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Reap - Undisclosed Series
Overview
Funding Date
October 26, 2022
Financing amount
$40M
Valuation
--
Subcategory
About Reap - Undisclosed Series
Reap has netted $40 million in a funding round aimed at developing infrastructure to help facilitate payments between Web3 projects and traditional businesses. The financing is led by Silicon Valley-based Acorn Pacific Ventures, U.S. financial services firm Arcadia Funds and Hong Kong digital asset manager HashKey Capital. Other investors who participated in the round include Hong Kong fintech firm Payment Asia, as well as U.S. venture capital firms Hustle Fund and Fresco Capital, among others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2015 | 2 | -- | ||
| Fund | United States of America | 1999 | 1 | -- | ||
| Fund | Hong Kong | 2018 | 177 | contact@hashkey.capital | ||
| Corporate | Hong Kong | 1999 | 1 | services@paymentasia.com | ||
| Fund | United States of America | 2017 | 15 | invest@hustlefund.vc | ||
| Fund | United States of America | 2012 | 1 | -- |
Founders & Team
Daren Guo
Kevin Kang
Company Profile / Project Introduction
Reap is a technology company dedicated to fuelling the ambitions of small businesses. Reap delivers corporate payment solutions to improve the way small businesses operate today and prepare them for the challenges of tomorrow. Currently, Reap's online payments platform enables small businesses to pay expenses and collect revenue – to and from anyone, anywhere – entirely via credit card. The company has revolutionised the way businesses manage cash flow, leveraging credit cards to smooth cash flow and increase capital efficiency by digitising day-to-day finances and transactions. As strong advocates of small to medium-sized businesses, Reap believes businesses should operate at their potential, not at their size. Reap continues to innovate, advancing technology and building better tools for small businesses to level the playing field – by giving every small business the access of a large enterprise.