Company Research Report: Reap Technologies Limited

Company Overview

• Name: Reap Technologies Limited

• Mission: To pioneer a frictionless global financial ecosystem through technology, merging traditional finance with digital assets, bridging disparate economies, and connecting key financial players.

• Founded: 2018

• Founders:

• Daren Guo

• Kevin Kang

• Key People:

• Daren Guo, Co-Founder

• Kevin Kang, Co-Founder

• Headquarters: No specific address is available, but Reap operates extensively in Hong Kong.

• Number of Employees: Over 100 professionals spanning across eight countries.

• Revenue: No specific information is available.

• Known for: Reap is highly recognized for its financial technology solutions that provide seamless payment experiences, particularly with corporate credit solutions like the Reap Card.

Products

Overview

Reap Technologies offers a diverse array of products designed to streamline financial operations for businesses in today's digital economy.

Product Details

1. Reap Card

• Description: A corporate credit card equipped with flexible bill repayment options available in both fiat and digital currencies.

• Key Features:

• Flexibility in payment options

• Integration of cutting-edge security measures, compatible with PCI DSS standards for secure transactions.

2. Reap Pay

• Description: A payment solution enabling users to make international payments using preferred currencies.

• Key Features:

• Supports various global currencies

• Aids in executing payments anywhere, enhancing cross-border transaction ease.

3. Card Issuing

• Description: A solution allowing businesses to launch their own card programs using a plug-and-play model.

• Key Features:

• Customizable card programs

• Quick setup and deployment.

4. Payment API

• Description: An infrastructure offering automated global fiat payouts at scale.

• Key Features:

• Automation of payment processes

• Scalability for global transactions, aiding in efficient financial operations.

Recent Developments

• Jan 10, 2025: Reap received In-Principle Approval for Major Payment Institution License from the Monetary Authority of Singapore, marking a significant step in expanding its operational capabilities.

• Nov 5, 2024: Entered a partnership with TruBit to enhance nearshoring in Mexico and improve cross-border payment solutions across LATAM and Asia.

• Jan 30, 2024: Strengthened its compliance and risk management protocols by integrating with Chainalysis.

• May 11, 2023: Partnered with Triple-A to facilitate businesses' ability to pay fiat bills using digital currencies, reflecting a shift towards more versatile payment options.

• Jan 11, 2023: Collaborated with Fireblocks to enable stablecoin repayments via the Reap Card, indicating a move towards integrating digital assets with traditional financial tools.

• Oct 27, 2022: Secured a US$ 40 million investment during their Series A funding round, poised for expanding its global market presence with its proprietary Reap Card platform.

Additional Notes

Reap operates under a Money Service Operator license in Hong Kong, ensuring strict compliance with financial regulations and safeguarding user transactions using advanced fraud prevention methods. The company's technological infrastructure supports seamless integration and rapid deployment, empowering businesses to tailor solutions to their unique needs, thereby enhancing financial accessibility globally.