Paywatch has raised MYR21.9 million ($5.23 million) in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. SparkLabs, Won & Partners and CTK Investments also participated in this round. Operating in South Korea, Malaysia and Hong Kong, the company plans to use the fresh funds to further grow its presence in existing markets, as well as accelerate expansion efforts into new Southeast Asian markets, including Indonesia and the Philippines.