Augustus Raises $180 Million at $1 Billion Valuation to Fund Fintech Clearing Bank
Clearing bank startup Augustus raised $180 million in a funding round that values the company at $1 billion.
The venture will channel the capital into a payment infrastructure that provides international fintech firms with direct access to U.S. dollar accounts and stablecoins.
From the sources (3 posts)
@techmemeAugustus, which is building a federally chartered "AI-native" clearing bank designed around stablecoins, raised $180M led by Tiger Global at a $1B valuation (@sndr_krisztian / CoinDesk) (Visit Techmeme dot com for the link and full context
@katie_roofRT @business: Augustus, a clearing-bank startup backed by Peter Thiel’s Valar Ventures, reached a $1 billion valuation in a new funding rou…
@coinmarketcapLATEST: 💰 Augustus raised $180M at a $1B valuation to give international fintechs direct access to USD accounts, payment rails, and stablecoins.