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Bank Charter

Augustus
2026-07-26 08:55:00

Augustus raises $180 million, wins conditional OCC approval, and pitches itself as a wholesale bank for the stablecoin era

European payments company Augustus has raised $180 million at a $1 billion post-money valuation and secured conditional approval from the Office of the Comptroller of the Currency for a U.S. national bank charter. The company began life as Ivy, an open-banking checkout product aimed at merchants, then expanded through integrations with Mollie, Kraken, and Circle into institutional money movement, stablecoin settlement, and dollar infrastructure. That shift has pushed Augustus beyond merchant payments and toward a much broader ambition: becoming what can best be described, for now, as a wholesale bank built for the stablecoin era. The transition is strategically clear but operationally unresolved. A bank built around APIs can hold customer balances, control its ledger, connect to payment rails directly, and reduce reliance on sponsor banks that may pull back from crypto or cross-border fintech clients. At the same time, Augustus is attempting to combine payments software, deposits, agency banking, treasury management, digital asset infrastructure, tokenized deposits, lending, and compliance into one regulated stack. Public information does not yet show that its Marble platform lowers operating costs, that payment volume can turn into durable banking revenue, or that its planned U.S. banking setup is already handling live dollar flows. The company’s story is advancing fast. Its full banking model remains in buildout.

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Augustus raises $180 million, wins conditional OCC approval, and pitches itself as a wholesale bank for the stablecoin era