Augustus
Augustus builds an AI-native, stablecoin-based clearing and banking platform that provides 24/7 settlement and machine-to-machine payment infrastructure for global financial institutions and digital asset companies, with live European operations and a pending US national bank charter.
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Augustus does
Augustus (formerly Ivy), founded in 2022, is building what it describes as the first clearing bank for the AI era — a wholesale banking platform whose proprietary core banking system is engineered from first principles for stablecoin settlement, programmable money, and machine-to-machine transactions. The company serves two institutional segments: global financial institutions requiring 24/7 clearing (replacing legacy correspondent banking that operates only 250 days per year with 2-day settlement), and digital asset companies — cryptocurrency exchanges, stablecoin issuers, and digital asset firms — seeking regulated banking infrastructure with Federal Reserve payment rail access. Kraken is publicly identified as a customer for Euro clearing services.
The company operates regulated European subsidiaries today: Ivy Pay Oy, a payment institution authorized by Finland's FIN-FSA (Business ID 3292703-8), and Ivy Pay Sp. z o.o., registered as a Virtual Asset Service Provider in Poland. Augustus is extending this footprint into the United States via Augustus Bank, N.A., which received preliminary conditional approval from the OCC on May 8, 2025, and formal conditional approval on May 11, 2026 — only the eighth national bank charter issued since 2010. Full US operations are targeted for Q3 2026 pending remaining approvals (OCC pre-opening exam, FDIC deposit insurance, and Federal Reserve approval for the holding company).
Augustus generates revenue through transaction fees on clearing and settlement services for institutional clients, with custom/enterprise B2B pricing. The company has raised approximately $40 million from Valar Ventures (Peter Thiel), Creandum, and founders of Ramp, Deel, and Circle, and is led by CEO Ferdinand Dabitz (a 25-year-old Thiel Fellow) alongside a deeply experienced banking bench including President Greg Quarles (former CEO of Green Dot Bank, United Texas Bank, H&R Block Bank; 18 years at OCC), CFO Joe Schenone (JPMorgan, MUFG; transformed LendingClub and Smartbiz into banks), CCO Benjamin Alexander (Column, HSBC, JPMorgan Chase), Chief Credit Officer Andy Riggs (Brex founding team), and CRO Kyle Steed (United Texas Bank). The company is incorporated in the United States as Augustus International Inc., with a registered address in San Francisco, an engineering hub in Berlin, and a US office in New York.
Augustus firmographics
Firmographics- Name
- Augustus
- Legal name
- Augustus International Inc.
- Website
- https://augustus.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Augustus builds an AI-native, stablecoin-based clearing and banking platform that provides 24/7 settlement and machine-to-machine payment infrastructure for global financial institutions and digital asset companies, with live European operations and a pending US national bank charter.
- Ownership category
- akta.pro rank
Augustus industry classification
Industry- Product category
- Wholesale Banking Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- National Commercial Banks (6021), Finance Services (6199)
- akta.pro primary industry
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF)
- akta.pro secondary industries
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Reserve Management, Custody & Segregated Accounts (Backing Infrastructure) (FSADADAD), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
Keywords
Where Augustus is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Augustus business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Clearing and Settlement Services: Augustus generates revenue through clearing and settlement fees for financial institutions using its AI-native banking infrastructure. As a wholesale clearing bank, it charges transaction fees for processing payments, stablecoin settlements, and machine-to-machine transactions for institutional clients operating 24/7.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Augustus product offering
Product offeringCore offering
Augustus builds and operates an AI-native, stablecoin-based clearing and banking platform that delivers 24/7 programmable clearing of major Western currencies, real-time settlement, and machine-to-machine payment infrastructure for global financial institutions and digital asset companies. Its proprietary core banking system is engineered from first principles for agent-initiated workflows, supports stablecoin-backed payment rails, and is being chartered in the US (Augustus Bank, N.A.) while live Euro clearing runs through regulated European subsidiaries.
Product overview
Augustus (formerly Ivy) is building the first clearing bank for the AI era—a single unified platform built on a stablecoin and AI-native core. The company operates its proprietary core banking system (the AI-Native Core Banking System) which enables real-time settlement, 24/7 transactions, and programmable money clearing of major Western currencies. Augustus's Euro Clearing Services are already live in Europe processing billions in volume, while Augustus Bank, N.A. (pending full regulatory approval) will extend these capabilities to U.S. dollars. The company serves institutional clients including cryptocurrency exchange Kraken, with Developer Documentation available for integration purposes.
Differentiator
Problem solved
Functional benefit
Products and services
- Augustus Bank, N.A. The world's first clearing bank for the AI era, built on a stablecoin and AI-native core, offering instant, always-on, programmable clearing of major Western currencies to global financial institutions and digital asset companies.
- Euro Clearing Services Regulated European clearing and payment services provided through subsidiaries Ivy Pay Oy (FIN-FSA authorized Payment Institution) and Ivy Pay Sp. z o.o. (Polish VASP), already live and processing billions in volume for institutional clients with stablecoin subsidiary structure aligned to the GENIUS Act framework.
- Stablecoin-Backed Payments Infrastructure Always-on, 24/7 stablecoin-backed payment rails enabling instant settlement for institutional clients and digital asset companies across major Western currencies, with banking-supervised compliance under the GENIUS Act framework.
- Developer Documentation and APIs Technical documentation portal and APIs enabling developers at financial institutions and digital asset companies to integrate with Augustus's clearing and payment services for programmatic clearing and settlement.
Quantifiable outcome
- Legacy correspondent banks are closed 115 days per year; Augustus operates 365 days per year.
- +2 more outcomes
Companies that use Augustus
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Augustus technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature3 records
Augustus partnerships and signals
Strategic signalScale indicators4 records
Recent moves8 records
Expansion highlights6 records
Augustus competitors and assessment
Company assessmentEmerging players
- BVNK: Stablecoin payments platform providing multi-currency settlement for businesses. Comparable as an emerging stablecoin-native settlement provider, though focused more on payments than clearing bank services.
Direct peers
- Fireblocks: Digital-asset custody, settlement, and tokenization platform serving exchanges and institutional clients. Comparable as infrastructure that bridges banks, stablecoin issuers, and trading venues.
- Ripple: Operates RippleNet cross-border payments rails and issues the RLUSD stablecoin. Comparable as a regulated, enterprise-focused stablecoin settlement network competing for the same bank and digital-asset client base.
- Paxos: Regulated stablecoin issuer (USDP, PYUSD) and digital-asset brokerage/settlement infrastructure provider. Comparable in combining stablecoin issuance with institutional clearing and custody services.
- Circle: Issuer of USDC and operator of Circle Mint and programmable stablecoin payment infrastructure. Most directly comparable to Augustus because both target institutional clients with bank-aligned stablecoin rails and clearing/settlement services.
Broad incumbents
- Column (Column Bank): API-first commercial bank providing core banking infrastructure to fintechs and digital-asset firms. Comparable as a regulated US bank offering programmable infrastructure to the same institutional segments.
- Stripe (Bridge): Global payments platform that acquired Bridge for stablecoin APIs. Comparable as a broad incumbent moving aggressively into stablecoin payment rails for enterprise and platform clients.
- Cross River Bank: Federally chartered NJ-based bank that provides banking-as-a-service rails for fintechs and crypto firms. Comparable as a regulated US bank infrastructure partner to many of the same digital-asset clients Augustus targets.
- JPMorgan (Kinexys / Onyx): Largest US bank operating the Kinexys (formerly Onyx) blockchain-based tokenized deposit and 24/7 settlement network. The most consequential incumbent competitor for institutional clearing and stablecoin settlement.
Others
- Modern Treasury: Payment operations platform providing APIs for money movement, reconciliation, and bank integrations. Comparable as adjacent infrastructure enabling enterprises and fintechs to operate programmable payment workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Augustus social profiles
Digital presenceAugustus compliance and trust
Trust signalCompliance3 records
Augustus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Augustus leadership team
Management profileNumber of profiles
Profiles10 records
Augustus subsidiaries and ownership
Company hierarchySubsidiaries2 records
Augustus funding detail
Funding detailFunding overview
Funding rounds5 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Augustus M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Augustus
What does Augustus do?
Augustus builds and operates an AI-native, stablecoin-based clearing and banking platform that delivers 24/7 programmable clearing of major Western currencies, real-time settlement, and machine-to-machine payment infrastructure for global financial institutions and digital asset companies. Its proprietary core banking system is engineered from first principles for agent-initiated workflows, supports stablecoin-backed payment rails, and is being chartered in the US (Augustus Bank, N.A.) while live Euro clearing runs through regulated European subsidiaries.
Is Augustus a public or private company?
Augustus is a private company. It is classified as venture growth investor backed and is currently operating.
When was Augustus founded?
Augustus was founded in 2022. It employs 11 to 50 people.
Where is Augustus based?
Augustus is headquartered in San Francisco, United States, in the North America region.
How does Augustus make money?
One revenue line is on record: clearing and Settlement Services.
Who are Augustus's main competitors?
BVNK is listed as an emerging player. Direct peers are Fireblocks, Ripple, Paxos and Circle. Broad incumbents are Column (Column Bank), Stripe (Bridge), Cross River Bank and JPMorgan (Kinexys / Onyx). Modern Treasury is listed as an others.
Does Augustus have an API?
Yes. Augustus provides developer documentation for integration purposes. The documentation is accessible at docs.augustus.com (main developer docs) and docs.getivy.de (legacy Ivy documentation). These documentation portals suggest API access for developers to integrate with Augustus's clearing and payment services. Developer documentation is at docs.augustus.com.
What industry is Augustus in?
Augustus's product category is Wholesale Banking Infrastructure. Its primary akta.pro industry code is FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led), with a secondary code of FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms. Its NAICS code is 522320 and its SIC code is 6021.