Payward to Acquire Reap Technologies Holdings to Expand Stablecoin Card and Cross-Border Payments
May 7, 2026
Payward, Inc. (Kraken’s parent) has entered into a definitive agreement to acquire Reap Technologies Holdings Limited, a stablecoin-native card issuing and payments infrastructure company, for up to $600 million in cash and Payward stock. The deal expands Payward Services—its B2B financial infrastructure platform—into the global cards and stablecoin payments space, with Reap to continue operating as a standalone platform within Payward’s ecosystem.
- Buyers
- Payward, Inc.
- Targets
- Reap Technologies Holdings Limited
- Industry
- Payments & Fintech
- Location
- Hong Kong
- Transaction Type
- Buyout
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