Fidante took a closer look at the growth opportunities for Augmentum Fintech ahead of our annual report:

Augmentum Fintech (AUGM) will publish its first full-year report on 11 June 2019. Since its IPO on 13 March 2018, the company has deployed its capital successfully and is now 73% invested with £15m of cash earmarked for follow-on-opportunities within existing portfolio companies. In 2019, the company has made four additional investments, a £7.5m investment in SME lender iwoca and a £4.0m investment in legal services platform Farewill as well as a £4m investment in Onfido…

As at the last NAV on 30 September 2018, the unrealised annualised IRR on the seed portfolio of 30% was well in excess of the long-term IRR target of 20%, with a 5% uplift in NAV since the IPO. Furthermore, the shares of the company are currently trading at a 4.8% premium to NAV, reflecting the strong investor demand for the company and its future growth opportunities.

We share this optimism about the future growth opportunities for AUGM since the fintech boom continues unabated and traditional financial services companies are increasingly competing in the space to avert the challenge from disruptive start-up companies. This provides a fertile environment for experienced investors who can select the most attractive deals and benefit from long-term increases in deal sizes and valuations.”

 

Read the report here

© 2019 Augmentum Fintech Management Ltd. All rights reserved.

Registered in England and Wales, company no. 11194408

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Rahil Patel

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.

Learn more about Rahil in this blog post.

Georgie Hazell

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 Logan

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 Wiecko

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 Manning

Hayley is Augmentum’s Office Manager and PA. Prior to working at Augmentum, Hayley worked at law firm Stephenson Harwood.

Nigel Szembel

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.