Reap
Global financial infrastructure platform powered by stablecoins, offering corporate cards, cross-border payments, and expense management
Fintech
📍 Hong Kong
Founded 2018
Current Valuation
$600M
as of 2026-Q2
PRIVATE
Reap is a Hong Kong–based financial infrastructure platform that issues corporate credit cards, processes cross-border B2B payments, and operates stablecoin payment rails (notably with Circle's USDC). In May 2026, Kraken parent Payward announced a $600M cash-and-stock deal to acquire Reap to expand its B2B offering with global payments infrastructure ahead of an expected Kraken IPO. Prior to that, Reap had raised about $80M in equity, including a $40M Series A in 2022.
Company Profile
Growth
Announced $600M cash-and-stock acquisition by Kraken parent Payward (May 2026)
Last Round
Acquisition (announced) — $600M (May 2026) · Lead: Payward (Kraken parent)
IPO Status
acquired (pending close)
Founders & Key People
Daren GuoKevin KangMike Lee
Investors
HashKey Capital · Acorn Pacific Ventures · Hivemind Capital · Arcadia Funds · Fresco Capital · Payward (acquirer)
Products
- Reap Card (corporate Visa credit card)
- Reap Pay (cross-border B2B payments)
- Stablecoin Payment Rails (USDC integration)
- Expense Management Suite
Competitors
Airwallex · Brex · Rho · Aspire · Wise Business · Mercury
FintechStablecoinsCryptoB2B PaymentsHong Kong
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q2. Refreshed quarterly.