Key Takeaways
- • Augustus, a New York-based B2B clearing bank, raised $180 million in Series B funding at a $1 billion valuation, achieving unicorn status with Tiger Global leading the round alongside Hummingbird Ventures and QED Investors.
- • The fintech company received conditional approval from the Office of the Comptroller of the Currency (OCC) in May 2026 for a US national bank charter and is targeting a Q3 2026 launch for Augustus Bank, with Greg Quarles—former OCC national bank examiner and assistant deputy controller—serving as president.
- • Augustus operates an API-based B2B clearing platform providing international banks and fintechs direct access to the US banking system, supporting multiple transaction rails including Swift, ACH, SEPA, and stablecoins through virtual accounts and FBO structures.
- • The company has developed proprietary technology including its own stablecoin and an AI-native core system called Marble, which will receive continued investment from the Series B capital.
- • Augustus plans to deploy capital toward expansion in Latin America, Southeast Asia, the Middle East, and Africa while advancing its regulated banking infrastructure ahead of charter activation.
Summary
Augustus, originally launched in 2022 under the brand name Ivy, has achieved unicorn valuation status following a $180 million Series B funding round announced on July 22, 2026. Tiger Global led the investment, with participation from venture firms Hummingbird Ventures and QED Investors, alongside existing backers Creandum and Valar Ventures—the latter two having supported the company through seed and Series A rounds valued at $7.7 million and $20 million respectively.
The New York-based fintech operates as a B2B clearing bank, providing international financial institutions and fintech companies direct access to the US banking system through an API-driven infrastructure. The platform facilitates both operating and FBO (Foreign Bank Organization) accounts with named virtual accounts, enabling transactions across multiple settlement rails: Swift, ACH, SEPA, and stablecoin rails. This multi-rail architecture addresses a critical infrastructure gap for non-US financial institutions seeking efficient correspondent banking solutions.
Augustus has built proprietary technology infrastructure including its own stablecoin and Marble, an AI-native core banking system designed to manage platform operations. The company received conditional approval from the Office of the Comptroller of the Currency (OCC) in May 2026 for a US national bank charter and is actively preparing to launch Augustus Bank in Q3 2026. Greg Quarles, Augustus's president, brings regulatory expertise as a former national bank examiner and assistant deputy controller at the OCC—a credential likely to facilitate the charter activation and ongoing regulatory compliance.
The Series B capital will accelerate the company's geographic expansion across emerging markets including Latin America, Southeast Asia, the Middle East, and Africa, while supporting continued development of the Marble platform. Augustus's mission to "dollarize the world" positions it within the broader trend of fintech-driven internationalization of US banking infrastructure, offering regulated alternatives to correspondent banking arrangements that have historically limited access for smaller and regional financial institutions.
The New York-based fintech operates as a B2B clearing bank, providing international financial institutions and fintech companies direct access to the US banking system through an API-driven infrastructure. The platform facilitates both operating and FBO (Foreign Bank Organization) accounts with named virtual accounts, enabling transactions across multiple settlement rails: Swift, ACH, SEPA, and stablecoin rails. This multi-rail architecture addresses a critical infrastructure gap for non-US financial institutions seeking efficient correspondent banking solutions.
Augustus has built proprietary technology infrastructure including its own stablecoin and Marble, an AI-native core banking system designed to manage platform operations. The company received conditional approval from the Office of the Comptroller of the Currency (OCC) in May 2026 for a US national bank charter and is actively preparing to launch Augustus Bank in Q3 2026. Greg Quarles, Augustus's president, brings regulatory expertise as a former national bank examiner and assistant deputy controller at the OCC—a credential likely to facilitate the charter activation and ongoing regulatory compliance.
The Series B capital will accelerate the company's geographic expansion across emerging markets including Latin America, Southeast Asia, the Middle East, and Africa, while supporting continued development of the Marble platform. Augustus's mission to "dollarize the world" positions it within the broader trend of fintech-driven internationalization of US banking infrastructure, offering regulated alternatives to correspondent banking arrangements that have historically limited access for smaller and regional financial institutions.
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