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Augustus secures $180M in Series B funding, led by Tiger Global, to enhance access to dollar accounts for international fintechs and banks.

PRIVATEJul 21, 202619 days ago

Amount Raised

$180 Million

Round Type

Series B

New YorkFinancial ServicesArtificial IntelligenceFintechCryptocurrencyLendingBanking

Investors

DeelCircleRampNubankQedHummingbirdTiger Global

Description

Augustus announced a $180 million Series B funding round at a $1 billion valuation, led by Tiger Global. The company aims to provide financial institutions worldwide with direct access to dollar accounts and banking infrastructure. The funds will support its mission to dollarize the world, enhancing services for fintechs and banks in various regions. This round includes participation from notable investors such as Hummingbird, QED, and founders of Nubank, Ramp, Circle, and Deel.

Company Information

Company

Augustus

Location

New York, New York, United States

About

Augustus is building the first clearing bank for the AI era — an intelligent bank, built on programmable money and AI. Augustus is built to serve global financial institutions, and is already processing billions for market leaders like Kraken. Founded in 2022, Augustus aims to innovate compliance and banking infrastructure.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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