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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
& 12 more
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Employee Count
Not available
- Acquired by
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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.
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.
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.
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Early-stage investments are made in technology-driven companies by Acorn Pacific Ventures.
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Seed-stage startups are funded by this venture capital firm.
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Investments are made by Fresco Capital in seed-stage startups.
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Investor details for Reap
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Investments & Acquisitions by Reap
Investment portfolio details for Reap
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Financial Statements - Reap
Detailed financials for Reap
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Reap Comparisons
Peer comparison for Reap
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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.
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Provider of payment processing solutions for businesses
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POS solutions are provided for retail businesses.
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Online payment processing and credit solutions are provided for businesses.
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Payment processing solution for consumers, small and micro businesses
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Corporate travel expenses and invoices are managed via SaaS platform.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Reap
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Latest news on Reap
Complete news archive for Reap
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Frequently Asked Questions about Reap
Reap was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Reap is headquartered in Hong Kong, China.
Reap is a funded company, having raised a total of $45.69M across 3 funding rounds to date.
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.
Reap's top competitors include PayU, Flutterwave and Square.
Reap offers Reap Direct, Corporate Cards, Payments, Card Issuing, and Payment API.
Reap has 12 investors. Key investors include HashKey Exchange, ABACUS VENTURE, Acorn Pacific Ventures, Arcadia Funds Management, and Hustle Fund.