Introduction

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.

Key Information

© 2018 Augmentum Fintech plc. All rights reserved.
Registered in England and Wales, company no. 11118262

Augmentum Fintech plc conducts its affairs so that its shares can be recommended by independent financial advisers (IFAs) to retail private investors. The shares are excluded from the Financial Conduct Authority's (FCA's) restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust

Investors should seek independent financial advice before investing. The value of your investment can go down as well as up, so you could get back less that you invested.

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Augmentum Team

Tim Levene

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.

Augmentum Team

Richard Matthews

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.

Augmentum Team

Perry Blacher

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 is an Venture Partner at Amadeus Capital, and holds advisory or non-executive roles with Barclays UK, Google, Onfido, Transfergo, Clearscore, CDC and other fintech businesses.

Augmentum Our Team

Edward Wray

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.

Augmentum Our Team

Phillip Riese

Prolific Fintech investor and Former president of American Express Consumer Card Group and Chairman of American Express Centurion Bank

Augmentum Our Team

Josh Hannah

Co-founder of Flutter.com and Silicon Valley entrepreneur and investor. Former general partner at Matrix Partners

Augmentum Our Team

Bronek Masojada

CEO of Hiscox since 2000 and Deputy Chairman of Lloyd’s 2001-2007

Augmentum Our Team

Chairman

Neil England

Neil England has extensive international business expertise in a career spanning public and private companies varying in size from start-ups to global corporations. His executive career started in manufacturing and he has since held leadership roles in sales, marketing and general management across the food, FMCG (fast moving consumer goods), distribution and technology sectors. Mr England is a former Vice President of Mars Incorporated; Group Chief Executive of The Albert Fisher Group Plc and Group Commercial Director of Gallaher Group Plc. Additionally, he has started two technology businesses and advised on others.

In his non-Executive career, Mr England was Chairman of Silverstone and four other private and private equity backed businesses and was Senior Independent Director of Wincanton Plc. He is currently Non-Executive Chairman of BlackRock Emerging Europe plc (investment trust) and ITE Group plc (exhibitions).

Augmentum Our Team

Chairman of the Audit Committee

Karen Brade

Karen Brade has over 25 years of experience in project finance and private equity. Karen began her career at Citibank where she worked on various multi-national project finance transactions. From 1994 to 2004 she was at the Commonwealth Development Corporation, a leading emerging markets private equity firm, where she held a variety of positions in equity and debt investing, portfolio management, fund raising and investor development. Since 2005 she has been an adviser to hedge funds, family offices and private equity houses. She chairs the Audit Committee and is senior independent director of Crown Place VCT PLC, Chairman of Aberdeen Japan Investment Trust PLC and is a non-executive director of Keystone Investment Trust plc.

Augmentum Our Team

David Haysey

Chairman of the Management Engagement and Remuneration Committee

David Haysey has over 35 years of experience in the investment business, working on both public and private equities, and asset allocation. He began 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. Between 2001 and 2005 he was CIO and co-CEO of Deutsche Asset Management’s European Absolute Return business. From 2005 until 2013, Mr Haysey worked for RIT Capital Partners plc, where he was a board member between 2005 and 2008, and head of public equities. He joined the multi-strategy firm Marylebone Partners from its launch in 2013 as head of liquid strategies. He retired in 2017 and is now a non-executive partner and member of the firm’s investment committee.