Reap is a technology company.
Reap has raised $40.0M across 1 funding round.
Reap has raised $40.0M in total across 1 funding round.
Reap is a Hong Kong-based fintech company founded in 2018 that provides payment technology solutions focused on financial connectivity for businesses, particularly small and medium-sized enterprises (SMEs).[1][2][4] It offers core products like corporate credit cards (Reap Card with fiat or stablecoin repayment options), global payouts (Reap Pay for cross-border payments in preferred currencies), and expense management, alongside APIs for card issuing, embedded finance, and automated fiat payouts.[1][2][4] Reap solves cash flow challenges by enabling businesses to pay expenses and collect revenue via credit cards anywhere, digitizing transactions to boost capital efficiency, while integrating stablecoins and Web3 infrastructure for borderless finance.[1][2][4] The company has raised $45M in total funding, including a $40M round three years ago, and operates from Singapore and Hong Kong with licenses in Hong Kong and Mexico.[1][2][4]
Reap targets SMEs and digital-led businesses worldwide, emphasizing compliance (PCI DSS, fraud prevention via Chainalysis) and developer-friendly APIs for rapid deployment.[3][4] Its growth includes regulatory approvals like in-principal nod from Singapore's MAS and partnerships with firms like Circle and Travala, positioning it amid rising demand for stablecoin-powered global payments.[1][4]
Reap was founded in 2018 in Hong Kong as a fintech startup aimed at upgrading SMEs' financial capabilities through innovative payment solutions.[1][2] While specific founders are not detailed in available sources, the company emerged from the need to help small businesses manage cash flow better by leveraging credit cards for online payments, expenses, and revenue collection—digitizing core processes regardless of business size.[2] Early traction built on revolutionizing transaction efficiency, attracting investors like Global Founders Capital, Bertelsmann Asia Investments, Index Ventures, and others.[2]
A pivotal moment came with its $40M funding round (part of $45M total raised), earmarked for Web3 payments infrastructure to connect crypto firms with traditional merchants.[1][2] This fueled expansion into stablecoin transactions, API-driven embedded finance, and regional growth, including MAS approval and operations in Singapore.[1][4]
Reap stands out in the crowded fintech space through these key strengths:
Reap rides the stablecoin and embedded finance wave, capitalizing on the shift toward borderless, programmable money amid rising crypto adoption and global trade fragmentation.[1][4] Timing aligns with post-2022 crypto winter recovery, Web3 infrastructure demand, and regulatory clarity (e.g., MAS approvals), as businesses seek efficient cross-border tools amid high traditional fees.[1][2] Market forces like eCommerce growth, SME digitization, and fintech consolidation favor Reap's API model, competing with players like TerraPay and Routefusion while differentiating via stablecoins.[1]
It influences the ecosystem by enabling platforms (e.g., Travala) to embed payments, fostering financial inclusion for SMEs in Asia and beyond, and accelerating Web3-traditional finance convergence.[2][4]
Reap is poised to scale its stablecoin-powered platform amid exploding demand for efficient global payouts and embedded finance, potentially capturing more SME market share through API expansions and new licenses.[1][4] Trends like tokenized assets, AI-driven fraud tools, and Asia-Pacific fintech booms will shape its path, with Web3 collaborations driving merchant-crypto bridges.[1][2] Its influence may evolve from SME specialist to broader infrastructure provider, especially if it leverages recent funding for U.S./EU entry—watch for deeper stablecoin integrations to sustain momentum in a competitive field.[1][4] This positions Reap as a key enabler in the next era of borderless business finance, fulfilling its mission to fuel SME ambitions from day one.
Reap has raised $40.0M in total across 1 funding round.
Reap's investors include Acorn Pacific Ventures, Mark Cuban, Ray Cheng.
Reap has raised $40.0M across 1 funding round. Most recently, it raised $40.0M Series A in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $40.0M Series A | Acorn Pacific Ventures, Mark Cuban, Ray Cheng |