Leadership:
Ferdinand Dabitz, CEO
Headquarters:
New York, N.Y.
QED Investment:
2026
QED Champions:
Augustus is building the Global Dollar Bank—a modern clearing bank built to provide dollar access to international fintechs and banks. Augustus is already processing billions for market leaders like Kraken today. Augustus was founded in 2022 by Ferdinand Dabitz, Joshua Becker, Simon Wimmer and Peter Lieck, and has raised $210 million. Augustus is also backed by Tiger Global, Peter Thiel’s Valar Ventures, Creandum and the founders of companies like Ramp, Nubank, Deel and Circle.
Correspondent banking is the last remaining part of the bank stack that hasn’t been challenged yet by fintechs. Therefore, global fintechs and banks have been left either with slow, low-tech incumbent correspondent banks, or middleware providers. Augustus solves this by combining cutting-edge technology with a real bank charter, providing international financial institutions with a modern, direct dollar clearing platform.
Nigel Morris
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