- Tiger Global leads a funding round for Augustus, a bank startup, valuing it at $1 billion, the company said Tuesday.
- Other participants in the funding round included Hummingbird, QED, and the founders of Nubank.
- Augustus, a clearing-bank startup backed by Peter Thiel, reached a $1 billion valuation in this funding round.
- The company provides dollar access to international fintechs and banks and previously closed a $180 million Series B round.
Tiger Global has spearheaded a funding round for Augustus, a bank startup, which has now reached a $1 billion valuation. This funding round, announced on Tuesday, also included participation from Hummingbird, QED, and the founders of Nubank.123
Augustus specializes in providing dollar access to international fintechs and banks, positioning itself as a key player in the financial technology landscape. The startup previously secured $180 million in a Series B round, with notable investors including co-founder David Velez and Sean Neville.4
The backing from Tiger Global, a prominent investment firm, underscores the growing interest in innovative banking solutions that cater to a global market. As Augustus continues to expand its services, it aims to bridge the gap between traditional banking and modern fintech needs, enhancing accessibility for various financial institutions worldwide.
“The $180 million Series B round also included Hummingbird, QED, and Nubank co-founders, with Peter Thiel among earlier backers. Augustus, which provides dollar access to international fintechs and banks, is building a clearing bank infrastructure.”
Seeking Alpha
