Founded in 2018, Augmentum Fintech Plc is one of the Europe’s leading closed-ended investment company that is engaged in investing a focused portfolio of fast growing and transformative private fintech businesses in the UK and Europe. The company invests in early and later stage fast growing fintech companies that are disrupting the insurance, financial services, banking and asset management industries. The company is the only fintech-focused venture capital firm in UK and its shares are listed on the main market segment of the London Stock Exchange since 2018 as LON: AUGM.
The company’s objective is to invest across fast growing, high potential private financial services technology businesses to generate capital growth over the long term. The company’s investment is expected to be mainly in the form of equity and equity related instruments issued by the businesses in which it invests. Investments may also be made by way of convertible debt instruments. It intends to invest in unlisted companies and also in partnerships, limited liability partnerships and other legal forms of entity. The company does not intend to invest in publicly traded companies.
The portfolio businesses of the company may seek to go public from time to time and it may acquire investments directly or by holding in special purpose vehicles or intermediate holding entities. To manage and diversify the risk the company will not invest more than 15% of its net asset value in a single investment and at least 80% of the net asset value will be invested in businesses which are based in or have their main centre of business in the UK and Europe. The company can’t invest over 15% of its gross assets in other investment companies or investment trusts that are listed on the official list. Further, the company will not employ derivatives of any kind for investment purposes but may be used for currency hedging purposes and may use borrowing to manage its working capital requirements, up to 10% of its net assets value but shall not borrow for investment purposes.
The company’s portfolio includes Onfido, Farewill, Interactive Investor, Dext, Tide, Volt, Monese, Habito, Zopa, Iwoca, Grover, Bullion Vault, Tesseract, Cushon, SRL Global, Parafi Capital, Wayhome, Epsor, Seedrs, Previse, Whisky Invest Direct, Artesian and Anyfin.
5-23 Old Street EC1V 9HL United Kingdom