Visa

Reap

3.5/10Overall Score

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Stablecoin-powered corporate payments and card infrastructure

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Card Mode

Card Type

Credit

Mobile Payments

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About the Project

Reap is a licensed fintech company providing stablecoin-powered financial infrastructure for businesses. It enables companies to deposit funds in stablecoins like USDC/USDT and directly use Visa credit cards for daily expenses, supplier payments, and cross-border transactions without needing a traditional bank account. The platform supports multiple chains including Ethereum, Polygon, Solana, and TRON, with payments in 20+ fiat currencies across 200+ countries. Core features include business accounts, Visa card issuance, batch payments, expense management, and API access. Reap holds licenses in Hong Kong and Mexico, with built-in compliance and risk controls (e.g., Chainalysis), serving Web3 companies, DAOs, and exchanges with an all-in-one treasury management solution.

Team & Investors

Team 6

Daren GuoCo-Founder

Kevin KangCo-Founder

Mindaugas SavickasHead of Marketing

William ZhaoInvestor

Ezequiel Mariano GorbatikEngineering Manager

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Felix ChungHead of Business Operations

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Recent News

2026-11-05Reap, Meitu's EveLab Insight, and Pivota Sign MOU to Explore Bringing Agentic Beauty Shopping to Life 2026-10-05Reap and Collinson International Enter Landmark Partnership to Bring Priority Pass Airport Experiences to the Stablecoin and Crypto Ecosystem - Chainwire 2026-09-23Reap launches a direct consumption ledger for virtual assets: supports direct card payment using BTC balance 2026-09-22Visa partner Reap plans to launch a Mexican peso stablecoin, exploring 24/7 on-chain foreign exchange 2026-05-14Why did Kraken buy Reap instead of buying a U card?

Card Guide

Overview

Reap is a Hong Kong-based payments technology company licensed in Hong Kong, Mexico and Singapore, focused on stablecoin-settled cross-border payments and corporate cards, with clients including Animoca and RedotPay. The Reap Card is a Visa corporate credit card secured 1:1 by stablecoins: a company deposits USDC or USDT as collateral and receives an equivalent credit line, repaying monthly in fiat or stablecoins. The settlement currency, USD or HKD, is chosen at onboarding and cannot be changed later.

Item	Details
Card forms:	virtual and physical cards issued per employee, each with its own limits.
Tiers:	one corporate product in two settlement versions, USD and HKD.
Funding:	USDC or USDT collateral, or a fiat wire.
Use cases:	corporate travel, SaaS and advertising, cross-border procurement and employee expenses.

Benefits

Item	Details
Credit line:	100% of collateral value at a 1:1 ratio, with no leverage.
Interest-free period:	up to 51 days, covering 20 days after the statement date.
Repayment:	fiat repayment and deduction from stablecoin collateral are both free, chosen month by month.
Spend controls:	card-level and team-level limits, real-time analytics, Xero reconciliation and receipt auto-matching.
Refunds and disputes:	transaction refunds, chargeback handling and card replacement carry no fee.

Fees

Item	Details
Issuance:	free. Annual and monthly fees: zero.
Domestic card transactions:	free.
Cross-border:	2%, charged only when a transaction is not in the card's home currency.
ATM withdrawal:	2% of the amount withdrawn.
Repayment fees:	zero for both fiat and stablecoin collateral repayment.
Late payment and interest:	HKD 230 or USD 30 late fee, with 25% APR on overdue balances.

Availability

Item	Details
Availability:	business accounts across licensed jurisdictions including Hong Kong, Singapore and Mexico, with cross-border payment and issuing services for companies elsewhere.
Onboarding:	a registered company passing KYB, including ownership and beneficial owner checks, plus proof of address; approvals take as little as one business day and typically within three. Individuals cannot apply.
Spending limit:	USD 1,000,000 per card per day, or the HKD equivalent.
ATM limits:	USD 3,000 a day over at most three withdrawals, and USD 10,000 a month.
Settlement currency:	USD or HKD, chosen once at onboarding and fixed thereafter.
Collateral:	USDC and USDT only, counted 1:1.