# Augustus

**Source:** https://www.startuphub.ai/startups/augustus
**Profile type:** Startup

> Augustus is building the Global Dollar Bank, a modern clearing bank providing international financial institutions with direct, 24/7 access to US Dollar accounts and payment rails through a federally chartered bank.

## About

Augustus, formerly known as Ivy, is a financial technology company that offers direct access to dollar accounts and payment rails for financial institutions globally. They operate through a federally chartered bank, aiming to modernize dollar distribution for FinTechs and banks, particularly in emerging markets. Their API-first platform supports operating and FBO accounts with named virtual accounts, enabling transactions via Swift, ACH, SEPA, and stablecoins.

## Key facts

- **Slug:** augustus
- **Website:** https://augustus.com
- **Location:** New York, United States
- **Founded:** 2022-01-01
- **Employees:** 69
- **Operating status:** Active
- **Total funding:** $200M
- **Sectors / tags:** Fintech, Banking, Payments, Blockchain, Digital Assets, Digital Payments, Embedded Finance, Neobank, API Platform, Stablecoin, Cross-border Payments, Core Banking, AI-Driven Compliance, Financial Infrastructure, Clearing Bank
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/augustusbank
  - Twitter: https://x.com/augustus_bank

## Frequently asked

### What does Augustus do?

Augustus, formerly known as Ivy, is a financial technology company that offers direct access to dollar accounts and payment rails for financial institutions globally. They operate through a federally chartered bank, aiming to modernize dollar distribution for FinTechs and banks, particularly in emerging markets. Their API-first platform supports operating and FBO accounts with named virtual accounts, enabling transactions via Swift, ACH, SEPA, and stablecoins. (formerly ["Ivy"].)

### How much funding has Augustus raised?

Augustus has raised a total of $200M in funding. The most recent round on record is Series B.

### Where is Augustus headquartered?

Augustus is headquartered in New York, United States.

### When was Augustus founded?

Augustus was founded in 2022.

### What industry does Augustus operate in?

Augustus operates in Fintech, Banking, Payments, Blockchain, Digital Assets, Digital Payments.

### How many employees does Augustus have?

Augustus has approximately 69 people on record.

### What is Augustus's revenue?

StartupHub estimates Augustus's annual revenue at $26.7M (range $17.9M to $34.7M, 63% confidence), based on comparable companies in the sector.

### What is Augustus's valuation?

StartupHub estimates Augustus's effective valuation at $816.6M (range $571.6M to $1.1B, 34% confidence), based on comparable companies in the sector.

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