EWA fintech Payd raises $400,000 in seed extension round

Its Malaysian partners include McDonald’s, Starbucks, and Banyan Tree.

Malaysian fintech company Payd has raised US$400,000 in a seed extension round from A2D Ventures, Orbit Startups, and AngelSpark.

Payd offers earned wage access (EWA) solutions, in which employees can access a portion of their earned wages before their payday.

As of 10 February 2025, Payd said that it has over 100,000 employees across various industries using its services.

In Malaysia, Payd’s partners include McDonald’s, Starbucks, KyoChon, Banyan Tree, and Valiram.

Payd has also expanded into Thailand, and already secured partnerships with Plan B Media, Ippudo Ramen, Salad Stope, Buzzebees, and Hello Bangkok Magazine.

In the future, Payd said that it is set to onboard hospitality clients— including an unnamed hotel chain— as well as insurance sector clients.