When was Payd founded?

Payd was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Payd located?

Payd is headquartered in Kuala Lumpur, Malaysia.

Who is the current CEO of Payd?

Darvesh Daswani of Payd. They have also founded 1 company.

How many employees does Payd have?

As of May 31, 2026, the latest employee count at Payd is 11.

Is Payd a funded company?

Payd is a funded company, having raised a total of $2.13M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 26, 2022.

When was the latest funding round of Payd?

Payd's latest funding was a $***** Seed round on Feb 10, 2025, with participation from 3 investors.

Where does Payd rank among its competitors?

Payd ranks 2nd amongst 6 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Clair, which secured $23.2M in May, 2025.

Who are the top competitors of Payd?

Payd's top competitors include Clair, Setgaji and DapatGaji. Among them, Clair secured the most recent funding round in May, 2025.

Payd - 2026 Company Profile, Team, Funding & Competitors

Payd is a seed company based in Kuala Lumpur (Malaysia), founded in 2020 by Darvesh Daswani and Justin Kong. It operates as a Provider of an online platform for on demand pay. Payd has raised $2.13M in funding from IFS Capital and Orbit Ventures. The company has 6 active competitors, including 2 that are funded. Its top competitors include companies like Clair, Setgaji and DapatGaji.

Company Details

Provider of an online platform for on-demand pay. It provides users with a platform that offers a solution for employees to request earned wages before payday. It partners with employers to integrate with the payroll system for verifying and disbursing loans. The application is available on the Android and iOS platforms.

Website: justpayd.com
Social
Email ID: *****@justpayd.com

Key Metrics

Founded Year

2020

Location

Kuala Lumpur, Malaysia

Stage

Seed

Total Funding

$2.13M in 3 rounds

Latest Funding Round

Seed, Feb 10, 2025, $*****

Investors

IFS Capital & 7 more

Ranked

2^nd among 6 active competitors

Employee Count

11 as on May 31, 2026

Similar Companies

Payflow & 185 more

View Payd's full profile

Payd is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Payd Sdn. Bhd. CIN: 202101011642 , Malaysia, Active	Dec 31, 2019	-	-	-

Payd has raised a total funding of $2.13M over 3 rounds. Its first funding round was on Apr 26, 2022. Its latest funding round was a Seed round on Feb 10, 2025 for $*****. 3 investors participated in its latest round. Payd has 8 institutional investors.

Here is the list of recent funding rounds of Payd:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 10, 2025	1596330	Seed	8493183	5531864	3977221	4252495
Nov 20, 2024	7854329	Seed	3416416	3660369	9979072	2941374
Apr 26, 2022	2623890	Seed	3257987	5110955	IFS Capital	1982 Ventures & 3 more

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View details of Payd's funding rounds and investors

The founders of Payd are Darvesh Daswani and Justin Kong. Darvesh Daswani is the CEO of Payd.

Here are the details of Payd's key team members:

Darvesh Daswani: Co-Founder & CEO of Payd.
Contact Info: 1 email address
Justin Kong: Former Co-Founder of Payd.
Contact Info: 1 email address

View details of Payd's Founder profiles and Board Members

Payd's employee count trend

Payd has 11 employees as of May 26. Here is Payd's employee count trend over the years:

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Top competitors of Payd include Clair, Setgaji and DapatGaji. Here is the list of Top 10 competitors of Payd, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	69/100
2nd	Payd 2020, Kuala Lumpur (Malaysia), Seed	Provider of an online platform for on demand pay	$2.13M	Orbit Ventures, A2D Ventures & 6 others	44/100
3rd	Setgaji 2024, Kuala Lumpur (Malaysia), Unfunded	Provider of an online lending platform offering payday loans	-	-	25/100
4th	DapatGaji 2021, Kuala Lumpur (Malaysia), Funding Raised	App-based platform for employee benefits solutions	-	Ino Capital	22/100
5th	HariGaji 2020, Kuala Lumpur (Malaysia), Unfunded	App-based platform for earned wages	-	-	18/100
6th	Wakalu 2021, Kuala Lumpur (Malaysia), Unfunded	Cloud-based financial benefits platform for on demand pay	-	-	15/100