Singapore-licensed hybrid fiat–stablecoin cross-border payment service provider MetaComp has announced that it has completed a Pre-A round of financing, raking in tens of millions of U.S. dollars. The round was backed by several top-tier U.S. dollar investment institutions, including Eastern Bell Capital, Noah Wealth, Sky9 Capital, Freshwave Fund, and BeingBoom Capital, with 100Summit Partners serving as the exclusive financial advisor.

The funds will be used to further advance core technology iterations, expand in global markets, and build its StableX payment network, which integrates both fiat currency and stablecoins.