Connect with us

Technology

Augustus Announces $180M Series B at $1B Valuation to Give International Fintechs and Banks Access to the US Dollar

Published

on

New funding round led by Tiger Global accelerates Augustus’ mission to dollarize the world—giving financial institutions around the world direct, programmable access to dollar accounts and rails through a modern, federally chartered bank

NEW YORK, July 21, 2026 /PRNewswire/ — Augustus, building the Global Dollar Bank, today announced a $180 million Series B at a $1 billion valuation. The round was led by Tiger Global, with participation from Hummingbird, QED, and the founders of Nubank, Ramp, Circle, and Deel.

This new funding accelerates Augustus’ mission to dollarize the world—giving financial institutions around the world direct access to dollar accounts and rails through a modern, federally chartered bank. Augustus will use the capital to continue to serve leading fintechs and banks in Latin America, Southeast Asia, the Middle East, and Africa.

Augustus’ API-first platform supports operating and FBO accounts with named virtual accounts. Customers can transact with first and third parties via Swift, ACH, SEPA, and stablecoins. Augustus will continue to invest in its proprietary core banking platform Marble, which enables faster settlement times and 24/7/365 availability by deploying AI across the bank’s back office.

The financing follows Augustus’ conditional approval for a U.S. national bank charter from the Office of the Comptroller of the Currency (OCC) in May, making Augustus the eighth bank to receive conditional approval since 2010. The conditional approval established Augustus as one of the few technology companies authorized to build federally regulated banking infrastructure in the U.S. from the ground up, enabling the company to provide customers with direct access to dollars, rather than relying on layers of intermediary banks and fintechs.

“We started Augustus with a simple thesis: the Dollar is the greatest product in the world but its distribution is fundamentally broken,” said Ferdinand Dabitz, CEO and Co-Founder of Augustus. “This financing lets us execute on our mission to provide high-quality dollar access to international fintechs and banks. It’s time to dollarize the world.”

“After three decades in banking, I’ll say it plainly: you don’t get meaningful innovation by patching legacy infrastructure. You build something new from the foundation up,” said Greg Quarles, President of Augustus. “That’s what Augustus is: modern, proprietary technology fused with the full capabilities of a federally chartered bank into a single integrated platform. In my entire career, I have not seen anything like it.”

“Correspondent banking is the last remaining part of the bank stack that hasn’t been challenged yet by fintechs. Global fintechs and banks have been left either with slow, low-tech incumbent correspondent banks, or middleware fintech providers,” said Nigel Morris, Co-Founder of Capital One and Managing Partner at QED Investors. “Augustus solves this by combining cutting-edge technology with a real bank charter, providing international financial institutions with a modern, direct dollar clearing platform.”

Augustus is built at a time when Western currency dominance is being challenged. China has recently launched the Digital Yuan, and Russia is proposing BRICS Pay as an alternative clearing system. By providing a distinctly Western alternative to these ideas, Augustus hopes to help secure and advance Dollar and Euro dominance for the decades to come.

The round also received backing from leading fintech and AI founders, including David Velez (Nubank), Karim Atiyeh (Ramp), Sean Neville (Circle), Alex Bouaziz (Deel), Victor Cardenas (Slash), Alan Chang (CRO Revolut), Balaji Srinivasan (CTO Coinbase), Farooq Malik (Rain), Gavin Uberti (Etched), Victor Riparbelli (Synthesia), Alexander Rinke (Celonis), Jamie Cox (Fluidstack), and Jan Oberhauser (n8n). Additional investors include Soma Capital, Road Capital Management, CMT Digital, Brevan Howard Digital, and Variant.

Augustus is led by a team of banking, payments, and regulatory veterans with decades of experience building, supervising, and operating financial institutions. Its leadership includes Greg Quarles, former bank CEO and senior regulator at the OCC; Benjamin Alexander, former Chief Compliance Officer at Column and executive at JPMorgan and HSBC; and senior leaders whose backgrounds span banking regulation, payments infrastructure, compliance, and global financial services.

About Augustus
Augustus is building the Global Dollar Bank—a modern clearing bank built to provide dollar access to international fintechs and banks. Augustus is already processing billions for market leaders like Kraken today. Augustus was founded in 2022 by Ferdinand Dabitz, Joshua Becker, Simon Wimmer, and Peter Lieck, and has raised $210 million. Augustus is backed by Tiger Global, Hummingbird, QED, and the founders of companies like Ramp, Nubank, Deel, and Circle.

CONTACT: press@augustus.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/augustus-announces-180m-series-b-at-1b-valuation-to-give-international-fintechs-and-banks-access-to-the-us-dollar-302830300.html

SOURCE Augustus

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

Published

on

By

LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

View original content to download multimedia:https://www.prnewswire.com/news-releases/fulton-financial-corporation-appoints-david-s-schulz-to-board-of-directors-302831288.html

SOURCE Fulton Financial Corporation

Continue Reading

Technology

Octavio Marquez Elected to MSA Safety Board of Directors

Published

on

By

PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/octavio-marquez-elected-to-msa-safety-board-of-directors-302831265.html

SOURCE MSA Safety

Continue Reading

Technology

BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

Published

on

By

New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bluefolder-field-service-software-launches-new-ai-powered-features-to-transform-how-teams-work-302831320.html

SOURCE BlueFolder

Continue Reading

Trending