The $40 million came from the investment round in which the digital payment company Reap took part. The money will be used to build infrastructure that will make it easier for Web3 businesses and traditional businesses to pay each other.
From Silicon Valley The main investors in this round of funding are Acorn Pacific Ventures, a financial services company in the United States called Arcadia Funds, and a digital asset manager in Hong Kong called HashKey Capital. With the money raised, regional centers will be set up in Asia, North America, and Europe, and the company will hire twice as many people by the end of the following year.
Reap is a company that offers digital financial services to businesses, such as managing expenses and taking online payments. One of the companies that has been interested in its services is Binance, which is owned by billionaire Changpeng Zhao.
Some of the company’s customers are well-known businesses like the Taiwanese computer maker Acer and the new logistics company Pickupp. Since it started in 2018, the company has raised $46 million through successful investment rounds.
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