←Back to list

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

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.
Has Reap filed an S-1?
No public S-1 is on file for Reap.
Who are Reap's investors?
Reap's investors include HashKey Capital, Acorn Pacific Ventures, Hivemind Capital, Arcadia Funds, Fresco Capital, Payward (acquirer).
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.
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

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)
Last Round
Acquisition (announced) — $600M (May 2026) · Lead: Payward (Kraken parent)
IPO Status
acquired (pending close)

Fundraising Status

Acquisition (announced) · $600M · 3 mo ago
acquired (pending close)Total raised $80M

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Acquisition (announced)$600MMay 2026Payward (Kraken parent)—

Talent Signal

Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
3
via careers page
Product-build share
0%
engineering, research, product, design
Trajectory
steady
go-to-market push — Only 0% of open roles build product — hiring is concentrated in sales/marketing/ops (2 of 3 open roles are support).
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month3Aug '26
Open roles by function
Open roles by functionSupport2Sales & GTM1
■ product-building   ■ go-to-market / G&A
Support Center\\ \\ Your questions, answeredChannel Partnership\\ \\ Your questions, answeredSupport Center
Counted from Reap's live job board as of 2026-08-17; 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.