About Reap

Reap is a financial platform that provides secure API connectivity for businesses to access and manage their financial data in real-time. This enables companies of all sizes to streamline their financial operations and improve decision-making through enhanced data visibility and integration.

```xml <problem> Many businesses face challenges in managing global payments, including high fees, complex processes, and limited flexibility in currency options. Traditional financial systems often lack the speed and transparency required for efficient international transactions, hindering growth and creating operational inefficiencies. </problem> <solution> Reap provides a suite of financial products and APIs designed to streamline global payments using both fiat and digital currencies. The platform offers corporate credit cards with flexible repayment options, enabling businesses to manage expenses and optimize cash flow. Reap Pay facilitates international payouts with transparent pricing and various funding methods, while the Card Issuing API allows companies to launch their own branded card programs. By integrating these solutions, businesses can achieve borderless finance, reduce transaction costs, and enhance control over their financial operations. </solution> <features> - Corporate credit cards with fiat and stablecoin repayment options - Global payout capabilities via bank transfers with transparent, variable fees (0.8 - 1.8% + cross-border fee of $25 USD) - Card Issuing API for launching custom-branded card programs with flexible top-up options (crypto or fiat) - Spend control features, including card-level and team-level controls - Expense management tools with real-time spend analytics and Xero integration - PCI compliance and fraud prevention measures using transaction monitoring tools like Chainalysis - Developer-friendly APIs with secure sandbox testing and robust documentation - Mobile app for receipt capture and transaction management </features> <target_audience> Reap targets businesses of all sizes that require efficient and cost-effective solutions for managing global payments, including Web3 exchanges, e-commerce companies, and international organizations. </target_audience> <revenue_model> Reap generates revenue through transaction fees on Reap Pay (0.8-1.8% + $25 cross-border fee), interchange fees on corporate cards, and customized pricing packages for Card Issuing and Payment API solutions. </revenue_model> ```

What does Reap do?

Where is Reap located?

Reap is based in Hong Kong, Hong Kong.

When was Reap founded?

Reap was founded in 2018.

How much funding has Reap raised?

Reap has raised 46770000.

Location

Hong Kong, Hong Kong

Founded

2018

Funding

46770000

Employees

126 employees

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Reap

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Executive Summary

reap.global 20K+

Founded 2018 – Hong Kong, Hong Kong

Funding

Estimated Funding

$20M+

Team (100+)

No team information available.

Company Description

Problem

Many businesses face challenges in managing global payments, including high fees, complex processes, and limited flexibility in currency options. Traditional financial systems often lack the speed and transparency required for efficient international transactions, hindering growth and creating operational inefficiencies.

Solution

Reap provides a suite of financial products and APIs designed to streamline global payments using both fiat and digital currencies. The platform offers corporate credit cards with flexible repayment options, enabling businesses to manage expenses and optimize cash flow. Reap Pay facilitates international payouts with transparent pricing and various funding methods, while the Card Issuing API allows companies to launch their own branded card programs. By integrating these solutions, businesses can achieve borderless finance, reduce transaction costs, and enhance control over their financial operations.

Features

Corporate credit cards with fiat and stablecoin repayment options

Global payout capabilities via bank transfers with transparent, variable fees (0.8 - 1.8% + cross-border fee of $25 USD)

Card Issuing API for launching custom-branded card programs with flexible top-up options (crypto or fiat)

Spend control features, including card-level and team-level controls

Expense management tools with real-time spend analytics and Xero integration

PCI compliance and fraud prevention measures using transaction monitoring tools like Chainalysis

Developer-friendly APIs with secure sandbox testing and robust documentation

Mobile app for receipt capture and transaction management

Target Audience

Reap targets businesses of all sizes that require efficient and cost-effective solutions for managing global payments, including Web3 exchanges, e-commerce companies, and international organizations.

Revenue Model

Reap generates revenue through transaction fees on Reap Pay (0.8-1.8% + $25 cross-border fee), interchange fees on corporate cards, and customized pricing packages for Card Issuing and Payment API solutions.