Earned wage access provider Payd bags $400k to expand in Malaysia and Thailand

February 10, 2025

Payd, a Malaysian FinTech company specialising in earned wage access (EWA), has secured a $400k seed extension funding round.

The investment was led by A2D Ventures, Orbit Startups, and AngelSpark, supporting Payd’s expansion efforts across Southeast Asia, according to a report from FinTech Finance.

The company provides employees with access to a portion of their earned wages before payday, reducing financial stress and reliance on high-interest loans. By offering financial flexibility, Payd helps businesses improve employee engagement and retention while lowering recruitment costs. The platform has already been adopted by over 100,000 employees across multiple industries.

With the fresh funding, Payd plans to expand its services in Malaysia and Thailand while securing new partnerships. The company has already collaborated with major employers, including McDonald’s, Starbucks, KyoChon, Banyan Tree, and Valiram in Malaysia. In Thailand, it has established partnerships with Plan B Media, Ippudo Ramen, Salad Stop, Buzzebees, and Hello Bangkok Magazine.

A2D Ventures general partner Ankit Upadhyay praised the company’s mission, stating: “Joining Payd’s journey aligns with our commitment at A2D Ventures to backing solutions that transform industries and impact the lives of the underserved. We’re confident that Payd’s platform will make a lasting impact on employee financial well-being across Southeast Asia.”

Orbit Startups senior investment analyst Nick Ponomarev highlighted Payd’s role in financial inclusion, saying: “I believe that Payd’s fundamental value lies in its ability to bridge the gap and integrate an underserved demographic of the unbanked and underbanked population (a segment often overlooked by traditional financial institutions) into the broader financial system. With a growing trend of people transitioning into the middle class, Payd is uniquely positioned for growth, unlocking new opportunities to evolve into something bigger than an Earned Wage Access platform, by bringing new financial services to a significant portion of the low and middle-class population.”