“The London-listed investment company Augmentum Fintech (LON:AUGM) raised £94 million at its IPO in March and is making good progress towards building up a high quality portfolio of private Fintech businesses in the UK and Europe.

When it was admitted to the market it had a seed portfolio of five holdings with a value of £33.3 million already in place and since then it has added another five for a total consideration of £15 million. There are also several other new investments that are in the final stages of due diligence that will reduce the remaining cash pile of £43.9 million. Despite the high cash weighting the fund has achieved creditable NAV growth of 5.1% over the period from the IPO on 13 March to 30 September.

In the last six months the managers have seen over 350 new investment opportunities and invested in five of them with the largest commitment being a £5.9 million stake in Monese, which provides banking services to people who work abroad and need a local bank account.

These are early days for Augmentum Fintech, but it is an interesting proposition with a unique mandate amongst investment companies. The fund has an experienced management team and some fantastic holdings with loads of potential. It could be one for long-term, risk tolerant investors to tuck away.”

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Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

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 Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.