MetaComp secures $35M in funding

Singaporean fintech firm MetaComp announced it has raised $35 million in a pre-Series A seed round. The round was led by Alibaba, with participation from Spark Ventures and other institutional investors. MetaComp, which holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), provides a payment solution that combines fiat currency and stablecoins. The company plans to use the funds to expand its global stablecoin payment network and build a financial ecosystem utilizing AI technology.