Augustus Secures $180 Million in Series B Funding
Augustus, a New York City-based company specializing in providing dollar and euro accounts for global fintechs and banks, has successfully raised $180 million in its Series B funding round. The funding, which took place on July 21, 2026, was led by Tiger Global, with participation from a diverse group of investors including Hummingbird, QED, and notable individuals such as David Velez and Balaji Srinivasan.
Leadership and Vision
The company was co-founded by Ferdinand Dabitz, who serves as the CEO, alongside Joshua Becker, the COO, and Simon Wimmer, the CTO. Together, they have been instrumental in driving Augustus's mission to simplify currency account management for fintech and banking sectors globally. "This funding round is a testament to the trust our investors have in our vision," CEO Ferdinand Dabitz remarked.
Investor Participation
In addition to Tiger Global, the Series B round saw significant participation from a wide range of investors. These included venture capital firms such as Hummingbird and QED, as well as individual investors like Karim Atiyeh, Sean Neville, and Alex Bouaziz. Other participants were Victor Cardenas, Alan Chang, Farooq Malik, and Gavin Uberti. Augustus's investor roster also features Victor Riparbelli, Alexander Rinke, Jamie Cox, Jan Oberhauser, and organizations like Soma Capital, Road Capital Management, CMT Digital, Brevan Howard Digital, and Variant.
Strategic Use of Funds
While specific plans for the newly acquired funds were not detailed, it is expected that Augustus will use this capital to enhance its service offerings and expand its reach in the global market. The investment is likely to support technological advancements and possibly increase the company's workforce to meet growing demand.
Conclusion
With this significant investment, Augustus is well-positioned to further its goal of providing seamless currency management solutions to fintechs and banks around the world. The backing from a prominent investor like Tiger Global, alongside a broad array of other supporters, underscores the confidence in Augustus’s potential to innovate and lead within its sector.