Ivy (Augustus)
Ivy (Augustus) is a US - contrast fintech-infrastructure provider (Open banking, Local payment schemes). Verified at source - licence, regulator and registry reference. Active
Who it's for
Ivy (Augustus) is built for products using bank-account data or bank-to-bank payments over PSD2 rails. It operates under a payment institution licence.
Sovereignty profile
- Data residency (EEA): Partial - partly in the EEA - check the rail
- Company origin: US (US)
What Ivy (Augustus) does
Verified licence profile
Ivy, now Augustus (US; founded in Munich 2021 by Ferdinand Dabitz and Peter M. Lieck) - instant account-to-account bank payments API (open banking) backed by Valar Ventures and Creandum (USD 30m+); rebranded to Augustus in May 2026 after conditional OCC approval to form a US national 'clearing bank for the AI era'. EEA rail: Ivy Pay Oy (Finland PI). HQ decides origin (rule 8a); German founding heritage noted.
Verified 2026-07-13. How we verify → · Spotted something out of date? Report a correction. · Are you Ivy (Augustus)? Work with us →
Official register entries
- Payment institution (PI) - Finnish Financial Supervisory Authority · Ref 32927038 · Active (EBA PSD2 register, as of 2026-07-18)
- AISP (account information) - Finnish Financial Supervisory Authority · Ref 32927038 · Active (EBA PSD2 register, as of 2026-07-18)
Register-sourced. See the full European Fintech Index. Registers have no legal significance - always confirm current status with the home regulator.
Timeline
- 2026-05 [rebrand] Ivy rebranded to Augustus following conditional OCC approval for a US national bank charter
European alternatives to Ivy (Augustus)
Bridge (France) - open banking AIS/PIS by Bankin' (ACPR-regulated group): account data and A2A payments.
Brite AB (org.nr 559116-1632) - licensed Payment Institution, Swedish FSA (Finansinspektionen); instant A2A / pay-by-bank across Nordics + EU.
Fintecture (France) - open-banking / A2A payment infrastructure using SEPA instant transfers as a card alternative (lower fees, fraud reduction). PIS-licensed (ACPR / Banque de France); member of France FinTech.
Inespay (Spain) - the leading payment-initiation (PISP) provider of Spain and Portugal: account-to-account bank-transfer payments (Transferencia Online) covering 99%+ of online-banking users across Iberia. Payment institution authorised by the Bank of Spain.
Neonomics (Norway) - open banking with a Nordic PIS focus. PI + PISP + AISP (Norwegian Finanstilsynet), passported across the EU.
Tink (Sweden) - open banking AIS + PIS across 3,400+ banks in 18 markets. Authorised PI (Swedish FSA, ID 44059); acquired by Visa in 2022 (EUR 1.8bn).
FAQ
Is Ivy (Augustus) European / EEA-based?
Partly. Ivy (Augustus) is US origin (US); part of its rail or data sits outside the EEA - check the licence profile.
What does Ivy (Augustus) do?
Ivy (Augustus) covers: Open banking, Local payment schemes. Verified at source by Fintechnologica.