Interim Report for the six months ended 30 September 2021
The Augmentum Fintech plc Interim Results for the six months ended 30 September 2021 were released this morning. Listen to Portfolio Manager Tim Levene talk through the highlights below, and read the full report here.
Meet the Team: Sarah Angeloz
We are delighted to welcome Sarah Angeloz to our team, as our Portfolio Analyst. Learn which Augmentum portfolio company Sarah has (coincidentally) worked with in the past and what she finds most interesting about the fintech ecosystem in our latest ‘Meet the Team’ feature.
Financial Times on Investment trusts rediscovering their roots
Financial Times featured Augmentum Fintech in their latest piece on Investment trusts. “Investment trusts seem to be coming full circle…Today, they are raising record sums to fund a new wave of innovation in a period of rapid technological change…”
Zopa raises £220 million in their latest funding round
We are pleased to be further supporting Jaidev Janardana and the Zopa team with a £10m investment as part of their £220m round, led by SoftBank. The funding will further support their plan to help even more UK consumers improve their financial health and access great borrowing and saving products.
Interning at Augmentum: Sivert’s Experience
Last month we hosted Sivert Rossnes Foss, a student from world-renowned Oslo-based BI Norwegian Business School, for a week-long internship. Learn about the projects and events Sivert got involved in.
Augmentum Fintech announces investment in Wematch
Augmentum Fintech has invested in capital markets trading platform, Wematch with participation from Deutsche Börse, Illuminate Financial and J.P. Morgan.
The Fintech Show: Tim Levene on future winners in fintech
Augmentum Fintech CEO Tim Levene spoke to Citywire Ian Horne about how to spot the future winners of fintech on the The Fintech Show podcast.
DueDil and Artesian announce strategic partnership
DueDil announce a new Strategic Partnership with Artesian Solutions, bringing together two of the UK’s leading FinTechs to transform the ability of the UK FSI Sector to find the right customers, onboard them quicker and keep them for life.
Monese enter new partnership with Investec
Monese and Investec have established a partnership to launch a digital current account in Britain. Investec will adopt Monese’s technology, offering digital banking to its existing wealthy customers before the launch of business accounts.
New investment in Anyfin
We are pleased to have invested in Anyfin in their Series B round. Anyfin leverages technology to allow credit-worthy consumers the opportunity to improve their financial wellbeing by consolidating and refinancing existing credit agreements with improved interest rates, as well as offering smart budgeting tools.
Grover reaches €100 million in Annual Recurring Revenue
Congratulations to Grover for reaching €100 million in Annual Recurring Revenue. An amazing achievement from the Grover team! A big win for the circular economy as more people embrace a more sustainable way to use technology through flexible access. Read more here.
David Kempton: “My must-have trusts for the global recovery”
‘Augmentum Fintech is one of Europe’s leading venture capital investors focusing exclusively on the fintech sector’, says David Kempton in his latest piece for Citywire.
Investors’ Chronicle: “Profit from the UK fintech boom”
Investors’ Chronicle explores the boom in late-stage venture in fintech and how investment trusts provide access to the market in their latest article.
Wayhome launch Gradual Homeownership
Wayhome has officially launched their ‘Gradual Homeownership’ model which aims to help aspiring homeowners who are unable to obtain a traditional mortgage to buy a home get on the housing ladder
MoneyWeek: “Augmentum Fintech – a buying opportunity for sceptics”
‘The trust has returned nearly 45% and has issued additional equity to double in size. The recent 15% drop in the share price provides a great opportunity for the sceptics to jump aboard.’
Grover raises $1 billion in new funding deal to democratise access to consumer tech
Congratulations to Grover as they announce raising $1 billion in financing, the largest financing round for a startup within the circular economy space.
Investment Week: “Crypto at ‘the point of no return’ according to the Augmentum trust”
Augmentum CEO Tim speaks to Investment Week for their latest piece to discuss the substantial changes he has seen within the fintech sector.
The Guardian: “UK fintech sector hits multibillion-pound peak of investor interest”
‘British fintech firms continue to attract huge amount of international investment…this is due to London’s continued strength as a financial centre where most business is done in English, its access to top tier universities, a diverse talent pool, and strong support from regulators and government’, says Janine Hirt, CEO of Innovate Finance.
Augmentum Fintech strengthens partnership with Tikehau Capital
We are delighted to announce our partnership with the global alternative asset management group, Tikehau Capital, who have €29.4 billion of assets under management (as of 31 March 2021) plus developed a wide range of expertise across four asset classes (private debt, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies.
AltFi: “How Habito is planning to move beyond mortgages”
‘Habito One is finding traction amongst groups like older homeowners, those in their 50s who are looking for total repayment stability during the remainder of their mortgage’, says Dan Hegarty.