Citywire wrote about Augmentum in this article from 17 June:

Augmentum Fintech (AUGM), the £106 million venture capital investment trust backing peer-to-peer lender Zopa and stockbroker Interactive Investors, is looking to raise £30 million in its first share issue since spinning off from RIT Capital Partners in March last year.

Private and institutional investors are being offered a chance to buy 26.8 million new shares in Augmentum at 112p, a 2.2% premium to their net asset value at the end of March and a 0.9% discount to the closing price of the company’s existing shares last Thursday before it announced the placing.

The initial placing, offer for subscription and intermediaries offer may be enlarged to 44.6 million shares or £50 million if there is sufficient investor demand, the company said.

Augmentum, in which the Rothschild-family backed RIT Capital still holds a 13.6% stake, specialises in investing in fast-growing fintech companies before they reach the stock market. In addition to Zopa, its largest holding at 28% of the portfolio, and Interactive Investor, at 13%, it holds stakes in small business lender iwoca and Monese, a banking service for internationally mobile customers.


Read the full article here  

© 2019 Augmentum Fintech Management Ltd. All rights reserved.

Registered in England and Wales, company no. 11194408

Back To Top

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.