Singapore-based MetaComp Secures Tens of Millions of Dollars in Pre-A+ Round Financing: Monthly GMV Exceeds $1 Billion, Net Profit Turns Positive

「A newer, more complex but fascinating world.」

Text by | Ren Qian

Exclusive news from "Waves of Undercurrent": Singapore fintech company MetaComp recently secured tens of millions of dollars in a Pre - A+ round of financing, invested by the strategic investment arm of a well - known internet giant, Spark Venture and other institutions, with existing shareholders also participating in the follow - on investment. Three months ago, MetaComp just completed a $22 million Pre - A round of financing, invested by several first - tier US - dollar - denominated institutions.

It is understood that MetaComp achieved a positive annual net profit in 2025. After this round of financing, with other sources of funds including net business cash flow, the company's immediate liquid funds exceed $100 million.

Chen Peiling, the co - president of MetaComp, has 16 years of legislative experience in Singapore and was formerly the president of the China - Singapore Business Association. The other co - president, Eddie Hui - Bon - Hoa, also serves as the company's chief operating officer and has held several core positions such as the chief operating officer of Societe Generale in Asia.

This financing took place against the backdrop that MetaComp and its affiliated companies have been providing cross - border payment and wealth management services to customers in more than 30 countries and regions around the world, with a monthly payment transaction volume of over $1 billion and a managed wealth scale of over $500 million. It has directly brought to the forefront a "middle ground" hidden between the traditional SWIFT order and the crypto world, which is referred to as Web2.5 in the industry context.

In the single Web2.0 fiat currency world, especially for large enterprises going global to developed countries, "tools" such as APIs, payment channels, custodian institutions, and compliance service providers are readily available. However, in emerging markets such as those in Asia, Africa, and Latin America (countries with relatively weak traditional payment systems), the pain points of cross - border payments are no longer just about fees and timeliness. The access mechanism based on transaction volume excludes a large number of small and medium - sized enterprises from efficient payment infrastructure, forcing them to frequently switch payment platforms at a higher cost.

Web2.5 is precisely a "convergence space" designed to solve the pain points of cross - border payments for small and medium - sized enterprises in the real world, a "hybrid payment architecture" that connects and is compatible with traditional financial systems and blockchain networks. It can be simply understood that the system can support the conversion between fiat currency and stablecoin simultaneously, enabling T+0 instant settlement for fiat - to - fiat, fiat - to - stablecoin, stablecoin - to - stablecoin, and fiat - to - stablecoin - to - fiat transactions.

However, MetaComp's ambition is not limited to payments itself. It aims to become the "Ant Financial of the Web2.5 world." Like Ant Financial, it starts with payment channels and then extends to become a more sticky and valuable comprehensive asset management platform.

In the global fintech field, there are few "dreamers" in the combination of payment and wealth management, especially in the more complex new world of Web2.5. The combination of payment and wealth management licenses, the underlying technology, and most importantly, compliance are obvious entry points. Behind this lies the need to build a complete set of links and teams.

It is understood that MetaComp and its affiliated companies began applying for licenses in Singapore in 2019 and have now obtained ten licenses including digital asset trading and custody, cross - border payment, securities, trust, futures, custody, fund management, and RWA Token exchange. In 2025, they started applying for licenses in regions such as Hong Kong, China, Switzerland, the United Arab Emirates, and Canada.

It is worth mentioning that to support the hybrid business model of Web2.5 payment and wealth management, the core banking system CoreX, the multi - cloud MPC wallet WalletX, the foreign exchange intelligent routing system StableX, the end - to - end anti - money laundering system VisionX for fiat - to - stablecoin transactions, and the trading intelligent agent AgentX for the future, which cover stablecoins, fiat currencies, securities, and RWA Tokens, are all self - developed.

In the Web2.5 world, how does money flow? Is this really a fundamental reconstruction of global capital and wealth circulation? How can compliance be effectively addressed? How will stablecoins coexist with fiat - currency payment service companies in the future? How can traditional wealth products and RWA Tokens be interconnected? Taking the opportunity of MetaComp's financing, we had a chat with co - president Chen Peiling.

The following is the conversation, edited —

Part01

Self - developed reconstruction of payment and wealth infrastructure

"Waves of Undercurrent": Can you summarize MetaComp's core positioning in one sentence?

Chen Peiling: MetaComp and its affiliated companies are building a future - oriented Web2.5 integrated payment and wealth management platform for global enterprises, financial institutions, and ultra - high - net - worth clients. It provides hybrid payment services for fiat and stablecoins, hybrid wealth management for traditional securities and RWA Tokens, and further transforms and improves the interaction mode and efficiency of compliant financial services through AI.

"Waves of Undercurrent": I heard that currently your customer base mainly consists of global enterprises, and the monthly transaction volume has reached $1 - 1.5 billion.

Chen Peiling: To be precise, we serve enterprises going global, especially those in Asia, Africa, and Latin America, such as manufacturing, gaming, and the digital marketing, advertising, and cloud service companies that accompany them. This is currently the largest source of business. The monthly transaction volume of $1 billion is just the beginning, indicating strong demand.

Simply put, enterprises sell their goods to Asia, Africa, and Latin America, and the buyers pay in their local currencies or locally circulated stablecoins. However, exporters in Hong Kong, China, or Singapore need offshore RMB or US dollars. In the past, they used traditional channels, which were slow and costly. Now, due to the large fluctuations in the local currencies of Asian, African, and Latin American countries, many buyers already hold a large amount of stablecoins (as a hard - currency reserve). What we do is to help merchants legally collect these funds and complete the repatriation of fiat currency.

"Waves of Undercurrent": Why is the stablecoin solution particularly suitable for the Asian, African, and Latin American markets? What specific pain points does it solve?

Chen Peiling: This starts with the limitations of the SWIFT system. Technically, SWIFT could be fast, but why has it always been slow? For example, in cross - border payments from Mexico to Singapore: Mexican pesos need to be first converted into US dollars, go through the SWIFT correspondent banks, reach the correspondent banks in Singapore, and then be converted into Singapore dollars or offshore RMB. This process usually takes 2 - 5 days.

The long time is not a technical issue but a matter of interests and costs. When there are $7 trillion in foreign exchange transactions flowing globally every day, as long as the funds stay in the correspondent banks, the cost of funds for the banks is zero - banks make money from the interest rate spread. Although there is no interest on this funds during the transfer process, the banks can use it for other businesses. Historical accumulation has allowed them to have a huge source of income from this. In addition, they conduct foreign exchange transactions and provide derivatives in this process, charging fees at each step - truly "taking a cut from every deal."

This is not good for enterprises. However, stablecoins have changed this situation. Converting Mexican pesos into US - dollar stablecoins and then directly converting them into Singapore dollars in Singapore shortens the entire process to about 20 minutes and reduces the cost by more than half.

The key is that within a country, you basically don't need stablecoins - because the domestic banking systems in China, Singapore, and the United States are extremely efficient. However, between countries, especially between Asian, African, and Latin American countries, the combination of the US dollar and the SWIFT system is not efficient. This is the opportunity for Web2.5.

"Waves of Undercurrent": Do these two qualifiers - "between countries" and "Asia, Africa, and Latin America" - mean that the customer base is relatively limited?

Chen Peiling: On the contrary. According to the publicly disclosed data of large enterprises, the growth focus of their international business is gradually shifting from the European and American markets to the Asian, African, and Latin American regions. This is also an important reason why we have received investment from large enterprises in two consecutive rounds. When Chinese enterprises export to Europe and the United States, the value of stablecoins is indeed limited - that's why you hear different opinions about stablecoins from different people.

"Waves of Undercurrent": The entire payment link is very complex to connect and requires strong technical capabilities. How did you build the core engine and compliance framework?

Chen Peiling: Everything is self - developed. At the beginning, we hoped to purchase a core banking system but found that it was not available. No one has ever developed a core banking system that covers fiat currencies, stablecoins, securities, and RWA TOKENS. So, we started self - developing the multi - cloud MPC wallet in 2020 and then the Web2.5 core banking system, which has now been upgraded to version 2.1 this year.

The launch of the StableX network in 2025 was a milestone. It is the infrastructure for Web2.5 cross - border payment and foreign exchange liquidity, supported by two major technologies: the StableX engine and the VisionX engine.

StableX is an intelligent routing engine for cross - border B2B foreign exchange and liquidity. Its main function is to support the exchange between fiat and fiat, fiat and stablecoin, and stablecoin and stablecoin, enabling zero - delay (T+0) conversion to achieve the optimal solution in terms of cost and time.

The other anti - money - laundering risk intelligent engine, VisionX, conducts end - to - end transaction monitoring across traditional finance and Web3.0, providing real - time unified identity verification and transaction risk views for blockchain and off - chain financial systems. In particular, the multi - source anti - money - laundering transaction monitoring engine integrates multiple KYT tools, making transactions safer and reducing frictional costs. In a nutshell, we are connecting the data links between fiat currencies and crypto assets to achieve comprehensive compliance monitoring.

"Waves of Undercurrent": Currently, large - language AI models are having a huge impact on various industries. However, their services in the financial field require high precision, high security, and compliance. It is quite difficult for AI technology companies without financial licenses to develop in this area. How did you overcome this?

Chen Peiling: In November last year, we completed a small - scale test of AgentX, an LLM - supported agent for customer exchange and payment. Through the agent, we directly serve customers, call our Web2.5 core banking system, and use the Web2.5 API gateway to call traditional banks for fiat - currency payments or our MPC wallet for stablecoin payments. Currently, we are further testing the financial security of AgentX and using the latest Agent and Skills technologies to start development in other areas of financial services, including account opening, compliance, and wealth management.

We believe that the future - oriented Web2.5 payment and wealth financial services launched through the Agent + Skills model will reshape the future financial service model to a large extent. However, it is quite difficult to do well. It not only requires grasping the most cutting - edge AI technology but also the industry knowledge of financial services, license compliance service capabilities, and the underlying API gateway to connect with traditional systems. We are one of the few fintech companies in Asia with this foundation, and this will also be the top priority of our self - development work from 2026 to 2027.

"Waves of Undercurrent": Since the capital liquidity is so good, why did you choose to raise funds at this time?

Chen Peiling: MetaComp had achieved full - year profitability in 2025 when it raised funds. In the early stage, we used our own funds to obtain licenses, run the system smoothly, and increase the transaction volume to a sufficient level, reaching a monthly volume of over $1 billion. Our performance proves that we have the opportunity to build an Ant Financial of the Web2.5 world.

The launch of the StableX network in 2025 was, to a certain extent, a matter of timing, location, and people. When global regulatory authorities were formulating new regulatory frameworks for stablecoins and digital assets, the integration of the Web2.0 and Web3.0 worlds was having a strong reaction in the payment field, and all parties in the industry were looking forward to solving the integration pain points. This is the major premise.

For a long time, finding suitable partners has been the biggest challenge in launching the StableX network. This is the reason for external financing. Our investors are not just pure financial investors but have the possibility of business cooperation. Together, we are building an institutional - level cooperation network covering banks, cross - border payments, and the stablecoin ecosystem.

"Waves of Undercurrent": The stablecoin industry has undergone many changes in recent years. Where is it at now?

Chen Peiling: If you ask traditional banks or PSPs (payment service providers), they may not think that stablecoins will have a very fast growth rate in the future. However, we see a booming cycle.

If we break down the financial system, it is hierarchical: the most basic is "counter - service," handling Transaction Banking (remittance and settlement); the second level is FX (foreign exchange); the third level is fixed - income wealth management; above that are bonds, equities, and derivatives, and at the top of the pyramid are hedge funds and PE/VC. When there is no major technological change in the industry, everyone wants to move to the top of the pyramid to engage in high - level finance. Only when a major technological change occurs is it worth re - doing the lowest - level payment and settlement, which then becomes the most attractive area again. As it matures, this attractiveness will be transmitted layer by layer.

The last major change was the Internet. It gave Ant Financial the opportunity to re - do payment (Alipay), fixed - income wealth management (Yu'E Bao), and lending (Huabei/Jiebei) across different provinces within a country. This time, the change is blockchain technology, which brings the opportunity to re - do a similar "Ant Financial" process in different countries in Asia, Africa, and Latin America, from Web2.5 payment, Web2.5 fixed - income wealth management, Web2.5 lending, and wealth management.

Part02

Financial super - integrator

"Waves of Undercurrent": Most fintech companies in the market start with payments and only focus on payments. Is your ambition a bit too big?

Chen Peiling: Let me take the UK fintech company Revolut as an example. The latest valuation of this company is $75 billion, about ten times that of domestic payment giants. Why? Because Revolut is not just a bank account; it has evolved into a "financial super - app": it includes card payments, foreign exchange trading, stock/ETF investments, cryptocurrency purchases, and precious - metal investment services, with multiple sources of income. Its annual revenue in 2024 increased by about 72%, and its valuation this year has directly increased by 70%.

The essence of finance is "taking a cut from every deal" and "earning the interest rate spread." Payments are a channel business, while wealth management can bring higher stickiness and value. Both Ant Financial in Asia and Revolut in Europe have proven this with actual results. We saw this clearly from the very beginning of the company's establishment, which is why we applied for a full set of licenses. Since we have taken the lead, why not aim high?

"Waves of Undercurrent": It can be seen that in the past five years, you have arranged everything from license combinations, personnel allocation, infrastructure construction, and system R & D in the direction of Web2.5 payment and wealth management.

Chen Peiling: We have never hidden the fact that we are building a stablecoin - based "Ant Financial" in Asia, Africa, and Latin America.

In terms of payments, the StableX engine we built automatically selects the optimal path (whether to use the US - dollar channel or various stablecoin channels)