VENDOR · US
Augustus raises $180M Series B to give fintech and banks direct dollar-rail access
Augustus (formerly Ivy), a fintech that operates a federally chartered bank, raised $180 million in Series B to expand dollar account services and payment rail access for global financial institutions and fintechs. Targeting Latin America and other growth markets.
WHY IT MATTERS
Direct-to-ledger banking infrastructure for fintechs removes correspondent bank intermediation. Mid-size banks using Augustus for cross-border dollar settlement will face margin compression from disintermediation.
Source: PYMNTS · 2026-07-22