Reap
Reap Technologies
Reap is a global, stablecoin-powered financial infrastructure based in Hong Kong, offering Visa corporate cards, payout solutions and expense management for businesses. It issues cards directly as a Visa Principal Member (Hong Kong and Mexico), with 1:1 collateral, letting businesses spend in fiat and repay in stablecoins or fiat. Clients include crypto companies such as Animoca Brands and Trust Wallet. In 2025 an acquisition by Payward (Kraken's parent company) for up to $600 million was announced.
Data & conditions
| Service type | Card issuing / BaaS |
|---|---|
| Pricing model | Custom quote |
| Card networks | Visa |
| Card types | virtual, physical, credit, charge |
| Stablecoins | USDC |
| Customer type | Fintech, Enterprise, SMEs |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | APAC, LATAM, EEA, MENA |
| Segment | B2B |
| MiCA / License status | Visa Principal Member (Hong Kong e Messico) |
Strengths
- Issues Visa corporate cards directly as a Visa Principal Member (HK and Mexico), with 1:1 collateral.
- Stablecoin-to-fiat bridge: fiat spend with repayment in stablecoins or fiat; notable crypto clients; profitable in 2025.
- No notable sovereignty advantage documented.
Weaknesses
- B2B service: not accessible to private end consumers.
- Acquisition by Payward (Kraken) in progress: integration and product evolution worth monitoring.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 4.0/5, very strong profile. In its favour: issues Visa corporate cards directly as a Visa Principal Member (HK and Mexico), with 1:1 collateral. The trade-off to weigh: b2B service: not accessible to private end consumers.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual get a Reap card?
No. Reap issues Visa corporate cards for businesses, with repayment in stablecoins or fiat; it is not a product for the private end consumer.
Who issues Reap cards?
Reap issues them directly as a Visa Principal Member in Hong Kong and Mexico, backed by 1:1 collateral.
Sources
- Official service page Payout Data verified on Jul 17, 2026
- finance.yahoo.com Data verified on Jul 17, 2026