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Payward Acquires Reap for $600M, Boosting B2B Crypto Payments
Description
Payward, the parent company of Kraken, acquires Reap for up to $600M, bolstering its B2B platform with card issuance and stablecoin payment tools. This deal, valuing Payward at $20B, marks their first major infrastructure grab in Asia and their largest acquisition yet. Reap, founded by ex-Stripe exec and banker, bridges traditional banking with blockchains. Paywards co-CEO Arjun Sethi hails Reap as the perfect payments layer, positioning them to dominate B2B crypto payments globally.
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