Half-Billion Dollar Deal Sees Digital Payments Giant Payward Expand Capabilities with Purchase of Fintech Firm Reap

Payward Inc., the parent company of crypto exchange Kraken, agreed to acquire Reap Technologies Holdings Limited for up to $600 million. The payment combines cash and Payward stock. Reap Technologies is a financial technology company based in Hong Kong. It provides stablecoin-based payment infrastructure for businesses. A stablecoin is a digital currency pegged to a fixed value, such as the US dollar, to reduce price volatility.

Reap operates cross-border payments across emerging marketsReap Technologies provides cross-border payment services, corporate card solutions, and treasury management tools. Its systems settle transactions using stablecoins. The company operates in Hong Kong, Singapore, Mexico, and other emerging markets. Reap also supplies the payment infrastructure behind many crypto-linked debit cards, known as U cards, used across Asia.

"Payward is issuing stock at a valuation of $20 billion", 06 May 2026. — Arjun Sethi, Co-CEO, Payward / Kraken 

Stock component values Payward at $20 billionPart of the acquisition price is paid in Payward shares. Arjun Sethi, co-chief executive officer of Payward and Kraken, stated the stock component implies a $20 billion equity valuation for Payward. This figure aligns with estimates from previous Payward funding rounds. The deal has not yet closed and remains subject to standard closing conditions.

Acquisition targets stablecoin infrastructure in AsiaThe purchase expands Payward's regulated infrastructure for card issuance and stablecoin payments across international markets. Payward stated the deal accelerates its expansion into Asia, Africa, and other emerging markets. Reap's card issuing and cross-border payment stack will integrate into Payward's existing services. Reap Technologies provides cross-border payment services, corporate card solutions, and treasury management tools. Its systems settle transactions using stablecoins. The company operates in Hong Kong, Singapore, Mexico, and other emerging markets. Reap also supplies the payment infrastructure behind many crypto-linked debit cards, known as U cards, used across Asia.

"Payward is issuing stock at a valuation of $20 billion", 06 May 2026. — Arjun Sethi, Co-CEO, Payward / Kraken 

Stock component values Payward at $20 billionPart of the acquisition price is paid in Payward shares. Arjun Sethi, co-chief executive officer of Payward and Kraken, stated the stock component implies a $20 billion equity valuation for Payward. This figure aligns with estimates from previous Payward funding rounds. The deal has not yet closed and remains subject to standard closing conditions.

Acquisition targets stablecoin infrastructure in AsiaThe purchase expands Payward's regulated infrastructure for card issuance and stablecoin payments across international markets. Payward stated the deal accelerates its expansion into Asia, Africa, and other emerging markets. Reap's card issuing and cross-border payment stack will integrate into Payward's existing services. "Payward is issuing stock at a valuation of $20 billion", 06 May 2026. — Arjun Sethi, Co-CEO, Payward / Kraken 

Stock component values Payward at $20 billionPart of the acquisition price is paid in Payward shares. Arjun Sethi, co-chief executive officer of Payward and Kraken, stated the stock component implies a $20 billion equity valuation for Payward. This figure aligns with estimates from previous Payward funding rounds. The deal has not yet closed and remains subject to standard closing conditions.

Acquisition targets stablecoin infrastructure in AsiaThe purchase expands Payward's regulated infrastructure for card issuance and stablecoin payments across international markets. Payward stated the deal accelerates its expansion into Asia, Africa, and other emerging markets. Reap's card issuing and cross-border payment stack will integrate into Payward's existing services. Stock component values Payward at $20 billionPart of the acquisition price is paid in Payward shares. Arjun Sethi, co-chief executive officer of Payward and Kraken, stated the stock component implies a $20 billion equity valuation for Payward. This figure aligns with estimates from previous Payward funding rounds. The deal has not yet closed and remains subject to standard closing conditions.

Acquisition targets stablecoin infrastructure in AsiaThe purchase expands Payward's regulated infrastructure for card issuance and stablecoin payments across international markets. Payward stated the deal accelerates its expansion into Asia, Africa, and other emerging markets. Reap's card issuing and cross-border payment stack will integrate into Payward's existing services. Part of the acquisition price is paid in Payward shares. Arjun Sethi, co-chief executive officer of Payward and Kraken, stated the stock component implies a $20 billion equity valuation for Payward. This figure aligns with estimates from previous Payward funding rounds. The deal has not yet closed and remains subject to standard closing conditions.

Acquisition targets stablecoin infrastructure in AsiaThe purchase expands Payward's regulated infrastructure for card issuance and stablecoin payments across international markets. Payward stated the deal accelerates its expansion into Asia, Africa, and other emerging markets. Reap's card issuing and cross-border payment stack will integrate into Payward's existing services. The purchase expands Payward's regulated infrastructure for card issuance and stablecoin payments across international markets. Payward stated the deal accelerates its expansion into Asia, Africa, and other emerging markets. Reap's card issuing and cross-border payment stack will integrate into Payward's existing services. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.