“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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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.