Overview
Augmentum Fintech : AUGM enables investors to gain exposure to a focused portfolio of fast growing and/or high potential private financial services technology (“fintech”) businesses based predominantly in the UK and wider Europe to deliver attractive risk-adjusted returns for shareholders.
The company will invest in early (but not seed) or later stage investments in unquoted fintech businesses which are high growth, with scalable opportunities, and have disruptive technologies in the banking, insurance and asset management sectors, including other cross-industry propositions.
Their premise is that the financial services sector is ripe for disruption; yet to happen in the significant way that has been seen in other sectors such as retail and travel. The UK is at the centre of this disruption due to several factors, including pragmatic regulation and sector “DNA”. The management team sees the opportunity to capitalise on the lower valuations of early stage businesses in Europe, as compared to the US. The substantial demand for post-seed venture capital funding in the European fintech market is creating an equity gap The Management Team will use its expertise, experience and networks in the fintech sector to actively drive value creation in its investee companies, stimulating growth, and positively influencing future financing and exits.
You can access the company’s website here
Augmentum Fintech : AUGM
Fundamentals
Price
Research History
-
18 Sep 2020 1 min read
Interview with Tim Levene of Augmentum Fintech
In this week’s show, James Carthew talked to Tim Levene of Augmentum Fintech Watch it again here If you were looking for James Carthew’s roundup of the week’s news, this is now in the news section – just click here If there is a guest speaker you’d particularly like to hear from, please email us – research@quoteddata.com. […]
-
10 Aug 2020 10 min read
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
-
07 Jul 2020 10 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
-
08 Jun 2020 10 min read
QuotedData’s Investment Companies Roundup – June 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over May: GCP Infrastructure – […]
-
07 May 2020 11 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
-
07 Apr 2020 11 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
-
10 Jan 2020 7 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
-
10 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
-
05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
-
16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
-
12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
-
14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
News
-
30 Oct 2020 3 min read
QD view – Money, money, money
We received news on Monday that the planned launch of Buffetology Smaller Companies Investment Trust would not proceed. The statement simply said that overall demand had not been sufficient to meet the minimum gross proceeds. This failure to launch follows hot on the heels of similar news from Tellworth British Recovery & Growth, that we […]
-
2 min read
QuotedData’s weekly news show 30 October 2020
QuotedData’s weekly news show 30 October 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: a crossroads for UK Mortgages an unwelcome tender offer for shares in Alternative Income REIT Augmentum raising £28m […]
-
2 min read
QuotedData’s morning briefing 30 October 2020
In QuotedData’s morning briefing 30 October 2020 – Augmentum Fintech (AUGM) successfully completed its placing and retail offer, with demand exceeding the issue size. Admission of the new shares to the LSE is expected on 3 November 2020. Tim Levene, CEO of AUGM’s manager, commented: “The success of this fundraise reflects the growing shift in the move […]
-
26 Oct 2020 8 min read
Augmentum Fintech announces placing following strong performance over the year-to-date
Augmentum Fintech (AUGM), one of the year’s best-performing investment companies, announced its intention to conduct a placing to raise gross proceeds of up to approximately £28m at a price of 120p. AUGM says that proceeds of the fundraise are to be used to fund investments selected from the company’s near-term pipeline, which currently contains approximately £120m of […]
-
06 Oct 2020 2 min read
QuotedData’s morning briefing 6 October 2020
In QuotedData’s morning briefing 6 October 2020: Augmentum Fintech says Seedrs (which was 1.2% of its portfolio at the end of March) is planning to merge with Crowdcube. Also, Tide (11.5% of the portfolio) has been awarded another £25m (on top of the £60m it got in February 2019) of the RBS Alternative Remedies Package (the […]
-
16 Jul 2020 2 min read
Augmentum proves resilient in face of crisis
Augmentum proves resilient in face of crisis – Augmentum Fintech has announced results for the year ended 31 March 2020. Over that period, the NAV increased by 5.9% to 116.1p as the portfolio was written up in value by £12.7m. There is no dividend. The shares collpased to trade at a 41.6% discount in the general […]
-
24 Jun 2020 1 min read
QuotedData’s morning briefing 24 June 2020
SDCL Energy Efficiency Income (SEIT) announced that after seeing the strong support given to the initial issue of new ordinary shares, announced on 18 June, the issue size has been increased from £60m to £110m. Augmentum Fintech (AUGM) announced that portfolio company, Zopa, has been awarded its full banking licence by the Prudential Regulatory Authority. […]
-
16 Apr 2020 1 min read
Augmentum hails successful fundraisings
Augmentum hails successful fundraisings – Augmentum Fintech has highlihted announcements by portfolio companies Onfido and Previse that they have successfully closed fundraisings. Onfido (www.onfido.com), the global identity verification and authentication company, has raised $100 million, led by global investment firm TPG Growth. This funding round implies a value of Augmentum’s holding in Onfido of approximately GBP10.87 million. […]
-
24 Mar 2020 3 min read
Augmentum Fintech covid-19 update
Augmentum Fintech covid-19 update – the investment management staff are working from home and the tone of the statement is upbeat, based on the premise that these young companies can more easily adapt to the changed circumstances. In fact, they reckon that over 40% of the portfolio may actually benefit. In addition, the company has […]
-
13 Mar 2020 9 min read
QuotedData reflects on Augmentum Fintech’s capital markets day
From time-to-time, QuotedData’s analysts meet a wide range of companies that aren’t clients of our sponsored research service. We figure it makes sense to share some of our thoughts on these companies with you. Here are some observations from a recent capital markets day hosted by Augmentum Fintech (AUGM), at Plaisterers’ Hall, One London Wall. AUGM […]
-
03 Jan 2020 2 min read
Augmentum Fintech invests in rapidly expanding bookkeeping platform
Augmentum Fintech (AUGM), the fintech-focused trust, has made a £7.5m investment in Receipt Bank, the UK-headquartered digital bookkeeping platform. AUGM’s investment is part of Receipt Bank’s £55m series C fundraising, led by Insight Partners, with participation from exisiting investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). Receipt Bank one of the 50 fastest […]
-
04 Dec 2019 1 min read
QuotedData’s other news 4 December 2019
In QuotedData’s other news 4 December 2019 Augmentum Fintech’s NAV made progress over the six months ending 30 September 2019, rising by 2.4%. This would have been higher but their holding in Zopa took a hit as it raised money to fund an application for a full banking licence. We also have news of higher […]
-
01 Oct 2019 2 min read
Augmentum makes first German purchase
Augmentum makes first German purchase – Augmentum Fintech has made its first investment in Germany with a €6 million investment in Grover (http://www.Grover.com/), a German technology rentals platform. Augmentum’s investment leads a €11 million funding round, and coincides with Grover signing a new €30 million debt facility with Varengold Bank, one of Germany’s major fintech banking […]
-
25 Sep 2019 1 min read
QuotedData’s other news 25 September 2019
In QuotedData’s other news 25 September 2019: Primary Healthcare Properties raised the £100m it was looking for in just a few hours – issuing 78.125m shares at 128p. All the directors put in more money. Augmentum converted its convertible investments in Tide into shares. The value of this position has risen by £4.2m as a result, […]
-
02 Aug 2019 1 min read
Augmentum Fintech invests £5m in Habito
Augmentum Fintech has announced that it has invested £5m in the on-line mortgage broker and lender, Habito. Habito (www.habito.com) says that it searches the whole market (90+ lenders, 20,000+ mortgages) to find its customers the best mortgage based on their circumstances About Habito Habito describes itself as “transforming the United Kingdom’s £1.3 trillion mortgage market […]
-
02 Jul 2019 1 min read
Augmentum Fintech raises £25.8m after promising first year
Augmentum Fintech raises £25.8m after promising first year – Augmentum Fintech (AUGM) published its first set of annual results last month, (click here to read this story) and has this morning announced that it has raised gross proceeds of £25.8m through an equity issue. At the end of first yearly results period, to 31 March […]
-
14 Jun 2019 2 min read
QuotedData’s other news 14 June 2019
In QuotedData’s other news 14 June 2019: Utilico Emerging Markets has published its annual report covering the year ended 31 March 2019. In a year where the MSCI Emerging Index delivered a zero return, the trust at least managed some positive performance, generating an NAV return of 3.5%. Shareholders also benefited from a narrowing discount. The […]
-
13 Jun 2019 1 min read
QuotedData’s other news 13 June 2019
In QuotedData’s other news 13 June 2019 – Augmentum Fintech made follow on investments totalling £8.5m in three of its portfolio companies – Tide, Monese and Duedil. BBGI has topped up its investment in the A1/A6 road project in the Netherlands. The project was part of the Schiphol-Amsterdam-Almere expansion and involved the reconstruction and widening of a […]
-
11 Jun 2019 2 min read
Augmentum Fintech off to a good start
Augmentum Fintech off to a good start – Augmentum Fintech has published its first set of accounts covering the period from launch to 31 March 2019. The NAV immediately after launch was 99p, at the end of the period it stood at 109.6p. The shares were trading at a small premium to that level. The […]
-
24 Jan 2019 2 min read
Augmentum Fintech takes iwoca stake
Augmentum Fintech takes iwoca stake – Augmentum Fintech has made an investment of GBP7.5 million in iwoca, which Augmentum describes as a challenger SME lender. The new equity will allow iwoca to fund balance sheet expansion and accelerate growth. iwoca (www.iwoca.co.uk) aims to provide fast, flexible source of business finance for all UK and continental European businesses (examples it […]
-
21 Jan 2019 1 min read
Augmentum takes stake in Farewill
Augmentum takes stake in Farewill – Augmentum Fintech has made an investment of £4.0m in Farewill Limited, which descrobes itself as “the all-in-one financial and legal services platform for dealing with death.” Augmentum is leading the £7.5 million Series A fundraising alongside existing and new investors including dmg ventures, SAATCHiNVEST, and Kindred Capital. Farewill (www.farewill.com) offers online […]
-
26 Nov 2018 3 min read
Augmentum releases first results
Augmentum releases first results – Augmentum Fintech has published its interim results for the period ending 30 September 2018. The NAV total return for the period was 5.1%.At the date of the report, the share price was 96.1 pence per share, representing a 7.6% discount to the NAV per share. The directors have resolved not to pay a […]
-
11 Sep 2018 2 min read
Augmentum Fintech invests in residential rent-to-own specialist
Augmentum Fintech invests in residential rent-to-own specialist – Augmentum Fintech (AUGM) has announced that it has invested £2.5 million in a UK-based residential rent-to-own specialist called Unmortgage This was part of a £10 million fundraising. Augmentum is participating in the fund raising alongside existing investor Exponential Ventures, and other investors. Unmortgage Unmortgage will offer a part-own part-rent […]
-
10 Sep 2018 1 min read
Augmentum Fintech buys Monese stake
Augmentum Fintech buys Monese stake – Augmentum Fintech has announced an investment of GBP5.3 million in UK based fast-growing mobile-only current account provider Monese. Augmentum is participating in this GBP46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time. Monese (www.monese.com) launched in September 2015 as the […]
-
20 Aug 2018 2 min read
Augmentum makes three new investments
Augmentum makes three new investments – Augmentum Fintech has announced an aggregate of GBP 7 million of investment in three leading European fintech companies – Tide, Previse and DueDil. GBP3 million in Tide, an emerging leader in SME challenger banking, as part of an GBP8 million funding round alongside existing investors GBP2 million investment in Previse, the global […]
Upcoming Events
Videos
In The Press
-
12 Feb 2021 2 min read
When it is worth paying a premium for an investment trust
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
-
14 Apr 2020 2 min read
The out of favour trusts that are cheap for a reason
The out-of-favour investment trusts that are cheap for a reason Investors on the lookout for investment trust bargains risk catching the proverbial falling knife. Money Observer, April 8, 2020 by Kyle Caldwell Substantial stock market corrections offer brave investors the chance to go bargain-hunting, but the big caveat and trade-off is the risk of catching the proverbial falling knife. […]
-
20 Jun 2019 1 min read
Investment Trust Insider on Augmentum Fintech
Investment Trust Insider on Augmentum Fintech – James Carthew: good luck to Augmentum, it may get financial startups right Augmentum Fintech (AUGM) has just published its first set of annual results, covering the period from launch up to the end of March 2019. At that point, it had committed 75% of the £94 million it raised […]
-
20 Dec 2018 1 min read
2018 new issue review
2018 new issue review – QuotedData’s James Carthew talks to Citywire’s Jen Hill about 2018’s clutch of new issues Investors were given an eclectic mix of opportunities within alternatives, in contrast to recent years when high-yielding propositions drove the vast majority of launches. The return of private equity and private equity like strategies – Augmentum […]