Singapore-based MetaComp raises $35 million in funding backed by Alibaba

Singapore-based digital finance infrastructure provider MetaComp has raised a total of $35 million across two Pre-A funding rounds completed across three months.

The company announced Friday that the latest financing round was backed by Alibaba, Spark Venture, and existing shareholders, with 100Summit Partners serving as financial adviser. 

MetaComp operates a so-called "Web2.5" platform that bridges traditional fiat payment rails with stablecoin settlement infrastructure. In 2025, it processed over $10 billion in payments and over-the-counter volume across more than 13 stablecoins, according to its statement.

The company plans to use the proceeds from the latest funding to expand its StableX Network, which facilitates real-time cross-border settlements using both stablecoins and traditional currencies. It intends to focus on high-growth regional hubs across Asia, the Middle East, Africa, and Latin America.

MetaComp also intends to invest in AI capabilities to support an "agentic Web2.5" architecture that powers automated payment and wealth management services.

"Traditional payment systems remain constrained by multi-day settlement cycles, high costs, and limited currency coverage, and that gap is exactly what we were founded to solve," Tin Pei Ling, co-president of MetaComp, said in the statement.

The company said it achieved full-year net profitability in 2025. Combined with operating cash flow and other capital sources, MetaComp said the latest funding brings its available liquidity to more than $100 million.