VENDOR · GLOBAL
Payward (Kraken) acquires corporate card provider Reap for up to $600M
Payward, parent of crypto exchange Kraken, completed acquisition of Reap, a corporate card platform, in an all-cash deal valued at up to $600 million. Move positions crypto exchange to compete in B2B payments and stablecoin-based corporate treasury services.
WHY IT MATTERS
Crypto platform acquiring core payments infrastructure signals race for crypto-native corporate banking; corporate card market becoming battleground between traditional fintechs and blockchain-based operators competing on settlement speed and cost.
Source: PYMNTS · 2026-07-02