SINGAPORE, April 29, 2024 /PRNewswire/ — MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg) 

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

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Dripos, a pioneering player in the FinTech realm catering specifically to coffee shops, has achieved a significant financial milestone by closing an $11 million Series A funding round.

Base10 Partners, a renowned venture capital firm, took the lead in spearheading this investment round.

Dripos has established itself as a standout entity in the FinTech landscape, offering a robust software solution tailored to streamline the intricate operations of coffee shops. Its integrated platform facilitates a wide array of functions, including point-of-sale (POS) systems, mobile payment processing, and comprehensive workforce management.

The freshly secured funds are earmarked for further technological advancements and expansion efforts in the market. Dripos aims to solidify its position in the coffee shop industry by enhancing its current services and venturing into new markets. This strategic allocation of capital underscores Dripos’ unwavering dedication to innovation and its core mission of simplifying business operations for coffee shop owners nationwide.

Dripos has demonstrated remarkable growth and garnered strong market adoption. Over the past year alone, the number of coffee shop locations leveraging Dripos’ services has surged by an impressive 400%, with a presence now spanning 46 states and processing hundreds of millions in transactions. This expansion underscores the platform’s efficacy in meeting the unique needs of its clientele by offering a comprehensive suite of tools that cater to every aspect of coffee shop operations.

Jack Pawlik, Co-founder & Co-CEO of Dripos, emphasized the company’s transformative impact, stating, “Dripos is not merely a product but a revolution in how coffee shops operate. We’re replacing outdated multi-software systems with a single, efficient platform that enhances overall productivity and customer satisfaction.”

Dripos has previously attracted attention from prominent investors within the FinTech and coffee shop sectors, including Michael Siebel of Y Combinator and Shyam Rao, founder of Punchh.

Caroline Broder, Principal at Base10 Partners, highlighted the strategic alignment of investing in Dripos with their focus on automating the real economy. She emphasized that the platform not only reduces operational burdens for coffee shop owners but also enhances their capacity to provide exceptional service.

Source: fintech.global

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