“Can a new US national bank chartered from scratch replace slow correspondent banking with programmable, always-on dollar clearing for global fintechs and AI-era money movement?”
Started as Ivy, a European Open Banking checkout / instant bank transfer provider (the 2023-01-01 API still supports these products). Rebranded to Augustus in 2026 and pivoted upmarket into US clearing infrastructure — applied for and received OCC conditional approval for a US national bank charter (Augustus Bank, N.A.), positioning as a full-stack, always-on, programmable clearing bank for global fintechs, digital asset companies, and international banks. The thesis: replace slow correspondent banking with a stablecoin- and AI-native core running on Augustus's own Fed Master Account.
Augustus discloses Augustus Bank, N.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Augustus has applied for a national bank charter for Augustus National Bank, National Association with the OCC. Status: conditional approval (2026-05-08). Until then its banking services run through Augustus Bank, N.A. (in-house).
Augustus processes payments through Augustus Open Banking (self-operated) and Augustus Manual Bank Transfer (self-operated).
Augustus's lending and capital products are provided by Augustus Loans (in-house).
Augustus connects to bank accounts through Augustus Open Banking (self-operated).
Augustus uses Augustus (self-operated) for FX and cross-border payouts.
Augustus's crypto products run on Augustus (self-operated).
The Embedded Finance Index 2026 maps 7 layers in Augustus's stack: Payments / PSP (Augustus Open Banking (self-operated) and Augustus Manual Bank Transfer (self-operated)); Banking / BaaS (Augustus Bank, N.A. (in-house)); Lending (Augustus Loans (in-house)); Open banking (Augustus Open Banking (self-operated)); FX & payouts (Augustus (self-operated)); Crypto (Augustus (self-operated)); Treasury (Augustus Treasury (self-operated)).
Augustus is headquartered in New York, NY.
Augustus has raised $180M+ (Series B) in total (latest round: Series B, July 2026; valuation: $1B (2026)).
Get a read on where your own stack stands against Augustus and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.