I am often asked what the key attributes are that we look for in Fintech businesses. Picking a future “unicorn” is far from an exact science, and the earlier you invest the greater the risk you are taking on.

If we were to invest in 20 “Series A” companies in our next fund, statistically, we would expect 6-7 of them to generate the return required to deliver our investors a great outcome. They would have to compensate for those that have not fulfilled their potential. Assuming we pick the right cohort, we will have engaged with over 2000 companies to get to that point.

Our future is contingent on ensuring we filter our pipeline effectively, but also to make sure that those we work with are businesses we can truly add value to. It is inevitable that we will reject businesses that will become great successes, and one only needs to look at Bessemer Ventures’ “anti-portfolio” to emphasise that point.

We are looking for disruptive Fintech businesses with great potential, that can truly scale to become leaders in their space. It is often not the idea that we reject, but the approach that the start-up is taking, or more likely that the team seemingly lacks the right blend of experience to deliver an incredibly ambitious idea that requires seamless execution.

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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.

Akash Bajwa

Akash is an Investment Analyst at Augmentum Fintech. Prior to joining Augmentum, Akash worked at the Cass Entrepreneurship Fund, Barclays Ventures and Deloitte. Akash studied Accounting and Finance at Cass Business School.

Outside of work, Akash enjoys writing a blog on trends in technology and venture capital and volunteering for networks that support more investment in impact-driven companies in the private markets. Akash always looks forward to reading great books and playing tennis with friends as a way to unwind.

 

Learn more about Akash in his ‘Meet the Team’ blog here.