← Embedded Finance Index 2026

Vauban

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?

HQLondon, UK
IndustryVertical SaaS / VC & Private Markets
The story

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.

Last 12 months
Product timeline
2022
Vauban (from Carta) partnered with Currencycloud to enable instant multi-currency bank accounts for SPVs and funds, delivering SPV setup in hours rather than weeks.· banking
The stack
3 layers disclosed in Vauban’s embedded-finance stack
Banking / BaaS
Currencycloud
Unified APIs
in the full report
FX & payouts
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.