Online capital formation and more traditional funding methods continue to converge as Seedrs, a leading UK investment crowdfunding platform, has provided access to the Augmentum Fintech initial public offering (IPO) on the London Stock Exchange.

The £100 million IPO saw more than £500,000 of investment orders from Seedrs investors within the first 24 hours, topping the initial target for the platform. As it stands presently, 191 Seedrs investors have participated raising £574,000. Augmentum Fintech, a Fintech focused venture fund, revealed its intent to list shares just last week as RIT Capital, a fund chaired by Jacob Rothschild, indicated it would invest £10 million into the company. The RIT Capital Management team will invest £2.7 million in a fund that expects to raise £100 million.

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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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