“In the period from incorporation on December 19 last year to September 30, the fintech venture capital investor had a net asset value total return of 5.1%. At September 30, Augmentum Fintech’s NAV per share was 104p. The company’s net assets at September 30 totalled GBP97.8 million.

The company’s portfolio fair value increased 62% since the company listed in March to GBP53.9 million on September 30 from GBP33.3 million on March 13. The rise in the valuation of peer-to-peer lending platform Zopa and equities investment platform Interactive Investor led to a GBP5 million increase in Augmentum Fintech’s NAV. Augmentum Fintech also made five new investments in the period, selected from 350 potential deals.

“With Brexit on the horizon and the uncertainty it is creating, it is clear to us that young and dynamic fintech businesses are often better placed to respond to these new challenges than the incumbents that they are looking to disrupt. We believe that the UK will remain the epicentre of fintech within Europe. But other European cities will develop strong capabilities in fintech. Accordingly, we will continue to expand our coverage across Europe, especially in Germany, France, Sweden, and the Netherlands.” [Tim Levene]

Augmentum is not afraid to take a contrarian stance and look for value in fintechs that have not fulfilled their early promise and potentially lofty valuations.”

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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 Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.