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Augmentum takes stake in Farewill

Augmentum takes stake in Farewill – Augmentum Fintech has made an investment of £4.0m in Farewill Limited, which descrobes itself as “the all-in-one financial and legal services platform for dealing with death.”

Augmentum is leading the £7.5 million Series A fundraising alongside existing and new investors including dmg ventures, SAATCHiNVEST, and Kindred Capital. Farewill (www.farewill.com) offers online will-writing, will management and probate services. It aims to be the first major consumer brand in death services. This investment round will enable Farewill to expand its team. It is important to Farewill that its customers benefit from having a specialist at the end of a phone or live chat, at any time of the day, seven days a week.

Tim Levene, of Augmentum Fintech, said: “Securing pre and post-death services is an archaic and painful process. There is little competition in a sector untouched by digital, with inefficiencies and pricing that reflect these market characteristics. There is a considerable opportunity in this space where Farewill are incredibly well positioned”.

AUGM : Augmentum takes stake in Farewill

 

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