A new trust aimed at Europe’s fast-growing fintech sector is looking to raise £100mln ahead of a float in London. Augmentum Fintech PLC said the financial services sector is ‘ripe for disruption and disintermediation’ but, unlike other sectors such as retail and travel, this has yet to happen. Europe is at the centre of this disruption due to a confluence of factors including regulation and sector “DNA”, it added.

Augmentum currently has five investments in its portfolio: peer-to-peer lending platform Zopa; precious metals trading platform BullionVault; share trading platform interactive investor; crowdfunding platform Seedrs and family office platform SRL Global.

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