Payd Sdn. Bhd.

Based in Kuala Lumpur, Malaysia, and founded in 2020, Payd Sdn Bhd. (Payd) is a developer and provider of a B2B2C (business-to-business-to-consumer) platform that enables employers to provide their employees access to earned salary on demand. The company was co-founded by Justin Kong (CEO), and Darvesh Daswani. In February 2025, Payd Sdn.

Bhd. raised USD 400,000 led by new investor A2D Ventures Pte. Ltd. , with participation from another new investor AngelSpark.

Returning investor Orbit Startups also participated in the round. Payd offers a financial well-being platform primarily centered around its core product, Earned Wage Access (EWA). This service allows employees to access a portion of their earned income before the traditional payday, giving them control over their finances and reducing the stress associated with waiting for scheduled pay periods. Payd's solutions are designed to address the financial challenges faced by employees, particularly in markets such as Malaysia, where many individuals struggle to save adequately between paychecks.

The platform serves a diverse clientele, including businesses looking to implement EWA as a benefit for their employees, thereby creating a resilient workforce across various sectors.   Payd's revenue model is structured around partnerships with employers who integrate its EWA service into their payroll systems. The company generates revenue through transaction fees based on employee withdrawals from their earned wages, as well as potential subscription fees from businesses utilizing the platform. Each transaction allows employees to access a percentage of their salary, with the fees typically charged to the employer.

  Payd is focused on expanding its product offerings and geographic presence. The company is designing additional financial wellness tools to be launched in 2024, aimed at further supporting employees' financial health. Payd plans to expand into new markets, specifically targeting Indonesia and the Philippines by 2025.   The company plans to utilize the February 2025 funding to facilitate its growth throughout Southeast Asia.