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Malaysian fintech firm Payd raises $400k seed extension
Malaysian fintech firm Payd has raised US$400,000 in a seed extension funding round.
The round included investments from A2D Ventures, Orbit Startups, and AngelSpark, aimed at enhancing the company’s Earned Wage Access (EWA) services.
Payd’s platform enables employees to access part of their earned wages ahead of payday.
This system is intended to reduce the reliance on high-interest loans.
The company reports having over 100,000 users in various industries.
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