What is Reach?
Founded in 2013 and headquartered in Calgary, Alberta, Canada, Reach operates as a sophisticated cross-border payments platform. The company's core mission is to streamline international e-commerce by facilitating seamless payment processing and enabling businesses to connect with a worldwide customer base. Reach achieves this by integrating with diverse local payment methods, allowing end-consumers to complete transactions using familiar and trusted options, thereby enhancing the overall international shopping experience and reducing friction for global trade.
How much funding has Reach raised?
Reach has raised a total of $30M across 1 funding round:
Corporate Investment
$30M
Corporate Investment (2022): $30M with participation from Bluesky Equities, Tribune Capital, and Vistara Growth Partners
Key Investors in Reach
Bluesky Equities
Bluesky Equities LTD. is a private investment management company based in Calgary, Alberta, Canada, with a broad investment focus across various stages and sectors, including technology and venture capital.
Tribune Capital
Tribune Capital is a venture capital firm headquartered in Calgary, Alberta, that partners with management teams to drive growth, providing patient capital for initial and follow-on financing rounds across industry-agnostic investments.
Vistara Growth Partners
Vistara Growth Partners LLC offers growth-focused services including business development, sales, and capital raising, with a strong track record in helping technology companies scale through a hands-on approach.
What's next for Reach?
The substantial enterprise-level backing positions Reach for accelerated growth and market expansion. With a focus on enhancing its cross-border payment infrastructure, the company is poised to further solidify its role in global e-commerce. Future developments are likely to involve scaling operations, expanding into new international markets, and potentially enhancing its platform's capabilities to support an even wider array of payment methods and compliance requirements. This strategic infusion of capital will be critical in navigating the complexities of international finance and maintaining a competitive edge in the rapidly evolving fintech landscape.
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