MetaComp, a Singapore-based company that handles cross-border payments and digital assets, has raised $22 million in its pre-Series A funding round. The company is using this investment to grow its global payment network, which connects traditional banking systems with stablecoin-based transfers.
The funding round was supported by investors including Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital, according to the announcement.
MetaComp has received a Major Payment Institution licence from the Monetary Authority of Singapore (MAS).
This licence allows the company to offer cross-border money transfers and digital payment token services.
The company said the funds will help speed up the rollout of its StableX Network. The firm wants “local-fiat in, stablecoin rails across borders and local-fiat out” settlement.
The company plans to grow its presence in Southeast Asia, South Asia, and the Middle East, noting increasing demand for fast payment systems that remain fully compliant with regulations.
MetaComp launched its StableX Engine in May, a foreign exchange and liquidity platform designed for business-to-business payments.
The engine can route payments either through SWIFT or stablecoin networks, supporting over 10 stablecoins, including USDT and USDC.
“StableX and VisionX give enterprises the speed of stablecoins with the safeguards of regulated finance,” said Dr Bo Bai, chairman and co-founder of MetaComp.
“We see MetaComp using payments as a foundation to scale into higher-value financial services and emerging as a next-generation leader in cross-border payment & treasury management infrastructure,” said Ron Cao, Founder and Partner of Sky9 Capital.
Tin Pei Ling, Co-President of MetaComp, said, “With regulations around stablecoins gaining clarity, enterprises now have the clarity to modernise their settlement processes. Our volumes, now exceeding US$1 billion a month across more than 30 markets, show that businesses want real-time payments that combine speed with compliance. This funding allows us to scale StableX and VisionX across Southeast Asia and build the Web2.5 infrastructure that the region’s digital economy can depend on.”
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