• Augustus raised $180 million at a $1 billion valuation, led by Tiger Global, taking total funding to $210 million since its 2022 founding.
• The company sells dollar-account access — Swift, ACH, SEPA and stablecoin rails — to banks and fintechs in Latin America, Southeast Asia, the Middle East and Africa via its Marble platform.
• Augustus says it already processes billions in dollar volume for crypto exchange Kraken, though it has not disclosed an exact figure.
• The company holds a conditional, not final, US national bank charter from the OCC, granted May 2026 — the operative fact for any counterparty relying on its balance sheet.
• The investor bench includes operator-backers from Nubank, Ramp, Circle and Deel, signaling growth-stage capital is now targeting dollar-access infrastructure, not just crypto rails.

Augustus closed a $180 million Series B led by Tiger Global on July 21, 2026, valuing the four-year-old dollar-clearing bank at $1 billion, the company said. The raise, which brings total funding to $210 million, backs a business that already routes billions in dollar volume for crypto exchange Kraken and is still waiting on US regulators to convert a conditional national bank charter into a final one — the fact that matters most to anyone relying on its balance sheet.

The Round

Augustus closed a $180 million Series B led by Tiger Global on July 21, 2026, valuing the clearing bank at $1 billion, according to the company's funding announcement. Hummingbird, QED, Soma Capital, Road Capital Management, CMT Digital, Brevan Howard Digital and Variant joined the round, alongside individual backers who founded Nubank, Ramp, Circle and Deel. The raise brings Augustus's total funding to $210 million since its 2022 founding by Ferdinand Dabitz, Joshua Becker, Simon Wimmer and Peter Lieck, the company said.

What Augustus Sells

Augustus is a clearing bank, not a consumer fintech app: it gives banks and non-US fintechs direct access to US dollar accounts, Swift, ACH, SEPA and stablecoin rails through its proprietary Marble core-banking platform, per the company's announcement. The New York-based firm says it already serves crypto exchange Kraken, processing billions of dollars in volume, though it has not disclosed an exact figure. Its target customers are financial institutions in Latin America, Southeast Asia, the Middle East and Africa seeking dollar access without a correspondent relationship at a US bank.

The OCC Charter Is the Real Asset

Augustus received conditional approval for a US national bank charter from the Office of the Comptroller of the Currency in May 2026, the company said — by its own count, the eighth institution to win conditional de novo approval since 2010, a tally not independently verified against a public OCC list. A full charter would let Augustus hold deposits and clear dollars directly rather than through a partner bank, cutting a layer of counterparty risk for the institutions it serves. The charter remains conditional, not final, which caps how much balance-sheet capacity Augustus can currently promise clients.

Why Crypto Platforms Are Watching

Kraken's use of Augustus as a dollar-clearing partner underscores that crypto platforms depend on fiat rails as much as blockchain rails — clearing-bank infrastructure, not token price, is the relevant story here. Augustus describes itself as built for what it calls the AI and stablecoin era, per its announcement, running stablecoin settlement on the same platform as Swift and ACH transfers. This is an infrastructure disclosure, not an endorsement of any digital asset; Augustus has not disclosed which stablecoins it clears or in what volume.

What This Means for the Segment

The investor bench — Tiger Global plus operator-backers from Nubank, Ramp, Circle and Deel — signals that dollar-access infrastructure for emerging-market fintechs is now drawing growth-stage capital, not just seed money. For banks and fintechs evaluating dollar-rail providers, the practical takeaway is narrower than the headline valuation: Augustus is one more option, contingent on whether its OCC charter converts from conditional to final. Diligence should center on charter status and disclosed volume, not funding size, until the OCC confirms final approval.