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TCMA leads Thai cement industry to reaffirm climate action leadership towards Net Zero 2050 at 2025 TCMA Technical Conference and Exhibition

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BANGKOK, THAILAND – Media OutReach Newswire – 27 August 2025 – Thai Cement Manufacturers Association (TCMA) successfully hosted its flagship event, the “2025 TCMA Technical Conference and Exhibition” from 21-22 August 2025 at Hotel La Casetta by Toscana Valley, Khao Yai. The event brought together key figures from the Thai cement industry, global organizations, and leading innovators/ technology providers to exchange insights and strengthen collaboration to accelerate decarbonization in cement industry towards net zero 2050. The two-day conference, with theme ‘Decarbonization Technology: Advancing the Cement Industry towards Net Zero 2050’ underscored the industry’s commitment to ‘determined collaboration’ on the path towards Net Zero 2050, its experience can inspire the region and beyond.

TCMA leads Thai cement industry to reaffirm climate action leadership towards Net Zero 2050 at 2025 TCMA Technical Conference and Exhibition

The Power of Collaborative Action

Dr. Chana Poomee, Chairman of TCMA emphasized that the 2025 TCMA Technical Conference and Exhibition reflected the continuing effort of cement industry in decarbonization path, including marked a significant collaborative action among all stakeholders in the country and global partnerships towards Net Zero 2050 and a sustainable future with leaving no one behind.

The conference highlighted the latest technologies, innovations, products, and solutions to support the industry’s low-carbon transition, included: – 1) Alternative Fuel & Material Innovation 2) Digital & AI Strategic Transformation 3) Decarbonization & Green Technologies, and 4) Advancing Towards Net Zero 2050, as well as tangible global progress in Carbon Capture, Utilization, and Storage (CCUS).

The transition to Net Zero represents more than carbon reduction, but also significant opportunities for job creation, income generation, innovation, industrial development, and strengthened country competitiveness, with vital to success is cross-sector cooperation.

TCMA extended its gratitude to global partners who presented their perspectives, fostering collaboration across all levels, including representatives from 10 countries, innovators and technology developers across the world who showcased state-of-the-art carbon reduction technologies, innovations, products, and solutions.

Leading Global Organizations Join Forces

Mr. Zhao Jie, Chief of the Regional Bureau for Asia and the Pacific, United Nations Industrial Development Organization (UNIDO), delivered the opening keynote address, noting that “Achieving Net Zero is a formidable challenge. The key enablers can be highlighted: – clear, long-term policy signals and government commitment to provide a stable investment environment, technology collaboration to accelerate innovation, minimize costs and share knowledge, enabling market conditions to create sustained demand for low-carbon products, particularly through Green Public Procurement, and green financing mechanisms. UNIDO commends TCMA’s leadership in advancing the cement industry’s transition to Net Zero 2050 and stands ready to support its efforts.”

A panel discussion ‘From Integration to Implementation’ followed, with contributions from Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH by Mrs. Insa Illgen, Programme Director, Thai-German Cooperation Energy Mobility Climate, World Business Council for Sustainable Development (WBCSD) by Mr. Joe Phelan, Executive Director Asia Pacific & Member of the Extended Leadership Group, ASEAN Federation of Cement Manufacturers (AFCM) by Dr. Chana Poomee, AFCM President, and Asian Development Bank (ADB) by Mr. Christopher J. Best.

The representatives from GIZ, WBCSD, AFCM, and ADB agreed that TCMA’s leadership has been instrumental in driving the industry’s collective progress with continued support to all organizations in line with their respective mandates. With a clear framework in the Thailand 2050 Net Zero Cement and Concrete Roadmap and multilateral collaboration, domestically and internationally, Thailand is well-positioned to serve as a role model on industry decarbonization and inspire the regional and beyond.

Bridging the Knowing–Doing Gap, Advancing to Net Zero 2050

In closing, Dr. Chana Poomee, Chairman of TCMA stressed that enabling the transition to Net Zero 2050 strongly require not only knowledge but also the continuing of collaborative meaningful action at all levels, including the importance of timely investment in advanced technologies that will help reduce long-term costs, leveraging the potential of each sector for co-creation value, establishing efficient capital allocation mechanisms to drive the entire system e.g. the energy transition from fossil to renewable or low-carbon energy by utilizing agricultural waste and maximizing domestic resources to strengthen the industrial sector.

“The 2025 TCMA Technical Conference and Exhibition highlights the industry’s priorities: adopting advanced technologies, securing green financing, and leveraging collaborative action among all stakeholders in the country and global partnerships to meet shared goals. This will enable Thailand’s cement industry to achieve Thailand 2050 Net Zero Cement and Concrete Roadmap and inspire other industries in the regional and beyond on decarbonization.” Dr. Chana concluded.

Hashtag: #TCMA #สมาคมอุตสาหกรรมปูนซีเมนต์ไทย #ThaiCementClimateAction #TCMAtoNetZero2050

The issuer is solely responsible for the content of this announcement.

Together Diamonds Launches in Singapore as the First Keepsake Diamond Atelier for Life’s Milestones, Not Just Memorials

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SINGAPORE – Media OutReach Newswire – 27 August 2025 – Together Diamonds, Singapore’s first homegrown keepsake diamond atelier, has officially launched with a mission to transform life’s milestones into timeless treasures. A true market disruptor, the brand is the first in Singapore to create authentic, IGI-certified diamonds from the hair, fur, or ashes of loved ones and pets using advanced High-Pressure High-Temperature (HPHT) technology. This innovative service offers customers a deeply personal way to celebrate relationships and memories, from engagements and anniversaries to everyday gestures of love.

This intricate process allows customers to carry a part of their loved ones with them, encapsulated in a beautiful, enduring diamond. The brand’s commitment to quality ensures that each diamond meets exceptional standards, with color grades of DEF (colorless), clarity of VS (Very Slightly Included), and excellent cut.

What Sets Together Diamonds Apart:

  1. Most Affordable in the Industry: Offering the best prices without compromising on quality, making keepsake diamonds accessible to everyone.
  2. Fastest Lead Time: Custom diamonds delivered in just 3 months, compared to competitors who often take over a year.
  3. Full Transparency: The only company that videos the entire process of crafting each customer’s diamond.
  4. Guaranteed Quality: Every custom diamond is guaranteed to be at least DEF color, VS clarity, and excellent cut—standards unmatched in the industry.
  5. Added Value: Free IGI certification for diamonds 0.5 carats and above.

In conjunction with this innovative offering, Together Diamonds is excited to announce the opening of its first physical store at Excelsior Shopping Centre, located at 5 Coleman Street, Singapore 179805. This new retail space provides customers with the opportunity to explore the brand’s bespoke jewelry collections firsthand and consult with experts to craft their personalized keepsakes.

Building on founder Andrew Lim’s success with Apart.sg, a local keepsake jewelry brand, Together Diamonds takes a bold leap forward, turning hair, fur, and ashes into authentic diamonds. This unique offering not only honors cherished memories but also reinvents the emotional significance of diamonds.

“After working with so many customers at Apart.sg, I realized that one of the biggest regrets people have after loss is not celebrating life enough with their loved ones. Don’t wait till it’s too late. That’s why Together Diamonds is all about celebrating every milestone,” mused founder of Together Diamonds, Andrew Lim. “Lab-grown diamonds have become popular because they’re affordable, but in the process, they’ve lost their emotional meaning. Together Diamonds is here to change that.”

Unlike traditional keepsake jewelry that often centers around grief and farewells, Together Diamonds is redefining the narrative by positioning keepsake diamonds for celebratory events. Be it engagements, anniversaries, Mother’s Day, or simply as a gesture of love, Together Diamonds offers a meaningful way to celebrate every milestone, no matter how big or small.

Together Diamonds believes in the power of creativity when celebrating life’s most important milestones, beyond just memorialising end-of-life moments:

  • Family Bonds: Create a diamond using hair from every family member to symbolize unity and closeness.
  • Unbreakable Love: Combine hair from partners to craft a diamond that represents an enduring bond—perfect for engagements or anniversaries.
  • Memorial Tributes: Transform the hair, fur, or ashes of loved ones and pets into a lasting tribute, honoring their memory in a meaningful way.

The possibilities are endless. Imagine a mother wearing a diamond made from the hair of every family member, keeping her loved ones close no matter where they are. Or a couple celebrating their 30th anniversary with a diamond made from both their hair, symbolizing an unbreakable bond. The concept is designed to be as creative and personal as each customer’s journey.Hashtag: #TogetherDiamonds

The issuer is solely responsible for the content of this announcement.

About Together Diamonds

Together Diamonds is Singapore’s first keepsake diamond atelier dedicated to celebrating life’s milestones—not just memorials. Using advanced High-Pressure High-Temperature (HPHT) technology, the brand transforms hair, fur, and ashes from loved ones into authentic, IGI-certified diamonds of the highest quality (DEF color, VS clarity, excellent cut).

Founded by Andrew Lim, the entrepreneur behind keepsake jewelry brand Apart.sg, Together Diamonds is a true market disrupter that redefines the emotional meaning of lab-grown diamonds. More than a symbol of luxury, each diamond is a deeply personal treasure—whether honoring family bonds, celebrating anniversaries, or paying tribute to cherished memories.

With a flagship store at Excelsior Shopping Centre, Together Diamonds combines transparency, craftsmanship, and accessibility, offering customers affordable luxury with quick lead times and a fully documented process. The brand empowers individuals to carry their most meaningful connections with them, turning life’s most important moments into everlasting brilliance.

Address: 5 Coleman Street B1-16B Excelsior Shopping Centre, Singapore 179805
Operating Hours: By appointment only, via +65 8955 2713
Website:

XTransfer Hosts “2025 TradeVision Summit”

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Announces “Export Purchasing Manager Index” of China
B2B Export Outlook Remains Positive in July 2025

HONG KONG, Aug. 27, 2025 /PRNewswire/ — XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, successfully held “XTransfer TradeVision Summit 2025” in Guangzhou, an annual grand event of the Chinese foreign trade industry. Organised by XTransfer and supported on-site by multiple international financial institutions, including ICBC, Bank of China, Deutsche Bank, and OCBC Bank. More than 3,000 representatives from foreign trade enterprises, factories, and trading companies across the country gathered to discuss global trade trends and new opportunities in emerging markets.

XTransfer Founder & CEO, Bill Deng, speaks at “XTransfer TradeVision Summit 2025”.
XTransfer Founder & CEO, Bill Deng, speaks at “XTransfer TradeVision Summit 2025”.

During the event, XTransfer Founder & CEO Bill Deng stated, “Trade disputes between China and the US have evolved into global trade disputes, yet China’s SMEs in foreign trade have shown great resilience and innovation, actively exploring non-European and non-U.S. markets. Emerging markets, such as those in Africa, have become new blue oceans for exports, offering vast business opportunities due to demographic dividends and infrastructure needs. XTransfer is also actively expanding in emerging markets, providing fast, secure, and affordable cross-border payment services to both Chinese and local foreign trade enterprises. XTransfer now serves over 700,000 clients worldwide and is leading a mobile payment revolution in cross-border B2B trade. In the next five years, we aim for tenfold growth, at which point the mobile payment revolution will be largely complete.”

XTransfer Releases July 2025 “Small and Medium Enterprises (B2B) Merchandise Export PMI Index” of China

At the summit, XTransfer released the July 2025 “Small and Medium Enterprises (B2B) Merchandise Export Purchasing Manager Index” of China (referred to as the XTransfer PMI), the first index initiated by the private sector to focus on export trends in China’s foreign trade industry. Data shows that the XTransfer PMI for July 2025 recorded 52.4%, above the 50% threshold, reflecting continued positive export momentum and strong resilience among SMEs. The survey found that African countries posted the highest export PMI, making them the new blue ocean for SME overseas market expansion, with “New Three” export categories showing outstanding performance.

The XTransfer PMI is derived from a sample survey of over 2,500 foreign trade SMEs drawn from a pool of more than 700,000 on the XTransfer platform. This survey encompasses 28 major export provinces and 148 cities across China, providing an authoritative reference for the industry. The index analyses various aspects of the export process, including procurement, sales, logistics, personnel, and capital. It aims to assist SMEs in forecasting trends and optimising their business strategies.

SMEs Showcase Resilience Amid Positive Export Environment

Looking at the sub-indices of the XTransfer PMI, the three key indicators reflecting overall SME export performance, namely the Export Orders Index, Export Price Index, and Capital Turnover Index, all remain well above the 50% threshold. This indicates a strong and stable export environment for SMEs.


African Countries Record Highest Export PMI; Emerging Markets in Asia, Africa, and Latin America Show Strong Performance

Among different export destination countries/regions, the Export PMI for African countries reached the highest (53.7%). Especially in the Export Orders Index, African countries far outperformed other areas, with Ghana and Nigeria standing out. As demand from the U.S. market declines, Africa, with its demographic advantages, significant infrastructure needs, and evolving consumer markets, has emerged as a promising opportunity for SMEs seeking to expand overseas. In addition, the Export Orders and Price Index for SMEs in ASEAN, Africa, and Latin America demonstrated a strong performance, reflecting the continued efforts of SMEs to develop in emerging markets.


XTransfer helps foreign trade companies efficiently expand into emerging markets in Asia, Africa, and Latin America by providing localised cross-border payment solutions. Working with local banks and financial institutions in Nigeria, Ghana, Brazil, South Africa, and other countries, XTransfer has launched Local Currency Accounts, supporting settlements in over 30 currencies, including the Nigerian Naira, Ghanaian Cedi, Brazilian Real, and South African Rand. This enables buyers to pay directly via local payment systems, reducing intermediaries and FX losses.

The “New Three” Categories Lead Export Growth

The export product structure is further optimised, with mechanical and electrical products, base metals, and textiles remaining the backbone. The “New Three” products, represented by lithium batteries, new energy vehicles, and solar cells, have performed exceptionally well, with the Export Price Index significantly higher than the overall market. Lithium batteries and new energy vehicles have seen both volume and price increases, and export destinations are becoming increasingly diversified.

Southeast Asia has become a major export destination for the “New Three” products, with significant growth in exports of electric vehicles and batteries to Vietnam, Thailand, Malaysia, and other ASEAN countries. European policies promoting reduced carbon emissions and renewable energy have also driven demand for related products. Meanwhile, infrastructure demand in Latin America and Africa presents significant market potential for these categories.

Customer interviews reveal that SMEs remain highly resilient amid global uncertainty and increasing competition, responding to challenges through product innovation, service upgrades, and diversified market layouts, and actively expanding into emerging markets beyond traditional markets in Europe and the US.

About XTransfer

XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The company has a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information, please visit: https://www.xtransfer.com/

NETMARBLE ANNOUNCES WORLDWIDE LAUNCH FOR THE BRUTAL DARK FANTASY MMORPG RAVEN2

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Pre-registration is Now Open on Google Play and App Store, and Fans can Wishlist on Epic Games Store

SEOUL, South Korea, Aug. 27, 2025 /PRNewswire/ — Netmarble, a renowned developer and publisher of high-quality games, has officially announced that its upcoming dark fantasy MMORPG, Raven2, is set to expand its reach to the global market. The global pre-registration for Raven2 has officially opened on Google Play and the App Store. Players can also wishlist Raven2 on the Epic Games Store ahead of its launch.

Raven2 is a finely crafted MMORPG that has already received critical acclaim in select regions of Asia, including South Korea, Japan, Taiwan region, Hong Kong SAR, and Macao SAR. Building on this regional success, the game is now preparing for a global launch across North America, Europe, Southeast Asia, and beyond. 

Powered by Unreal Engine, Raven2 showcases unrivaled graphics, and a vast universe set in a dark fantasy realm where players become a member of the Special Corps bearing the “Cursed Stigma.” As they investigate strange and perilous phenomena unfolding across the world, they embark on a journey to vanquish demons and uncover the secrets behind the world’s fate. Raven2‘s large-scale guild-based battles are all hallmarks of a truly immersive, high-quality MMORPG experience. The game will be available on both mobile and PC platforms, supporting cross-platform play.

Players can pre-register now on Google Play and the App Store, and they can also wishlist it on Epic Games Store. All pre-registrants will receive exclusive rewards, including a heroic grade Holy Garment and a special pre-registration package upon the game’s official launch. The heroic grade Holy Garment significantly enhances a character’s combat power, and it’s the first time that Raven2 offers it as a pre-registration reward. Players can visit the official website and Facebook page to find out more information about Raven2‘s pre-registration. 

To commemorate the start of global pre-registration, a special cinematic trailer has been released via Raven2‘s official YouTube and Facebook channels. Visit the official website and follow Raven2 on social media to find out additional content that introduces the game’s universe, classes, core features, and more.

About Netmarble Corporation

Founded in Korea in 2000, Netmarble Corporation is a leading global game developer and publisher. Through acclaimed franchises and strategic partnerships with top-tier IP holders, the company delivers innovative and engaging gaming experiences to audiences worldwide. As a parent company of Kabam, SpinX Games, Jam City, and a major shareholder of HYBE and NCSOFT, Netmarble’s diverse portfolio includes Solo Leveling:ARISE, Seven Knights Idle Adventure, Tower of God: New World, Lineage 2: Revolution, MARVEL Future Fight, Ni no Kuni: Cross Worlds and The Seven Deadly Sins: Grand Cross. More information can be found at http://company.netmarble.com.

Sinopec Group Selects Clarivate for Impactful Research and Innovation

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New Partnership Delivers Web of Science and incoPat Solutions to China’s Leading Energy Company

LONDON, Aug. 27, 2025 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading provider of transformative intelligence, has signed agreements to provide China Petrochemical Corporation (Sinopec Group) with its leading academic research and intellectual property (IP) solutions. This collaboration will empower the research and development goals of Mainland China’s largest oil and petrochemical products supplier, ultimately delivering impactful research and innovation.

By bringing together leading solutions from both academic research and the IP sector, Clarivate will equip Sinopec Group with enriched data, trusted insights and expert services. This partnership will help Sinopec Group improve the creation, protection, and commercialization of innovation, supporting its vision of advancing new technologies in low-carbon energy and environment-friendly materials.

Clarivate will provide Sinopec Group with the Web of Science platform, which is home to the world’s first and most trusted publisher-neutral citation index – Web of Science Core Collection – as well as additional data insights. Web of Science streamlines the discovery of content from the world’s leading journals alongside conference papers, books, dissertations and theses, datasets, patents, preprints, awarded grants, policy documents and more.

Beijing incoPat Technology Co., Ltd., the business partner of Clarivate in Mainland China, will provide the incoPat global patent data. The incoPat patent database has more than 200 million records, covering patents from 172 countries, regions, and organizations.

Matti Shem Tov, Chief Executive Officer, Clarivate, said: “We are very pleased to sign this landmark contract with Sinopec Group to enhance its efforts in driving innovation. This is another great example of how we fuel innovation with our transformative intelligence, from research and learning to commercialization. We will work closely with Sinopec Group to support its corporate vision to be a world-leading energy and chemical company.”

The collaboration between Clarivate and Sinopec Group dates back several years. Sinopec Group, as well as its subsidiaries, has been using other solutions from Clarivate, including InCites Benchmarking & Analytics, Derwent Innovation, and Darts-ip.

About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com

Media contact:
Jack Wan, External Communications Director
newsroom@clarivate.com

 

Annum Capital Publishes Stablecoin Report for Family Offices

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Written exclusively for family offices and wealth managers
Historical perspectives and practical guidance

HONG KONG, Aug. 27, 2025 /PRNewswire/ — Annum Capital, a leading financial services group in Hong Kong, today released “Flying Cash: Rise of Stablecoins” – a report that discusses historical precedents and ongoing evolution of stablecoins and provides insights for family offices and wealth managers at a time when technological maturity, regulatory clarity, and rising institutional demand are converging to drive the rise of stablecoins.

This report is co-authored by Annum Capital, Deane Consulting and Anndy Lian, and supported by global firms including Schroders Capital, FTSE Russell, FactSet, Aberdeen, Marex, Synpulse as well as Hong Kong’s local institutions such as Family Office Association of Hong Kong (FOAHK), China Family Office Research Institute, uSmart, Easyview, and Turoid.

  • This report examines the evolution of asset-backed, privately-issued instruments of value transfer, drawing parallels from financial innovations in ancient China (e.g. “flying cash” in Tang dynasty) to more recent incarnations including stablecoins.
  • The report narrates the birth of USDT and USDC, and recounts how stablecoins have gone mainstream when the stars were finally aligned. The report reviews global regulatory stance towards stablecoins, from initial ambivalence to gradual encouragement to potential jurisdictional competition on the horizons.
  • The economic implications of stablecoins are explored, including digital dollarization in emerging markets, new dynamics in the US deficit calculus, challenges to policy independence, and how the reduced friction in payment can impact the velocity of money and market volatilities.
  • The report also surveys the broader digital assets ecosystem – issuers, exchanges, infrastructure providers, custodians, corporate adopters, and early movers in Hong Kong.

This report is the first publication of the Annum Capital Digital Finance Whitepaper Series, a multi-year collaboration project between Annum Capital and its partners in traditional and digital finance.

Click to download the report: https://www.annum.com.hk/wp-content/uploads/2025/08/Annum-Capital_Stablecoin-Report_August-2025.pdf

About Annum Capital

Annum Capital is a Hong Kong-based financial services group with market leadership in external asset management (EAM), fund management, index investing, private markets, and strategic advisory.

About Deane Consulting

Founded by Andrew Deane, a well-known publisher and specialist adviser in the wealth management sector, Deane Consulting works with companies in the wealth eco-system across Asia, Middle East and Europe on strategic topics.

About Anndy Lian

Anndy Lian is an all-rounded business strategist in Asia. He has provided advisory across a variety of industries for local, international, and public-listed companies and governments. He is an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member, and keynote speaker.

Disclaimer:

This report – “Flying Cash: Rise of Stablecoins” – is intended solely for informational purposes for family offices and wealth managers. It has not been reviewed or approved by any regulatory authority in Hong Kong or elsewhere.

Any reference to specific cryptocurrencies, tokens, digital assets, financial instruments, insurance or investment products, platforms, or companies is provided solely for illustrative or informational purposes. Such references do not constitute, and should not be interpreted as, an offer, solicitation, endorsement, or recommendation to transact in any of the products or entities mentioned, nor do they represent the formation of any legal or advisory relationship.

This report does not constitute investment advice or advertisement or invitation to acquire, dispose of or trade any assets or products referred to in this report. Nothing in this report should be relied upon as a basis for making any investment decision. This report does not constitute and should not be regarded as financial, investment, legal, or tax advice.

This report is intended for readers in Hong Kong and is to be distributed only in jurisdictions where local laws and regulations allow its distribution.

This report is based on resources as of July 2025 that the authors reasonably believe to be reliable. The authors do not give any warranty on the accuracy of the information contained in this report and accept no liability of any kind for any damage or loss of any nature arising from or in connection with this report.

© 2025 Annum Capital. All rights reserved. This press release and the report referenced herein are protected by copyright and other intellectual property laws. No part of this material may be reproduced, distributed, transmitted, displayed, published, or broadcast in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of Annum Capital.

Atlas Consolidated Secures USD 18.1 Million Series B Funding led by Tin Men Capital to Accelerate Global Adoption of HugoHub

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The Asia-based Banking-as-a-Service provider aims to significantly accelerate the growth of HugoHub, Atlas’s modular cloud-native digital banking platform


SINGAPORE – Media OutReach Newswire – 27 August 2025 – Atlas Consolidated announced the closure of an USD18.1 million Series B funding round. The round was led by Tin Men Capital and includes follow-on investment from strategic investors, Getz, Inc. and Woodside Holdings Investment Management.

David Fergusson, Chief Executive Officer, Atlas Consolidated
David Fergusson, Chief Executive Officer, Atlas Consolidated

David Fergusson, Chief Executive Officer, Atlas Consolidated, said “This investment marks a pivotal step in our mission to build better banks through technology. With Tin Men Capital’s support, we can accelerate HugoHub’s expansion to new markets, helping traditional financial institutions create more efficient, inclusive and sustainable systems.”

“Banks are under immense pressure to transform digitally while still relying on decades-old core systems that are costly, rigid, and fragmented. HugoHub’s full-stack ‘bank-in-a-box’ solution gives banks the flexibility to launch new products, integrate services where they matter most, and refine features without disrupting the wider system. In turn, they can innovate faster, compete with neo and challenger banks, and operate with radically better economics. Tin Men Capital is proud to support Atlas Consolidated as they scale this next-generation approach, helping more forward-leaning banks in their digitalisation journey. Built in Southeast Asia and designed to be deployed globally, Atlas’ solution exemplifies the kind of ambitious innovation we are excited to back in our region,” said Jeremy Tan, Co-Founder and Managing Partner of Tin Men Capital.

Building Banks That Work for Everyone
Across the world, millions remain unbanked, lacking access to appropriate, sophisticated financial services like bank accounts, pensions and credit facilities. This highlights a massive untapped financial services market. Expanding access to this group represents a compelling commercial opportunity and a vital step toward inclusive economic development in Asia Pacific.

The banking industry is undergoing a profound transformation. Digital banking technology spend was USD650 billion in 2023 (1), yet a vast majority of existing banks are still reliant on outdated, legacy systems that are ill-equipped for the demands of modern digital finance. These legacy architectures are increasingly untenable in a world demanding agility and digital-first customer experience.

HugoHub was designed to address this gap. As a complete core-to-customer Banking-as-a-Service (BaaS) platform, it cuts technology spending by up to 90%, reduces overall operating expenses by 75 to 80% and enables significantly higher customer-to-staff ratios than traditional banking models. Its modular step-by-step deployment approach avoids disruptive “rip and replace” overhauls while making financial inclusion sustainable by lowering the cost of delivering modern banking to underserved markets. By decoupling digital banking infrastructure from high overhead and complexity, HugoHub empowers institutions to extend services swiftly and cost effectively across Southeast Asia and beyond.

“The future of banking is in agile, cloud-based solutions,” said Surya Tamada, Chief Technology Officer, Atlas Consolidated and Chief Architect, HugoHub. “Our platform drives innovation and efficiency, opening up access to financial services and improving outcomes for consumers globally. This new investment will sharply increase our ability to meet the growing demand and deliver our solutions to more markets around the world.”

Braham Djidjelli, Chief Product Officer of Atlas Consolidated, added “Demand for HugoHub’s modular core-to-customer solution has exceeded expectations. Tin Men’s support allows us to scale faster, empowering more institutions to deploy digital banks or enhance existing infrastructure at a fraction of the time and cost.”

Born in Singapore, HugoHub is successfully being deployed in both emerging and developed markets. The company’s platform empowers financial institutions to move beyond their legacy infrastructure, offering a more responsive, secure, and user-friendly experience for their customers.

Source (1) Unlocking Value from Technology in Banking, McKinsey & Company, 2024
Hashtag: #AtlasConsolidated #TinMenCapital #BankingasaService #HugoHub #Banking-as-a-Service(BaaS) #DigitalBanking #Fintech #Cloud-NativeBanking #FinancialTechnology #BankingInfrastructure #ModularBankingPlatform #AIinBanking #SeriesBFunding #VentureCapital #StartupFunding #GrowthCapital #FinancialInclusion #EmergingMarkets


The issuer is solely responsible for the content of this announcement.

About Atlas Consolidated

Atlas Consolidated Pte Ltd is a Singapore-based financial services company with a dual-pronged strategy centered on its proprietary technology and strategic investments. Our core mission is to build better banks through technology, lowering costs, increasing efficiencies, and broadening access to everybody.

The cornerstone of Atlas’s business is HugoHub, a highly flexible and modular business-to-business (B2B) digital banking platform. Designed as a complete “core-to-customer” banking-as-a-service (BaaS) solution,

HugoHub allows clients to build and manage full digital banks or seamlessly integrate specific modules into their existing systems. A key differentiator is its “no-code Product Factory,” which enables clients to configure and launch new financial products autonomously. The platform also boasts a cloud-agnostic architecture, addressing data sovereignty concerns, and incorporates a unique “Behaviour Engine” and an AI interface to drive customer engagement and provide personalized insights.

HugoHub dramatically reduces the cost and complexity of deploying a new digital bank, cutting ongoing operating expenses by orders of magnitude. The platform’s streamlined technology and operational model can reduce a bank’s annual tech spending by approximately 90% and lower overall operational costs by 75% to 80%. This efficiency is realized by enabling a significantly higher customer-to-staff ratio compared to traditional banking models.

For existing financial institutions, HugoHub offers a strategic alternative to costly and high-risk core replacement projects. Instead, its modular design allows banks to implement gradual technological and operational reforms, modernizing their infrastructure without the disruptive and expensive process of a full-scale system overhaul.

In addition to its technology platform, Atlas Consolidated strategically invests in financial institutions. This includes Hugosave, a “Wealthcare” app in Singapore that serves as a demonstration of HugoHub’s capabilities, and its leading role in the HugoBank consortium in Pakistan, which recently received a digital banking license to promote financial inclusion in the region.

The company is supported by its recent Series B funding round, led by Tin Men Capital, with participation from strategic partners like Getz, Inc. and Woodside Holdings Investment Management. This capital will be used to accelerate the global growth of the HugoHub platform into new markets.




Tin Men Capital

Tin Men Capital is a Southeast Asia venture capital firm licensed by the Monetary Authority of Singapore. It is led by Murli Ravi (formerly at Temasek Holdings and JAFCO) and Jeremy Tan (formerly at Morgan Stanley and Puma Energy).

Tin Men invests in enterprise technology and B2B marketplace startups. Their portfolio companies address opportunities in large, traditional industries. Some examples include manufacturing, logistics, construction, maritime, agriculture and real estate. Portfolio companies include Globaltix, Hubble, Ailytics and Glife.

For more information, visit .

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