Augustus
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Investors
Founders
About
Augustus is building an AI-native, federally chartered clearing bank designed to give international fintechs and banks direct access to the US dollar — including stablecoin rails alongside traditional payment infrastructure 123. Founded in 2022 by Ferdinand Dabitz, Joshua Becker, Simon Wimmer, and Peter Lieck, the company positions itself as a “Global Dollar Bank” that already processes billions in volume for customers including Kraken, and targets fintechs and banks in Latin America, Southeast Asia, the Middle East, and Africa 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-21 | Series B | $180M | Tiger Global | Hummingbird, QED, Soma Capital, Road Capital Management, CMT Digital, Brevan Howard Digital, Variant; angel investors David Velez (Nubank), Karim Atiyeh (Ramp), Sean Neville (Circle), Alex Bouaziz (Deel), Victor Cardenas (Slash), Alan Chang (Revolut), Balaji Srinivasan, Farooq Malik (Rain), Gavin Uberti (Etched), Victor Riparbelli (Synthesia), Alexander Rinke (Celonis), Jamie Cox (Fluidstack), Jan Oberhauser (n8n) 123 |
The Series B was struck at a $1 billion post-money valuation and brings total funding to date to $210 million 123.
What Investors Say
Nigel Morris, Co-Founder of Capital One and Managing Partner at QED Investors: “Correspondent banking is the last remaining part of the bank stack that hasn’t been challenged yet by fintechs” 1.
What Founders Say
Ferdinand Dabitz, CEO and Co-Founder: “The Dollar is the greatest product in the world but its distribution is fundamentally broken” 12.
Dabitz, on the clearing bank layer: “We think distribution breaks at the clearing bank layer. Legacy clearing systems are slow, unavailable, take two days to settle and close on the weekends” 3.
Dabitz, on stablecoin adoption: “We think in 10 years from now all clearing banks will offer stablecoin rails like they offer Fedwire” 3.
Dabitz, on AI and programmable money: “If AI agents should interact with the bank in a meaningful way, they will need programmable money” 3.
Sources
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PR Newswire, “Augustus Announces $180M Series B at $1B Valuation to Give International Fintechs and Banks Access to the US Dollar,” July 21, 2026. Accessed July 22, 2026. https://www.prnewswire.com/news-releases/augustus-announces-180m-series-b-at-1b-valuation-to-give-international-fintechs-and-banks-access-to-the-us-dollar-302830300.html↩↩↩↩↩↩
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FinTech Global, “Augustus lands $180m Series B to dollarise the world,” July 21, 2026. Accessed July 22, 2026. https://fintech.global/2026/07/21/augustus-lands-180m-series-b-to-dollarise-the-world/↩↩↩↩↩
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CoinDesk, “Stablecoin bank Augustus raises $180 million to build a clearing bank for the AI era,” July 21, 2026. Accessed July 22, 2026. https://www.coindesk.com/business/2026/07/21/augustus-raises-usd180-million-to-build-a-clearing-bank-for-the-ai-and-stablecoin-era↩↩↩↩↩↩
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The Block, “Augustus raises $180 million Series B at $1 billion valuation to build the ‘Global Dollar Bank’,” July 21, 2026. Accessed July 30, 2026. https://www.theblock.co/post/409119/augustus-raises-180-million-series-b-global-dollar-bank↩