Augustus

Fintech · Banking Infrastructure · Stablecoins

Funding

Augustus lands $180M Series B at $1B valuation for global dollar bank

Correspondent banking has largely dodged fintech disruption, and this startup bets AI-native infrastructure can finally break that bottleneck.

• Augustus raised $180 million in a Series B round at a $1 billion valuation, led by Tiger Global with participation from Hummingbird, QED, and the founders of Nubank, Ramp, Circle, and Deel.
• Augustus is building a federally chartered 'clearing bank' that links traditional payment rails like Swift, ACH and SEPA with stablecoins, without issuing its own token.
• The raise follows Augustus' conditional approval in May for a U.S. national bank charter from the OCC, making it only the eighth bank to win such approval since 2010.
• Founded in 2022, Augustus has now raised $210 million in total funding, with the new round nearly doubling its prior capital base.
• Augustus plans to expand dollar clearing for fintechs and banks in Latin America, Southeast Asia, the Middle East and Africa, framing itself as a 'Western alternative' to China's digital yuan push.
• While most attention on crypto-era finance goes to stablecoin issuers, Augustus is targeting the less visible correspondent banking layer, arguing that's where cross-border payments actually break.