Reap, a global FinTech building stablecoin-native cards, payments and financial infrastructure for businesses, has partnered with identity verification provider Sumsub to streamline compliant onboarding as it expands into new markets.
The two companies are working together to automate verification checks for both business customers and individual cardholders, while reducing instances where users are required to repeat the same checks across multiple onboarding flows.
As Reap moves beyond its existing Asia-Pacific footprint into additional regions, it faces a more complex regulatory landscape, including varying anti-money laundering and counter-financing of terrorism requirements across jurisdictions. The Sumsub platform allows Reap to manage these demands through a modular, API-first setup that lets its team configure verification flows according to customer type, geography and risk profile from a single location. Using Sumsub’s workflow builder, custom verification levels and configurable fields, Reap can localise checks for each new market while maintaining a consistent global compliance standard.
A key element of the partnership is Sumsub’s Reusable KYC capability. Sumsub’s internal data indicates that one in three applicants have previously completed a verification with Sumsub before starting a new onboarding flow, yet many are still required to resubmit the same documents. Through Reusable KYC, Reap can reduce these redundant steps for its users while remaining compliant with global regulatory requirements. Sumsub’s platform supports verification of more than 14,000 identity document types from over 220 countries and territories, and its proprietary Liveness Detection technology enables individual verification within seconds.
Reap is a global FinTech focused on providing stablecoin-native cards, payments and financial infrastructure to businesses. The company has been expanding its presence beyond APAC into new international markets, with a growing suite of financial tools designed to give businesses seamless access to stablecoin-powered products.
Looking ahead, Reap has said it intends to further automate complex onboarding processes for its clients, building on its current Sumsub implementation to support faster, more scalable verification across a wider range of markets and use cases, with the aim of keeping its compliance infrastructure ready for sustained long-term growth.
Reap head of legal, risk and compliance Darryl Wan said, “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. 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.”
Sumsub vice president, APAC Penny Chai said, “A thriving digital economy depends on trust moving seamlessly across platforms and borders. 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.”
Copyright © 2026 FinTech Global
