Payward / Reap 2026
Kraken (Payward) acquired Reap Technologies for $600M on May 7, 2026.
- Target
- Reap Technologies
- Acquirer
- Kraken (Payward)
- Deal value
- $600M
- Announced
- May 7, 2026
- Sub-sector
- Crypto / Stablecoin
Transaction overview
- Kraken (Payward) announced the acquisition of Reap Technologies on May 7, 2026 for $600M.
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
Sources
- financial-news.co.uk /payward-buys-reap-for-600m-in-stablecoin-payments-push/