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Finance Dev3 min reading time

A 25-year-old just raised $180M to build a US bank from scratch

The Next WebPublished Jul 22, 2026

Augustus, led by 25-year-old Ferdinand Dabitz, raised $180M to build a US national bank aiming to provide direct US dollar access to foreign banks and fintechs, bypassing correspondent banking. The bank integrates traditional payment rails and stablecoins, using AI for 24/7 settlement, targeting regions with limited dollar access.

#augustus #correspondent-banking #ferdinand-dabitz #stablecoins #tiger-global

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