access to accrued earnings. The technology facilitates flexible payroll disbursement, granting workers greater financial control and addressing liquidity needs.
Founded in 2018 by Richard H Kim, Paywatch emerged from the observation that many employees face financial precarity between paychecks. Kim, leveraging his fintech background, aimed to develop an equitable solution for immediate wage access. This insight drove Paywatch's creation, offering a non-predatory alternative to traditional credit for financial stability.
Paywatch serves businesses seeking to improve employee well-being and retention, with its platform directly benefiting employees of partner companies. The company’s vision is to foster global financial wellness by empowering individuals with greater income control. Through flexible payroll, Paywatch strives to build a resilient, financially secure workforce, enhancing economic stability for all.
Paywatch has raised $83.0M across 5 funding rounds.
Paywatch has raised $83.0M in total across 5 funding rounds.
Paywatch has raised $83.0M across 5 funding rounds. Most recently, it raised $20.0M Series A in November 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 7, 2025 | $20M Series A | Artem Ventures | — | Announced |
| Jun 26, 2024 | $30M Debt Financing | Michael KIM | Citi, Octagon Venture Partners, Travis Shore, CFA, Vanderbilt University, Wooshin Venture Investment | Announced |
| Jun 1, 2024 | $14M Series A | — | Plug & Play Ventures, Third Prime | Announced |
| Dec 6, 2022 | $9M Seed Plus | Michael KIM | Hana Ventures, Parkwood, Travis Shore, CFA, Vanderbilt University | Announced |
| Dec 1, 2022 | $10M Seed | — | Third Prime | Announced |
Paywatch has raised $83.0M in total across 5 funding rounds.
Paywatch's investors include Artem Ventures, Michael Kim, Citi, Octagon Venture Partners, Travis Shore, CFA, Vanderbilt University, Wooshin Venture Investment, Plug & Play Ventures, Third Prime, Hana Ventures, Parkwood.
Paywatch is a neo-fintech company providing Earned Wage Access (EWA) solutions, enabling employees to access earned wages in real-time through employer partnerships and partner banks, without debt.[1][2][3] It serves large brands and growing companies across Asia Pacific, targeting underserved workers to promote financial inclusion, resilience, and fair access to banking and credit.[1][2][3] With over USD150 million in EWA transactions processed, Paywatch leads Southeast Asia's EWA market by volume, backed by banks like Citi, OCBC, HSBC, and CIMB, and trusted by Fortune 500 firms such as Genting Group, CP Group, and Shangri-La Hotels.[3] Headquartered in Malaysia, it operates in South Korea, Indonesia, Philippines, Hong Kong, and Singapore, with 51-200 employees and ISO/IEC 27001:2022 certification for information security.[1][2][3]
Paywatch was founded in 2020 by brothers Richard Kim and Alex Kim as Asia's first bank-backed and regulator-approved EWA solution.[1][3] The idea gained traction through an invitation from Malaysia's Digital Economy Corporation (MDEC) via the Financial Innovation Gig Economy Challenge, leading to its headquarters in Kuala Lumpur for its supportive fintech ecosystem.[3] Starting in Malaysia, it rapidly expanded to South Korea, Indonesia, Philippines, Hong Kong, and Singapore, processing over USD150 million in transactions and serving 200,000+ employees while creating 50+ skilled jobs in Malaysia.[1][3]
Paywatch rides the fintech inclusion wave in Asia's gig and formal economies, where underserved workers face payday gaps amid rising digital payroll adoption.[3][5] Timing aligns with post-2020 digital economy pushes, like Malaysia's MDEC initiatives, enabling scalable EWA amid regulatory support for fair finance.[1][3] Market forces favoring it include Southeast Asia's fintech boom, unbanked populations, and ESG demands from employers, positioning Paywatch as a bridge to credit and stability for millions.[2][3] It influences the ecosystem by setting EWA standards, creating jobs, and inspiring bank-employer models that boost workforce sustainability.[1][3]
Paywatch is poised for accelerated growth, planning AI enhancements, Vietnam expansion, and new Malaysian offices in Penang and Johor to double local jobs.[3] Trends like AI-driven payroll, deeper ESG integration, and regional digital banking will propel its multi-product evolution beyond EWA.[3] Its influence may grow as the leading inclusive fintech, redefining employee benefits and financial equity—from humble MDEC origins to Asia Pacific dominance.[1][3]
