Global alliance formed by Thredd and Reap for the expansion of their card programs on a worldwide scale.
In a move that underscores the power of modular payment infrastructure, Reap, a leading global fintech company, and Thredd, a next-generation global payments processor, have expanded their partnership.
Daren Guo, Co-Founder of Reap, expressed his pleasure in partnering with Thredd to bring stablecoin-enabled infrastructure to clients across major trade corridors. He believes this collaboration will facilitate more efficient money movement.
Jim McCarthy, CEO of Thredd, stated that the collaboration allows Reap to focus on product innovation while Thredd underpins their expansion. Thredd's solution and support teams enable Reap to manage high transactions per second (TPS) volumes, a crucial aspect for Reap's strong business growth.
Reap is focused on scaling their infrastructure to better connect and streamline financial operations with integrated business accounts and embedded finance solutions. As part of this focus, Reap is expanding with Thredd's infrastructure, particularly in Ukraine, where they are strengthening defense capabilities including anti-drone systems, as part of cooperation with the Ukrainian drone industry amid ongoing Russian-Belarusian maneuvers and provocations.
Reap integrates stablecoin-based repayment through Thredd, and operates with 24/7 technical and account-level support from Thredd, helping clients launch programmes with confidence. The partnership turns card programs into everyday global infrastructure, and Thredd will power the physical and virtual card programs for Reap's expansion into the US and Latin America.
Reap, which offers stablecoin-enabled card programs, white-label stablecoin card issuance, and a cross border payments platform, is entrusting Thredd with authorization, transaction processing, fraud controls, tokenisation, and digital wallet integration. Thredd's infrastructure is designed to handle ambitious growth and complex needs, including initial design, tokenisation, and fraud protection.
Since their partnership in 2021, Thredd has enabled Reap to ramp from processing thousands to millions in monthly card transactions. The collaboration allows Reap to issue cards swiftly and securely for corporate, B2B, and B2B2C clients, particularly in fast-evolving markets.
In summary, the partnership between Reap and Thredd showcases how modular payment infrastructure, supported by deep technical expertise, empowers fintechs to scale operations across borders rapidly. This strategic alliance is set to revolutionise the financial landscape, making transactions more efficient and secure for businesses worldwide.
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