Payward, Inc., a prominent financial infrastructure platform, has announced its definitive agreement to acquire Reap Technologies for up to $600 million. This strategic transaction, comprising cash and stock, elevates Payward's equity valuation to a substantial $20 billion. The acquisition is set to significantly enhance Payward's B2B offerings by integrating Reap's advanced stablecoin-native payment and card-issuing infrastructure.
A Strategic Expansion into Global Payments
The acquisition directly expands Payward Services, the company's business-to-business infrastructure platform. Partners will gain a single integration point for a wider range of financial tools, from crypto trading to global card issuance. This move continues Payward's strategy of targeted acquisitions to broaden its platform's capabilities and market reach.
Reap has established itself as a leader by connecting traditional financial systems with the efficiency of digital assets. Its API-driven platform supports corporate card programs and cross-border payouts using stablecoin-native settlement for enhanced speed. The company's significant growth in 2025, where it nearly tripled revenue, highlights the increasing business demand for stablecoin solutions.
Vision for a Unified Financial Future
Payward's Co-CEO, Arjun Sethi, views this as a foundational move for the future of finance, which he sees as continuous and programmable. He described Reap as the essential payments layer for this new world, where card networks and blockchains converge. This vision positions stablecoins as the central settlement substrate for next-generation commerce and financial products.
From Reap's perspective, joining Payward is a natural step to accelerate the adoption of stablecoin payments. Daren Guo, Reap's Co-Founder and CEO, noted the opportunity to connect their card solutions with a full suite of crypto-native services. This collaboration aims to provide clients with unparalleled scale, regulatory reach, and distribution in the Web3 economy.
Global Regulatory and Operational Synergy
A key advantage of the merger is the creation of a complementary global regulatory footprint. Reap's licenses will accelerate Payward's expansion across the Asia-Pacific region and the Americas. In return, Payward's established presence in the EU and US will open new corridors for Reap's services.
Following the acquisition, Reap will continue to operate as a standalone platform within the broader Payward ecosystem. The company will retain its leadership team, led by CEO Daren Guo, as well as its distinct brand identity. Its card issuing and payment capabilities will be integrated and made available to all Payward Services partners.
The acquisition of Reap by Payward marks a significant consolidation in the financial technology sector, uniting two powerful infrastructure providers. This $600 million deal is poised to accelerate the integration of stablecoins into mainstream global payments and corporate treasury functions. Subject to customary closing conditions and regulatory approvals, the transaction is expected to be finalized in the latter half of 2026.