“Can a VC infrastructure platform become the financial operating system for global SPV and fund formation by embedding multi-currency banking and payment rails directly into the fund administration workflow?”
Vauban is a VC infrastructure platform (acquired by Carta) that enables fund managers and syndicates to create Special Purpose Vehicles (SPVs) and funds rapidly. The company partnered with Currencycloud to add global multi-currency capabilities, allowing SPVs to set up bank accounts instantly and run capital call payment processing — shifting from a purely administrative platform toward an embedded finance-enabled global VC platform.
Vauban discloses Currencycloud as its banking provider, according to the Embedded Finance Index 2026.
Vauban does not disclose a bank charter of its own; its banking services are provided through Currencycloud.
Vauban uses Currencycloud for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in Vauban's stack: Banking / BaaS (Currencycloud); Unified APIs (Currencycloud); FX & payouts (Currencycloud).
Vauban is headquartered in London, UK.
Get a read on where your own stack stands against Vauban 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.