Kraken Parent Payward Buys Reap Technologies in $600M Deal

May 7, 2026 - 16:45
Kraken Parent Payward Buys Reap Technologies in $600M Deal
Kraken parent Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million, expanding its push into stablecoin payments and business-to-business (B2B) financial infrastructure. Payward has entered into a definitive agreement to acquire Reap for up to $600 million, the company announced Thursday. The deal is set to be paid in a mix...

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