Atlas Consolidated

Atlas Consolidated Pte Ltd is a Singapore-based financial technology company founded in 2019 by David Fergusson, who serves as CEO, alongside Chief Product Officer Braham Djidjelli and Chief Technology Officer Surya Tamada. The company is focused on transforming the banking industry through a dual-pronged strategy that combines its proprietary technology with strategic investments in financial institutions.

The core of Atlas Consolidated's offering is HugoHub, a modular, cloud-native Banking-as-a-Service (BaaS) platform. This "bank-in-a-box" solution provides the full technology stack required to build and operate a digital bank, enabling financial institutions to modernize their infrastructure without costly and disruptive "rip and replace" projects. HugoHub is designed to reduce technology spending by up to 90% and operational expenses by 75-80%. Its architecture allows clients to mix and match services, from account administration and multi-currency wallets to card programs and investment capabilities. A key feature is a "no-code Product Factory" that lets clients configure and launch new financial products independently.

Atlas Consolidated operates on a B2B business model, providing its HugoHub platform to financial institutions globally. The company has expanded its reach by establishing a UK subsidiary to serve as its European headquarters. In August 2025, the company announced it had raised US$18.1 million in a Series B funding round led by Tin Men Capital, with participation from existing investors Getz, Inc. and Woodside Holdings Investment Management, to accelerate the global expansion of HugoHub.

To demonstrate its platform's capabilities, Atlas has launched its own consumer-facing brands. This includes Hugosave, a B2C "Wealthcare®" and savings app launched in Singapore in July 2021 that offers services like spending analytics, automated savings, and investments in precious metals and ETFs. The company also leads the HugoBank consortium in Pakistan, which received a digital banking license to promote financial inclusion in a market where over half the population is unbanked.

Keywords: Banking-as-a-Service, BaaS, digital banking platform, open banking, core banking technology, fintech infrastructure, financial inclusion, wealthcare, modular banking, cloud-native banking, fintech-for-banks, API banking, digital transformation, financial technology, wealth management app, digital wallet, payment processing, embedded finance, legacy system modernization