Atlas Consolidated CEO David Fergusson
Singapore-headquartered enterprise capital agency Tin Males Capital has spearheaded a big US$18.1M Sequence B funding spherical for Atlas Consolidated, a banking-as-a-service (BaaS) supplier.
Returning strategic buyers Getz, Inc. and Woodside Holdings Funding Administration additionally joined the spherical.
This strategic funding positions Atlas Consolidated to speed up the worldwide enlargement of its flagship platform, HugoHub, enabling monetary establishments worldwide to embrace digital transformation.
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The capital infusion will propel HugoHub’s attain into new world markets, fostering extra “inclusive, environment friendly, and sustainable” banking practices.
Atlas Consolidated, headquartered in Singapore, helps banks construct superior digital capabilities. Its core providing, HugoHub, is a modular, cloud-native BaaS resolution particularly engineered to supersede the expensive, inflexible, and fragmented legacy techniques that many monetary establishments at the moment rely on.
The platform empowers banks to:
Launch new merchandise with enhanced agility.
Combine important companies seamlessly.
Modernise their infrastructure with out the necessity for disruptive overhauls.
Based on the startup, these capabilities collectively drive quicker innovation and ship radically improved financial efficiencies for banks.
HugoHub is already being deployed by monetary establishments in each rising and developed markets, demonstrating measurable enhancements in operational effectivity and buyer expertise.
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Jeremy Tan, co-founder & Managing Associate at Tin Males Capital, articulated the strategic rationale behind the funding. “Banks are beneath immense strain to rework digitally while nonetheless counting on decades-old core techniques,” he acknowledged. “HugoHub offers them the agility to compete with neo and challenger banks and innovate with out sacrificing margins. Inbuilt Southeast Asia and designed for world scale, Atlas exemplifies the form of formidable innovation Tin Males Capital is happy to again in our area.”
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