About Reap
Reap is a company based in Hong Kong (China) founded in 2010 by Daren Guo and Kevin Kang. It operates as a FinTech, and API-as-a-Product. Reap has raised $45.69 million across 3 funding rounds from investors including HashKey Exchange, ABACUS VENTURE and Acorn Pacific Ventures. Reap offers products and services including Reap Direct, Corporate Cards, Payments, Card Issuing, and Payment API. Reap operates in a competitive market with competitors including Flutterwave, Square, PayU, Ant Group and Concur, among others.
- Headquarter Hong Kong, China
- Founders Daren Guo, Kevin Kang
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Sectors
Travel & HospitalityTechnology Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Reap Technologies Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.69 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series A
Oct 25, 2022
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Investors
HashKey Exchange
& 11 more
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Employee Count
Employee Count
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Products & Services of Reap
Reap offers a comprehensive portfolio of products and services, including Reap Direct, Corporate Cards, Payments, Card Issuing, and Payment API. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Business accounts are provided for stablecoin-enabled companies.
Corporate credit cards are offered with stablecoin repayment.
Cross-border payments are facilitated using stablecoin technology.
Card programs are enabled for digital asset spending.
Global fiat payouts are automated using stablecoin infrastructure.
Funding Insights of Reap
Reap has successfully raised a total of $45.69M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $40 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $40.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - Reap | Valuation | Acorn Pacific Ventures , HashKey | |
| Jul, 2020 | Amount | Series A - Reap | Valuation |
investors |
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| Jul, 2019 | Amount | Seed - Reap | Valuation | Fresco Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reap
Reap has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include HashKey Exchange, ABACUS VENTURE and Acorn Pacific Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in technology-driven companies by Acorn Pacific Ventures.
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Founded Year | Domain | Location | |
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Seed-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Investments are made by Fresco Capital in seed-stage startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Reap
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Reap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reap Comparisons
Competitors of Reap
Reap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Square, PayU, Ant Group and Concur, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solution for consumers, small and micro businesses
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Reap
Frequently Asked Questions about Reap
When was Reap founded?
Reap was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is Reap located?
Reap is headquartered in Hong Kong, China.
Is Reap a funded company?
Reap is a funded company, having raised a total of $45.69M across 3 funding rounds to date.
What does Reap do?
A global financial infrastructure is developed by Reap, focusing on stablecoin-powered solutions for seamless cross-border transactions. Services are offered to crypto-native businesses, neobanks, fintechs, and emerging market enterprises. Corporate cards, payment APIs, and business accounts are provided to integrate fiat and stablecoin operations. The company operates in the financial technology sector, emphasizing security with PCI compliance and regulatory licensing in regions like Hong Kong and Mexico. Tools for real-time risk detection are integrated to ensure compliance and scalability.
Who are the top competitors of Reap?
Reap's top competitors include PayU, Flutterwave and Square.
What products or services does Reap offer?
Reap offers Reap Direct, Corporate Cards, Payments, Card Issuing, and Payment API.
Who are Reap's investors?
Reap has 12 investors. Key investors include HashKey Exchange, ABACUS VENTURE, Acorn Pacific Ventures, Arcadia Funds Management, and Hustle Fund.