New York, July 21, 2026 — Augustus, the company building the Global Dollar Bank, today announced a $180 million Series B at a $1 billion valuation. The round was led by Tiger Global, with participation from Hummingbird and QED, and existing investors Valar Ventures and Creandum, and the founders of Ramp, Nubank, and Circle.

The new capital will accelerate Augustus' mission to make the U.S. dollar directly accessible to fintechs and banks across the globe. Augustus will use the funding to scale its always-on correspondent banking platform and expand its dollar and euro accounts into Latin America, South East Asia, and Africa.

Augustus's API-first platform supports Demand Deposit Accounts (DDAs) and FBOs with named virtual accounts. Customers are able to transact with first and third parties via Swift, ACH, SEPA, and stablecoins. Augustus will continue to invest in its proprietary core banking platform Marble, which enables faster settlement times and 24/7/365 availability by deploying AI into the bank’s* backoffice.

The financing follows Augustus's conditional approval for a U.S. national bank charter from the Office of the Comptroller of the Currency (OCC) in May, making Augustus the eighth bank to receive conditional approval for a new national bank charter since 2010. The conditional approval established Augustus as one of the few technology companies authorized to build federally regulated banking infrastructure in the U.S. from the ground up, enabling the company to provide customers with direct access to Dollars through its own Fed Master account, rather than relying on layers of intermediary banks and fintechs.

"We started Augustus with a simple thesis: the dollar is the greatest product in the world, but its distribution is fundamentally broken," said Ferdinand Dabitz, CEO and Co-Founder of Augustus. "This financing lets us execute on our mission to provide high-quality dollar access to international fintechs and banks. It’s time to dollarize the world."

"After three decades in banking, I'll say it plainly: you don't get meaningful innovation by patching legacy infrastructure. You build something new from the foundation up," said Greg Quarles, President of Augustus. "That's what Augustus is, modern, proprietary technology fused with the full capabilities of a federally chartered bank into a single integrated platform. In my entire career, I have not seen anything like it."

In addition to the institutional investors participating in the Series B, Augustus received backing from many of the biggest fintech and AI founders, including: leading fintech founders Karim Atiyeh (Ramp), David Velez (Nu), Alex Bouaziz (Deel), Sean Neville (Circle), Victor Cardenas (Slash), Alan Chang (formerly CRO Revolut), Balaji Srinivasan (formerly CTO Coinbase), Farooq Malik (Rain), Gavin Uberti (Etched), Paul Faecks (Plasma), Sam Broner (The Better Money Company), Victor Riparbelli (Synthesia), Alexander Rinke (Celonis), Jamie Cox (Fluidstack), and Jan Oberhauser (n8n).

Augustus is led by a team of banking, payments, and regulatory veterans with decades of experience building, supervising, and operating financial institutions. Its leadership includes Greg Quarles, former bank CEO and senior regulator at the OCC; Benjamin Alexander, former Chief Compliance Officer at Column and executive at JPMorgan and HSBC; and senior leaders whose backgrounds span banking regulation, payments infrastructure, compliance, and global financial services.