This is Money wrote about Augmentum Fintech’s approach and expected level of success:
“The fund invests savers’ money in a variety of fast-growing, privately owned financial technology businesses.
These so-called fintech firms, which investors wouldn’t be able to reach through the stock market, offer customers digital access to traditional banking products and services.
What does the manager invest in?
Tim Levene [and the Augmentum team] searches through hundreds of companies to find the winners and disruptors. The portfolio is made up of 15 companies, with some well-known names like Interactive Investor, Seedrs and Zopa.
Augmentum also aims to be actively involved with the companies, to help them develop.
What do the experts like?
Anthony Leatham, an analyst at Peel Hunt, says: ‘We believe the odds are stacked in Augmentum’s favour, based on our assessment of the manager’s skill, the experience of the advisory board and the exceptional network they have built to source and filter ideas.'”
Read the full article here