Augmentum invests £7.5m into digital bookkeeping platform Receipt Bank
We are delighted to announce our first investment of 2020, £7.5m into digital bookkeeping platform Receipt Bank. Read the full announcement here and hear Tim Levene explain why the team are backing the company below...
Habito launches Habito Go
Mortgage Introducer wrote the following about Habito's new service. "Habito has launched ‘Habito Go’, a home-financing service designed to give first-time buyers the advantages and negotiating power usually only enjoyed by cash buyers. With Habito Go, buyers are able...
Onfido Co-Founders named in Business Insider’s UK Tech 100: The 100 most influential people shaping British technology in 2019
Onfido Co-Founders Eamon Jubbawy, Husayn Kassai and Ruhul Amin have been named in the UK Tech 100: "The 100 most influential people shaping British technology in 2019". "Husayn Kassai, Eamon Jubbawy, and Ruhul Amin are the founders of Onfido, an AI-powered...
Fintech Magazine Profiles Monese
Fintech Magazine featured Monese in this article from 11th October 2019. "Monese was founded in 2013 by Estonian entrepreneur, Norris Koppel. The bank employs around 200 people, which according to Financial News is due to go up to 500 by the end of the year. The firm...
DueDil partners with Metro Bank
Metro Bank are boosting their SME offering with new fintech partnerships with Funding Options, Conance and Augmentum portfolio company DueDil. "In 2020, Metro Bank will deploy DueDil’s predictive company intelligence platform for a speedier account opening process,...
Challenger bank Tide raises £44m from Japanese investment giant SBI
The Telegraph featured Augmentum portfolio company Tide on 6th October: "An arm of a Japanese investment giant has poured tens of millions of pounds into challenger bank Tide as the lender prepares for a major hiring spree. Japan’s SBI, an early spin-off from...
This is Money on Farewill: “Fixed-fee £595 probate service seeks to undercut lawyers and banks hitting the bereaved”
This is Money featured Augmentum portfolio company Farewill on 4th October: "A fixed-fee probate service aimed at under-cutting banks and solicitors that charge a percentage of an estate has been launched by online wills specialist Farewill." Read the full article...
Augmentum invests €6m in German technology rentals platform Grover
We are delighted to announce our first investment in Germany, a €6 million investment in German technology rentals platform Grover. Augmentum’s investment leads a €11 million funding round, and coincides with Grover signing a new €30 million debt facility with...
Tide reaches 100,000 members
A year and a half after launching, Tide has signed up 100,000 members. See Tide's announcement on the milestone and learn about some of their customers here. Read The Telegraph's article on the announcement here.
Farewill: How we raised our Series A
Investment Week wrote about Augmentum portfolio company interactive investor‘s acquisition of Alliance Trust Savings (ATS):
“The completion of the acquisition, which was first announced in October 2018 and included the Alliance Trust office building in Dundee, brings together the two largest fixed-price retail investment platforms with combined assets under administration (AUA) of £36bn and some 400,000 customers.
Tide and Monese named in LinkedIn’s ‘Top 25 UK Startups’
Investment Week wrote about Augmentum portfolio company interactive investor‘s acquisition of Alliance Trust Savings (ATS):
“The completion of the acquisition, which was first announced in October 2018 and included the Alliance Trust office building in Dundee, brings together the two largest fixed-price retail investment platforms with combined assets under administration (AUA) of £36bn and some 400,000 customers.
Investors Chronicle: Fintech’s Big Bang
Investors Chronicle featured Augmentum in this article from 5th July. "It’s not clear retail investors can get much exposure to most hyped fintech companies, even if they wanted to... This poses a “real threat to retail investors”, says Tim Levene of Augmentum Fintech...
interactive investor completes acquisition of Alliance Trust Savings
Investment Week wrote about Augmentum portfolio company interactive investor‘s acquisition of Alliance Trust Savings (ATS):
“The completion of the acquisition, which was first announced in October 2018 and included the Alliance Trust office building in Dundee, brings together the two largest fixed-price retail investment platforms with combined assets under administration (AUA) of £36bn and some 400,000 customers.
Monese announce free Premium accounts for refugees
In celebration of Refugee Week, Monese were proud to announce an ongoing project to support refugees across the UK.
“We’re committed to giving out our Premium plan to refugees (usually £14.95 a month) for free, for life. The Premium plan waives all transaction fees, granting our customers entirely free current account facilities.
The fintechs coming to fix business banking, compared
Small business banking is broken. Now the race is on to fix it – but who has a head start?
Two awards for Zopa at the Moneywise Customer Service Awards 2019
Zopa won the award for ‘Most Trusted P2P Platform’ at the Moneywise Customer Service Awards, and were highly commended in the ‘Most Trusted Loans Provider’ category.
Previse win ‘Finance Technology of the Year’ at the National Tech Awards
One fintech that’s feeling some UK establishment love is Onfido, a London-headquartered digital identity company that’s just made it through to the next round of the FCA’s global sandbox.
Onfido: FT’s fintech ‘one to watch’
One fintech that’s feeling some UK establishment love is Onfido, a London-headquartered digital identity company that’s just made it through to the next round of the FCA’s global sandbox.
Supplier payments’ “decades old” culture in desperate need of innovation
Fintech innovation is overhauling the supplier payments sector before another Carillion-style disaster occurs, according to Paul Christensen, CEO and founder of machine learning supplier payments firm Previse.
Banking challenger Monese tops 1m customers
The banking app, which counts Monzo, Revolut and Starling Bank among its rivals, said over 3,000 people are now joining Monese every day across its dual UK and European current accounts.
