Hong Kong-based fintech Reap has partnered with identity verification and anti-fraud platform Sumsub to strengthen its onboarding and compliance infrastructure as the company expands into new international markets.
The collaboration will allow Reap to automate Know Your Customer (KYC) and verification processes for both business clients and end cardholders, helping the company maintain regulatory compliance while delivering a seamless user experience across jurisdictions.
Reap, which specializes in stablecoin-powered cards, cross-border payments, and financial infrastructure for businesses, has been rapidly expanding beyond the Asia-Pacific region. As regulatory requirements continue to evolve across different markets, the company is seeking scalable compliance solutions that can support global growth.
According to Reap’s Head of Legal, Risk and Compliance, Darryl Wan, onboarding plays a critical role in customer experience and must remain both efficient and compliant regardless of where users are located.
Through Sumsub’s API-first compliance platform, Reap can configure onboarding workflows based on customer type, geographic location, and risk profile. The system enables localized verification requirements while maintaining consistent compliance standards across all markets.
One of the key components of the partnership is Sumsub’s Reusable KYC technology. The feature allows users who have previously completed verification through Sumsub to avoid repeating the same identity checks and document submissions when onboarding with new services using the platform.
The approach is designed to reduce friction while preserving compliance with anti-money laundering (AML) and counter-terrorist financing regulations.
Sumsub’s infrastructure supports verification of more than 14,000 identity document types from over 220 countries and territories. Combined with its liveness detection technology, the platform enables identity verification within seconds, helping businesses streamline onboarding without sacrificing security.
Penny Chai, Vice President APAC at Sumsub, said the partnership reflects the growing need for trusted digital identity solutions capable of operating across fragmented regulatory environments.
As Reap continues expanding its stablecoin-based financial services globally, the company plans to further automate onboarding and verification processes, ensuring its compliance framework can support long-term growth and new product launches.
Founded in Hong Kong, Reap employs approximately 300 people worldwide and focuses on bridging traditional finance and digital assets through stablecoin-native financial infrastructure. The company reported processing billions of dollars in stablecoin-funded transaction volume during 2025.
The partnership highlights the increasing importance of scalable identity verification and compliance technologies as stablecoin-powered financial services continue to gain traction globally.
