Transaction · Crypto / Stablecoin · 2026

Payward / Reap 2026

Payward acquired Reap Technologies for $600M on May 7, 2026.

Target
Reap Technologies
Acquirer
Payward
Deal value
$600M
Announced
May 7, 2026
Sub-sector
Crypto / Stablecoin

Transaction overview

  • Payward announced the acquisition of Reap Technologies on May 7, 2026 for $600M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Adds card issuance and cross-border stablecoin payment capabilities to Payward's B2B infrastructure platform, enabling embedded payment solutions bridging traditional finance and digital assets.

Deal terms & multiples

Deal value
$600M
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
May 7, 2026
Acquirer
Payward (Strategic)
Sub-sector
Crypto / Stablecoin

Frequently asked questions

How much did Payward pay for Reap Technologies?

Payward acquired Reap Technologies for $600M, announced on May 7, 2026.

When did Payward announce the acquisition of Reap Technologies?

Payward announced the acquisition of Reap Technologies on May 7, 2026.

What sub-sector is Reap Technologies in?

Reap Technologies is tracked in the Crypto / Stablecoin sub-sector.

Sources