Stablecoin cards and payments fintech taps into Sumsub’s scalable compliance platform, leveraging customizable workflows and enhanced digital identity verification to support global growth ambitions.
Sumsub has partnered with Reap, a global fintech building stablecoin‑native cards, payments and financial infrastructure for businesses, to power compliant onboarding as Reap grows across new markets. Together, Sumsub and Reap are automating user verification checks for both business customers and end cardholders, as well as reducing repeated verifications to keep user experiences smooth.
As Reap extends its footprint beyond APAC into other regions, the company faces increasing regulatory complexity across different regimes alongside varying anti-money laundering and counter-financing of terrorism (AML/CFT) requirements. Working with Sumsub, Reap is able to ensure a secure and smooth onboarding experience for the user.
"Onboarding is often the first real experience a customer has with Reap and it needs to be fast, simple, and compliant no matter where they are located," said Darryl Wan, Head of Legal, Risk and Compliance, Reap. "With the right infrastructure in place, we can scale into new markets and give businesses seamless access to stablecoin-powered cards, payments and financial tools. We are delighted to partner with Sumsub to enhance our verification and KYC processes."
With Sumsub, Reap orchestrates onboarding through a modular, API‑first platform that lets the team configure verification flows by customer type, geography and risk profile from one place. Using Sumsub’s custom verification levels, workflow builder and configurable fields, Reap can quickly localize checks for new markets while maintaining a consistent global standard.
Sumsub’s internal data shows that one in three applicants have verified previously with Sumsub before beginning a new onboarding flow, yet many are still asked to upload the same documents and repeat checks. Through Reusable KYC, Sumsub enables Reap to minimize redundant verification steps for its users while ensuring continued compliance with global regulations for its business clients and cardholders.
With the ability to verify over 14,000 types of identity documents from more than 220 countries and territories, Sumsub provides the global coverage required to support Reap’s international expansion. Powered by Sumsub’s proprietary Liveness Detection capabilities, Reap can verify individuals in just a few seconds within its growing base of clients, minimizing unnecessary friction across the onboarding process.
“A thriving digital economy depends on trust moving seamlessly across platforms and borders,” said Penny Chai, Vice President, APAC at Sumsub. “Our platform is designed to address fragmented regulatory environments across jurisdictions while enabling seamless user experiences through reusable digital identity. By verifying users once and extending that trust across the ecosystem, we help fast-growing fintechs like Reap reduce unnecessary onboarding friction without compromising on compliance.”
As Reap continues to enter new markets and roll out additional products, the company is exploring ways to further automate complex onboarding processes for its clients. Building on its current implementation with Sumsub, Reap aims to support faster and more scalable verification across a wider range of markets and use cases, ensuring its compliance infrastructure remains ready for long‑term growth.
To learn more about how Sumsub supports Reap’s global expansion, please visit: https://sumsub.com/customers/reap/.
About Reap
Reap is a global technology company building stablecoin-native and payments infrastructure that enables financial connectivity and access for businesses worldwide. Our mission is to transform the financial landscape for efficient money movement, by merging traditional finance with digital assets, bridging disparate economies, and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate credit cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.
More information about Reap can be found at reap.global.
