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Reap raises $40m in growth funding

Hong Kong based web3 payments startup raised $40m led by Acorn Pacific Ventures, Arcadia Funds and HashKey Capital.

“We want to build software and tools to enable more traditional businesses to get to payment digitalization faster,” says Daren Guo, cofounder of Reap. “At the same time, we want to enable access and connectivity for Web3 projects to ensure that they can continue to innovate and bring a lot of their ideas and creativity to apply for some of these more traditional companies.”

Tags

digital payments, web3