An investment in Augmentum Fintech will enable investors to gain exposure to a focused portfolio of fast growing and/or high potential private Fintech businesses based predominantly in the UK and wider Europe.
Augmentum Fintech plc (the Company), a newly established closed-ended investment company, has raised a total of £94m pursuant to its IPO. Shares commenced trading on the London Stock Exchange on 13 March 2018.
An investment in the Company will enable 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 invests 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.
Tim graduated in Russian Studies from The University of Manchester and joined Bain & Company in Moscow, Boston, Sydney and London. Tim embarked on an entrepreneurial path and left Bain in early 1998 and created a new retail concept when he opened his first Juice bar (Fresh n Smooth) in 1999 in Canary Wharf. The business has since evolved into a 31-store business across London called Crussh.
In the summer of 1999, Tim joined 3 former colleagues from Bain & Company and launched Flutter.com. Flutter became one of the highest profile internet businesses in the UK after it merged with Betfair.com in 2001. Tim became the Commercial Director of the newly merged business and launched Betfair globally.
In 2010, Tim returned to London to start his next venture. He founded Augmentum Capital with the backing of RIT Capital and Lord Rothschild. The team focused on finding talented entrepreneurial teams in the Fintech industry that were bringing fundamentally disruptive products or platforms to the European market.
In 2018, Tim and Richard successfully launched Augmentum Fintech on the main market of the London Stock Exchange, in the process becoming the first publicly listed Fintech fund in the UK.
Tim was made a Young Global Leader by the World Economic Forum in 2012 and for several years advised The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry on digital strategy and innovation. Tim was elected in March 2017 to The Court of Common Council in the City of London to represent the Ward of Bridge (as an Independent). Tim is also a Governor of The City of London School.
Outside of the office, Tim has a young family and has been a Chelsea FC season ticket holder since 1979. He remains a keen footballer, golfer and skier although operating at a more sedate pace than in recent years.
Richard has 17 years venture capital and private equity experience in the technology, retail and leisure sectors on both sides of the fence. Having studied economics at the University of Manchester, Richard started his career as a Chartered Accountant at Coopers & Lybrand before leaving in 1999 to join Tim at Flutter.com (now Betfair) as CFO.
In 2002 following the merger with Betfair he left to join Benchmark Capital Europe (now Balderton Capital), one of the early investors in Betfair. At Benchmark he worked on early stage technology investments both in the investment phase and assisting the investee companies post funding. He then joined Manzanita Capital in 2005, where he spent 5 years investing in the retail and leisure sectors globally before leaving to form Augmentum Capital. In 2018 Richard and Tim successfully launched Augmentum Fintech on the main market of the London Stock Exchange, in the process becoming the first Fintech focused public VC in Europe.
Away from the office Richard enjoys spending time with his family, watching Arsenal and playing golf, though in the case of the latter 2 the word “enjoys” is used in its loosest sense.
Perry is a fintech specialist with 25 years’ experience in building and operating online businesses, and has spent the last decade as an investor in, and advisor to, numerous fintech businesses.
Perry graduated from both Cambridge and Harvard before starting his career at McKinsey & Company. In 1998 he left to join Microsoft, before later moving to become a founding Principal of Chase Episode 1 Partners.
Perry later followed the route of the entrepreneur when he went on to become founder and CEO of two businesses, both of which sold to public companies (Serum in 2002, and Covestor in 2007). More recently, Perry has been a Venture Partner at Amadeus Capital, and holds advisory or non-executive roles with Barclays UK, Google, Onfido, Transfergo, Clearscore, CDC and other fintech businesses.
Co-founded Betfair, which later floated on the London Stock Exchange in 2010 valued at £1.4 billion, and has twice won the Ernst & Young Entrepreneur of the Year award. Having stepped down from his role as chairman of Betfair in 2012, Edward continues to invest in Fintechs and currently holds directorships at Funding Circle, LMAX, Property Partner and Prodigy Finance, and is a trustee of Nesta, TheMix and Mental Health Innovation.
Prolific Fintech investor and Former president of American Express Consumer Card Group and Chairman of American Express Centurion Bank
Co-founder of Flutter.com and Silicon Valley entrepreneur and investor. Former general partner at Matrix Partners
CEO of Hiscox since 2000 and Deputy Chairman of Lloyd’s 2001-2007
Chairman of the Board and of the Nominations Committee
Neil has extensive international business expertise in a career spanning public and private companies varying in size from start-ups to global corporations. His career started in manufacturing and he has held leadership roles in sales, marketing and general management across sectors including food, FMCG, distribution and technology.
Neil was a Vice President of Mars Incorporated; Group Chief Executive at The Albert Fisher Group plc and Group Commercial Director at Gallaher Group plc. Additionally he started two technology businesses and has advised on others. Neil has been Chairman of a number of companies, most recently ITE Group plc, Blackrock Emerging Europe plc and three private businesses. He now holds one Chairman position in addition to Augmentum.
Chairman of the Audit Committee
Karen has extensive experience in project finance and private equity. She started her career at Citibank where she worked on various multi-national project finance transactions. Karen worked at CDC (Commonwealth Development Corporation), the UK’s development finance institution, where she held a variety of positions in equity and debt investing, portfolio management, fund raising and investor development.
Karen has been an adviser to hedge funds, family offices and private equity houses for a number of years. She is currently Chairman of Aberdeen Japan Investment Trust PLC and Keystone Investment Trust plc.
Chairman of the Management & Remuneration Committee and of the Valuations Committee
David has extensive experience in the investment business, working on both public and private equities, and asset allocation. He started his career as a stockbroker, and held a number of senior positions, including as head of European equities for SG Warburg plc and Deutsche Bank AG and CIO and co-CEO of Deutsche Asset Management’s European Absolute Return business. David previously worked for RIT Capital Partners plc, where he was a board member and head of public equities. He joined the multi-strategy firm Marylebone Partners from its launch as head of liquid strategies. Since his retirement he has been a non-executive partner and member of the firm’s investment committee.
Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.
Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.
When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.
Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.
Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.
Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.
Ellen is an Investment Associate at Augmentum. She previously worked at OC&C Strategy Consultants and at HR analytics startup Bunch. Ellen studied Economics at the University of Edinburgh.
Outside of the office she spends her time practicing yoga, experimenting in the kitchen and exploring the art galleries of London.
Learn more about Ellen in her ‘Meet the Team’ blog here
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Sofia oversees the financial and administrative operations at Augmentum and has over 15 years’ experience in financial accounting.
Believing in giving back to the community, Sofia is active in a number of local charities.
Hayley is Augmentum’s Office Manager and PA. Prior to working at Augmentum, Hayley worked at law firm Stephenson Harwood.
Nigel leads Public Relations and Investor Relations at Augmentum. Nigel has had an international career in corporate affairs, communications and investor relations which, over 30 years, has included responsibility for UK, regional (EMEA and Latin America) and global functions; covering high-profile public companies, private companies, prominent individuals and public bodies, primarily in the financial services sector but also taking in consumer/fashion, planning policy, arts and the environment.
Akash is an Investment Analyst at Augmentum Fintech. Prior to joining Augmentum, Akash worked at the Cass Entrepreneurship Fund, Barclays Ventures and Deloitte. Akash studied Accounting and Finance at Cass Business School.
Outside of work, Akash enjoys writing a blog on trends in technology and venture capital and volunteering for networks that support more investment in impact-driven companies in the private markets. Akash always looks forward to reading great books and playing tennis with friends as a way to unwind.
Learn more about Akash in his ‘Meet the Team’ blog here.