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.
Funding
$46.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
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.
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