Reap
“Can Reap become the stablecoin-native financial infrastructure layer powering global card issuance and cross-border payouts for crypto businesses and AI agents?”
HQHong Kong
Latest roundSeries A, October 2022
IndustryFintech / Cross-border payments
The story
Reap launched as a stablecoin-enabled corporate card company targeting Asia-Pacific businesses that hold digital assets but need to spend in fiat. Over time it expanded from a direct corporate card (Reap Card) into an embedded finance infrastructure play, offering Card Issuing APIs for third-party platforms and a Payment API for automated stablecoin-to-fiat global payouts. The Kraken/Payward affiliation and the Agentic Payments product signal a move toward becoming foundational rails for crypto-native and AI-driven business transactions.
Last 12 months
Product timeline
2022
Raised Series A led by Acorn Pacific Ventures to grow stablecoin-enabled corporate card and payments infrastructure.· banking
2023
Launched Reap Card — a Visa-backed secured corporate credit card with stablecoin collateral and flexible fiat/stablecoin repayment.· card
2024
Launched Card Issuing API (CaaS) enabling third-party businesses to issue branded Visa cards with stablecoin-collateral funding models.· card
2025
Launched Payment API enabling automated global stablecoin-to-fiat payouts across 18+ currencies.· banking
2025
Announced Agentic Payments product enabling AI agents to transact on behalf of businesses.· pivot
2025
Reap joins Payward (Kraken's parent company), deepening crypto-native financial infrastructure.· acquisition
Regulated entities
MTL / Financial Services
HK
Reap Technologies Limited
The stack
Accounting gap: minor