Augustus Secures $180 Million Investment... 'Now the World Will Be Dollarized'

Tiger Global led Augustus' $180 million Series B round, with other investors including Hummingbird, QED, and founders from Nubank, Lamp, Circle, and Dail. The company's valuation reached $1 billion, with plans to expand its services to fintech banks in Latin America, Southeast Asia, the Middle East, and Africa. Augustus is building a federally licensed bank, 'Global Dollar Bank,' to provide overseas fintech banks with direct access to dollar accounts and payment networks. The service supports traditional networks like SWIFT, ACH, and SEPA, along with stablecoins. Augustus' core banking platform 'Marble' offers 24/7 settlement and AI-driven features, enabling instant virtual account opening and transaction processing via a single API. CEO Ferdinand Dabitz stated, 'We started Augustus to address the fundamental breakdown in dollar distribution, and this funding enables our mission to provide quality dollar access to global fintech banks. Now the world will be dollarized.'