Global financial infrastructure platform powered by stablecoins, offering corporate cards, cross-border payments, and expense management
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.
Fintech📍 Hong KongFounded 2018
Current Valuation
$600M
as of 2026-Q2
PRIVATE
QL Price
$600M
0% vs last round
QuantLogix's current estimate for Reap, published 2026-10-08 — in line with the last disclosed round of $600M (2026-Q2).
Confidence
low
Basis
round anchored
What backs this price
Last disclosed round
$600M
2026-Q2
weight 0.83
How this price has held up
No round has priced for Reap since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-08 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Reap, 2026-10-08 (21f4463be2f0892a).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Reap going public?
No. Reap is private and has not filed to go public. There is no S-1 on file.
What is Reap's valuation in 2026?
Reap is valued at $600M as of 2026-Q2, set by its Acquisition (announced) ($600M, May 2026). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Reap has raised $80M in total, most recently a Acquisition (announced) of $600M in May 2026.
Is Reap publicly traded — can you buy Reap stock?
No. Reap is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Reap on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Daren Guo
Founded
2018
HQ
Hong Kong
Employees
~150
Total Raised
$80M
Growth
Announced $600M cash-and-stock acquisition by Kraken parent Payward (May 2026)
go-to-market push — Only 0% of open roles build product — hiring is concentrated in sales/marketing/ops (2 of 4 open roles are support).
No tracked executive churn; open roles trending up.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Support CenterYour questions, answeredEmbedded FinanceSupport CenterChannel Partnership
Counted from Reap's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
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 · 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.