When was Paywatch founded?

Paywatch was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is Paywatch located?

Paywatch is headquartered in Seoul, South Korea.

Is Paywatch a funded company?

Paywatch is a funded company, having raised a total of $14.4M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 26, 2019.

When was the latest funding round of Paywatch?

Paywatch's latest funding was a $***** Series A round on Jun 24, 2024, with participation from 4 investors.

Where does Paywatch rank among its competitors?

Paywatch ranks 2nd amongst 2 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.

Paywatch - 2026 Company Profile, Funding & Competitors

Paywatch is a series A company based in Seoul (South Korea), founded in 2019. It operates as an Online platform to track time and pay the contingent workforce. Paywatch has raised $14.4M in funding from investors like SparkLabs, University of Illinois System and Third Prime.

Company Details

Online platform to track time and pay the contingent workforce. The platform offers a collaboration solution to manage employment environment. It also provides GPS-based attendance and commuting authentication.

Website: www.paywatch.co.kr/
Email ID: *****@paywatch.co.kr

Key Metrics

Founded Year

2019

Location

Seoul, South Korea

Stage

Series A

Total Funding

$14.4M in 3 rounds

Latest Funding Round

Series A, Jun 24, 2024, $*****

Investors

SparkLabs & 5 more

Ranked

2^nd among 2 active competitors

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View Paywatch's full profile

Paywatch has raised a total funding of $14.4M over 3 rounds. Its first funding round was on Mar 26, 2019. Its latest funding round was a Series A round on Jun 24, 2024 for $*****. 4 investors participated in its latest round. Paywatch has 5 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Paywatch:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 24, 2024	2097319	Series A	9673046	4546510	5582504	5320176
Dec 08, 2021	2579624	Angel	4812698	6112351	5079927	Choi Si- won
Mar 26, 2019	2324979	Seed	4255304	5880896	SparkLabs	5403900

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Top competitors of Paywatch include Clair. Here is the list of Top 10 competitors of Paywatch, 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	70/100
2nd	Paywatch 2019, Seoul (South Korea), Series A	Online platform to track time and pay the contingent workforce	$14.4M	Third Prime, Wooshin Venture Investment & 4 others	35/100