Augmentum Fintech
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Augmentum Fintech (LSE:AUGM) is a publicly listed fintech fund, headquartered in London[1][2]. Augmentum invests in fast-growing, unquoted fintech businesses primarily operating across Europe. Augmentum launched on the main market of the London Stock Exchange in 2018[3] and notable investments include interactive investor[4], Cushon[5], Tide[6], Zopa[7], iwoca[8] and Monese[9].
History[edit]
The company was originally founded in 2010[10] by Tim Levene and Richard Matthews as a traditional GP/LP venture capital fund (Augmentum Capital LLP), with the backing of Rothschild firm RIT Capital Partners[11].
In March 2018, Augmentum Fintech plc listed on the main market of the London Stock Exchange[12], in doing so becoming the UK’s only publicly listed fintech investment company[13][14][15].
Portfolio[edit]
Augmentum has invested in companies including interactive investor (Augmentum first invested in 2014, exited 2022[4]), Zopa (Augmentum first invested in 2012[7]), Tide (Augmentum first invested in 2018[6]), Monese (Augmentum first invested in 2018[9]) and Grover (Augmentum first invested in 2019[16]).
Notable Exits[edit]
interactive investor was acquired by abrdn, the FTSE 100 asset manager, for £1.5bn in 2022[17]. Augmentum received £42.8m from the exit, generating an 11x return[18].
Cushon acquired by NatWest Group, the FTSE 100 banking and financial services group, in 2023[5]. Augmentum led Cushon’s Series A fundraising in June 2021 with an initial investment of £5 million[19] and since that date the Company invested a further £5.8 million[5]. Augmentum received proceeds of £22.8 million from the completion of the acquisition, representing a 46.2% uplift on the unaudited 30 September 2022 holding value of £15.6 million, an IRR of 61.7% and cash multiple of 2.1x on cost[5].
Team[edit]
Augmentum Fintech plc is managed by Augmentum Fintech Management Ltd[20], led by Tim Levene[21][22] and Richard Matthews[23] from their London headquarters.
- ↑ "NAV resilient but shares fall for Augmentum Fintech". QuotedData. 2023-07-04. Retrieved 2023-10-20.
- ↑ Conchie, Charlie (2023-07-04). "Fintech fund Augmentum rides out volatility as portfolio edges up". CityAM. Retrieved 2023-10-20.
- ↑ "Augmentum Fintech raises £94m in IPO". Finextra Research. 2018-03-12. Retrieved 2023-06-08.
- ↑ 4.0 4.1 "IR Solutions, Q4 Europe". ir.q4europe.com. Retrieved 2023-06-08.
- ↑ 5.0 5.1 5.2 5.3 "IR Solutions, Q4 Europe". ir.q4europe.com. Retrieved 2023-06-08.
- ↑ 6.0 6.1 "Augmentum makes three new investments". QuotedData. 2018-08-20. Retrieved 2023-06-08.
- ↑ 7.0 7.1 O'Hear, Steve (2012-12-10). "As UK Gov Eyes Up Regulation, P2P Lender Zopa Raises "Multi-Million Pound" Round Led By Augmentum Capital". TechCrunch. Retrieved 2023-06-08.
- ↑ "IR Solutions, Q4 Europe". ir.q4europe.com. Retrieved 2023-10-04.
- ↑ 9.0 9.1 "Augmentum Fintech buys Monese stake". QuotedData. 2018-09-10. Retrieved 2023-06-08.
- ↑ "AUGMENTUM CAPITAL LLP overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2023-06-08.
- ↑ Ram, Aliya (2018-01-30). "Augmentum Capital to seek public listing to back fintech start-ups". Financial Times. Retrieved 2023-06-08.
- ↑ "NAV resilient but shares fall for Augmentum Fintech". QuotedData. 2023-07-04. Retrieved 2023-10-20.
- ↑ Thompson, Simon (June 22, 2021). "Upgrading target prices". Investors Chronicle. Retrieved 4 October 2023.
- ↑ https://augmentum.vc/wp-content/uploads/2022/06/11-251115-Augmentum-Fintech-web-v2.pdf
- ↑ https://augmentum.vc/wp-content/uploads/2022/06/4-6th-June-18-Fidante-Report.pdf
- ↑ "Grover gets €41 million to take tech rental global". Tech.eu. 2019-10-01. Retrieved 2023-06-08.
- ↑ Lumsden, Gavin (4 July 2022). "Augmentum Fintech leaps 12% on cash boost from Interactive". citywire.com. Retrieved 2023-06-08.
- ↑ "IR Solutions, Q4 Europe". ir.q4europe.com. Retrieved 2023-06-08.
- ↑ Marzook, Safiya (20 January 2022). "Cushon Group secures £35 million Series A Follow On investment from investors including Augmentum Fintech". UK Tech Investment News. Retrieved 27 June 2023.
- ↑ "Augmentum Team – Augmentum". Retrieved 2023-06-08.
- ↑ "Timothy Charles LEVENE personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2023-08-22.
- ↑ Conchie, Charlie (2023-07-04). "Fintech fund Augmentum rides out volatility as portfolio edges up". CityAM. Retrieved 2023-10-20.
- ↑ "Richard Michael MATTHEWS personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2023-08-22.
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