Augmentum Capital is looking to raise up to £125m to launch Augmentum Fintech, a newly established internally managed closed-ended investment company.

While a host of investment trusts deploy money into fintech lending platforms alongside small equity stakes, this is the first dedicated closed-ended fund to invest just into fintechs’ equity.

It aims to give investors exposure to a focused portfolio of fast growing and/or high potential private fintech businesses based predominantly in the UK and wider Europe.

The fund will invest in early but – not seed – and 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, as well as other cross-industry propositions.

It has entered into agreements to acquire five fintechs including stakes in Seedrs, Zopa, BullionVault, SRL Global and Interactive Investor at an aggregate valuation of £33m.

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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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