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Kraken parent Payward has agreed to acquire Hong Kong-based Reap Technologies for up to $600 million.
Payward will acquire Reap Technologies for up to $600 million in cash and stock.
KEY POINTS
- Reap will add global card issuance and cross-border stablecoin payments to Payward Services' platform.
- Reap continues as a standalone platform after the acquisition, pending regulatory approvals.
- Asia has become Payward’s fastest-growing region outside Europe in both revenue and platform assets.
- Payward maintains an active IPO filing, though preparations were paused in March due to market conditions.
COMPANIES
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