Overview
Augmentum Fintech : AUGM enables investors to gain exposure to a focused portfolio of fast growing and/or high potential private financial services technology (“fintech”) businesses based predominantly in the UK and wider Europe to deliver attractive risk-adjusted returns for shareholders.
The company will invest in early (but not seed) or later stage investments in unquoted fintech businesses which are high growth, with scalable opportunities, and have disruptive technologies in the banking, insurance and asset management sectors, including other cross-industry propositions.
Their premise is that the financial services sector is ripe for disruption; yet to happen in the significant way that has been seen in other sectors such as retail and travel. The UK is at the centre of this disruption due to several factors, including pragmatic regulation and sector “DNA”. The management team sees the opportunity to capitalise on the lower valuations of early stage businesses in Europe, as compared to the US. The substantial demand for post-seed venture capital funding in the European fintech market is creating an equity gap The Management Team will use its expertise, experience and networks in the fintech sector to actively drive value creation in its investee companies, stimulating growth, and positively influencing future financing and exits.
Visit the company’s website for more information
Fundamentals
Price
Research History
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12 Jan 2024 1 min read
Interview with Tim Levene from Augmentum
In this week’s show, James Carthew spoke to Tim Levene from Augmentum. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would prefer to watch […]
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07 Dec 2022 64 min read
QuotedData’s Economic and Political Monthly Roundup December 2022
Economic and Political Monthly Roundup Investment companies | Monthly | December 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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02 Sep 2022 1 min read
Interview with Tim Levene from Augmentum Fintech
In this week’s show, Jayna Rana talked to Tim Levene from Augmentum Fintech. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you would prefer to watch and […]
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18 Sep 2020 1 min read
Interview with Tim Levene of Augmentum Fintech
In this week’s show, James Carthew talked to Tim Levene of Augmentum Fintech Watch it again here If you were looking for James Carthew’s roundup of the week’s news, this is now in the news section – just click here If there is a guest speaker you’d particularly like to hear from, please email us – [email protected]. […]
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10 Aug 2020 7 min read
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
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07 Jul 2020 7 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
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08 Jun 2020 7 min read
QuotedData’s Investment Companies Roundup – June 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over May: GCP Infrastructure – […]
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07 May 2020 8 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
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07 Apr 2020 8 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
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10 Jan 2020 5 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
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8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
News
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13 Nov 2024 2 min read
QuotedData’s morning briefing 13 November 2024 – GCP, AUGM, CGT
In QuotedData’s morning briefing 13 November 2024: GCP Infrastructure (GCP) released an investor report for the three month period to 30 September 2024. The company noted that the net asset value was, as previously announced, 105.22 pence per ordinary share adding that it is in active due diligence and negotiations on disposals of material components […]
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01 Nov 2024 3 min read
Jury is out on Reeves’s bumper tax-grab budget
QD view: The budget has been dominating headlines this week. We set the scene and covered the big changes in the budget earlier in the week. The question is, what effect will this have on the UK economy and the trusts that are exposed to it? National Insurance hit to big employers This week’s interview […]
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31 Oct 2024 2 min read
QuotedData’s morning briefing 31 October 2024 – AUGM, NBDX, NBDG, CREI, AIRE, OIG
In QuotedData’s morning briefing 31 October 2024: Augmentum Fintech says nCino, a NASDAQ listed US digital banking platform, has agreed to acquire FullCircl. The deal implies a £6m valuation for Augmentum’s stake, which represents a 75% increase on the last published valuation of £3.4m as at 31 March 2024. Augmentum Fintech first acquired its interest […]
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17 Oct 2024 2 min read
Castlenau’s Dignity buys Augmentum Fintech’s Farewill
Dignity, the UK’s leading funeral services business is owned by Castlenau (see our interview on 4 October). It is buying Farewill, a company in Augmentum Fintech’s portfolio at a valuation for the entire business of £12.9m. Farewill, founded in 2015 by Dan Garrett (its current CEO) and Tom Rogers, offers a range of later-life products, […]
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25 Jun 2024 2 min read
Positive return for Augmentum Fintech despite macro challenges
Augmentum Fintech (AUGM) announced its annual results for the year ended 31 March 2024. The company saw a NAV total return of 5.4% which was driven by net investment return for the year and impact of share buybacks. The share price total return was up 3.6%. The company noted that several of its portfolio companies […]
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07 Feb 2024 1 min read
Augmentum’s Onfido in bid talks
Augmentum Fintech has highlighted an announcement today from one of the companies in its portfolio, Onfido. Onfido has entered exclusive discussions with potential acquirer, US based Entrust, a global leader in trusted payments, identities and data security. If this transaction goes ahead, Augmentum expects that the proceeds will be at or slightly above the current […]
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06 Feb 2024 1 min read
QuotedData’s morning briefing 6 February 2024 – AUGM
QuotedData’s morning briefing 6 February 2024: Augmentum Fintech (AUGM) announced a £4 million investment into London based insurtech Artificial Labs. Augmentum has led Artificial’s £8 million Series A+ round, which also includes participation from existing investors MS&AD Ventures and FOMCAP IV, alongside other investors. Artificial is an established underwriting technology provider for the London Insurance […]
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28 Nov 2023 1 min read
QuotedData’s morning briefing 28 November 2023 – JARA, AUGM
In QuotedData’s morning briefing 28 November 2023: JPMorgan Global Core Real Assets (JARA) announced its interim report for the period ended August 31, 2023. The net asset value total return was -4.6%, whilst total return to shareholders was -7.8%. Underlying asset performance in local currency was +0.7%. Currency was the key negative contributor to company […]
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02 Nov 2023 2 min read
Augmentum updates on three investments – Tide, Zopa and Iwoca
Augmentum Fintech notes successful fundraising developments at three of its portfolio companies: Tide, Zopa Bank and iwoca. Tide Augmentum Fintech has invested a further £4.2m in Tide, (www.tide.co, 14.1% of portfolio), the business banking platform. Tide announced on 20 September that it has reached 10% market share of all UK small businesses, with more than […]
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04 Jul 2023 2 min read
NAV resilient but shares fall for Augmentum Fintech
Augmentum Fintech (AUGM) announced its audited annual results for the year ended 31 March 2023. NAV per share increased by 2.4%, however shares fell 27.1% with the company’s discount widening to 37%. Chairman Neil England commented on the performance, noting: “Shareholders will be fully aware of the significant market volatility throughout the year under review. […]
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22 Jun 2023 2 min read
QuotedData’s morning briefing 22 June 2023
In QuotedData’s morning briefing 22 June 2023: Augmentum Fintech (AUGM) has made a further £5.4m investment into Volt, the real-time payments infrastructure company, as part of Volt’s $60m Series B funding round. The new round implies a value for Augmentum’s existing stake of £17.8m (up £11.4m on the unaudited carrying value as at 30 September […]
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30 May 2023 2 min read
QuotedData’s morning briefing 30 May 2023
JPMorgan China Growth & Income (JCGI) announced its half year report for the year ended 31 March 2023. During this period, JCGI delivered a total return on net assets of 7.9% (in sterling terms), compared to the benchmark return of 7.3%. This positive performance follows a challenging time for the company in the last financial […]
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13 Feb 2023 1 min read
Augmentum gets boost as NatWest buys Cushon
Augmentum Fintech says that NatWest Group has agreed to acquire a majority shareholding in Cushon, one of Augmentum’s holdings. The deal will need regulatory approval. This transaction would represent Augmentum’s fifth successful portfolio investment exit, all of which have been at or above the last reported holding value. Augmentum first invested in workplace savings and […]
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02 Feb 2023 2 min read
QuotedData’s morning briefing 2 February 2023
In QuotedData’s morning briefing 2 February 2023: Ecofin US Renewables’ (RNEW) manager increased its holding in the fund, buying 59,096 shares in the market at an average price of $0.835 in part settlement of its management fee due for the three-month period ended 31 December 2022. It and its associates now hold 346,887 shares. abrdn […]
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21 Sep 2022 2 min read
QuotedData’s morning briefing 21 September 2022
In QuotedData’s morning briefing 21 September 2022: Henderson High Income (HHI) produced returns in line with its benchmark (80% All-Share Index/20% ICE BofAML Sterling Non-Gilts Index) over the six months ended 30 June 2022, both returning -6.1%. It helped that UK equities beat bonds over the period as the trust began the year with an […]
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04 Jul 2022 2 min read
Augmentum Fintech enjoys NAV uplift but share price suffers
Augmentum Fintech enjoys NAV uplift but share price suffers – Augmentum Fintech (AUGM) has posted its final results for the year to 31 March 2022, during which time its NAV per share after performance fee delivered 19%. However, the share price and total shareholder return, down by 16%, did not reflect the strong performance of […]
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07 Apr 2022 2 min read
QuotedData’s morning briefing 7 April 2022
In QuotedData’s morning briefing 7 April 2022: Augmentum Fintech (AUGM) is getting a boost from a series C financing round for Grover (a Berlin-based consumer tech platform). Grover has raised $330m in equity and debt. Augmentum will write up the value of its stake by £24.1m (more than double – Augmentum first invested in Grover […]
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01 Feb 2022 2 min read
QuotedData’s morning briefing 1 February 2022
In QuotedData’s morning briefing 1 February 2022: Augmentum Fintech (AUGM) published an update on its portfolio. One interesting fact is that, while publicly listed fintech companies have fallen from an average 15.2x revenue at end June 2021 to 9.2x revenue in recent months, AUGM’s portfolio is valued on 4.2x. Over the second half of 2021, […]
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03 Dec 2021 2 min read
QuotedData’s morning briefing 3 December 2021
In QuotedData’s morning briefing 3 December 2021: Augmentum Fintech (AUGM) has said that, if abrdn’s proposed acquisition of AUGM’s portfolio company interactive investor goes ahead based on its understanding of the terms of the transaction, this implies a valuation for AUGM’s investment in interactive investor of £42.4 million (30 September 2021: £36.7 million) subject to […]
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22 Nov 2021 3 min read
QuotedData’s morning briefing 22 November 2021
In QuotedData’s morning briefing 22 November 2021: Aquila European Renewables Income (AERI) has achieved a four out of a five-star rating following its GRESB assessment, an investor-driven global ESG benchmark and reporting framework to help evaluate complex sustainability issues. With an overall GRESB Score of 84, the fund scores above the GRESB average of 77 […]
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19 Oct 2021 2 min read
QuotedData’s morning briefing 19 October 2021
In QuotedData’s morning briefing 19 October 2021: Augmentum Fintech (AUGM) is making a £10m investment into Zopa as part of that company’s latest funding round of £220m. The funding round is being led by SoftBank Vision Fund 2 with participation from Chimera Abu Dhabi, and is conditional on regulatory approval. Augmentum is investing alongside other […]
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04 Oct 2021 2 min read
QuotedData’s morning briefing 4 October 2021
In QuotedData’s morning briefing 4 October 2021: Seed Innovations (SEED) has invested a further £150,000 in South West Brands, a London-based company seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The investment is by way of a second 12-month, 8% convertible loan note as part of a […]
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07 Sep 2021 1 min read
QuotedData’s morning briefing 7 September 2021
In QuotedData’s morning briefing 7 September 2021: Augmentum Fintech has made a $10m investment in AnyFin, a Stockholm-based consumer credit refinancing company. Anyfin (www.anyfin.com) was founded in 2017 by former executives of Klarna, Spotify and iZettle, and leverages technology to allow credit-worthy consumers the opportunity to improve their financial wellbeing by consolidating and refinancing existing credit […]
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14 Jul 2021 2 min read
QuotedData’s morning briefing 14 July 2021
In QuotedData’s morning briefing 14 July 2021: Apax Digital Fund, which is backed by Apax Global Alpha, is making an investment in Tide as part of a series C funding round. Tide, a business financial platform offering business accounts and related banking services, as well as a comprehensive set of integrated software solutions, is already a […]
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09 Jul 2021 2 min read
Augmentum Fintech fundraise hits £55m target
Augmentum Fintech (AUGM) has announced the results of its fundraising, which hit its expanded £55m target (originally the capital raise was going to target £40m but, reflecting strong interest and the strength of the company’s pipeline was subsequently extended to £55m). The raise has achieved gross proceeds of £55 million through the issue of 40,590,406 […]
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21 Jun 2021 3 min read
QuotedData’s morning briefing 21 June 2021
In QuotedData’s morning briefing 21 June 2021: JZ Capital Partners (JZCP) has sold its portfolio holding Salter Labs, for approximately $41m. The company’s interest in Salter Labs is currently valued at around $37.6m. Further proceeds of approximately $750,000 have also been placed in escrow whereby some or all, depending on the outcome of certain closing adjustments, […]
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18 Jun 2021 1 min read
QuotedData’s weekly news show 18 June 2021
QuotedData’s weekly news show 18 June 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Augmentum Fintech – Proposed £40m raise Lindsell Train – Why 2021 has disappointed to date Montanaro European Smaller […]
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17 Jun 2021 1 min read
QuotedData’s morning briefing 17 June 2021
In QuotedData’s morning briefing 17 June 2021 – Augmentum Fintech (AUGM) will look to raise £40m as part of an ongoing share issuance programme. AUGM says it has a pipeline of over £1bn across all of its target sectors and geographies, including approximately £194m of opportunities in active development, and as such is well-positioned to continue to […]
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14 Jun 2021 3 min read
Augmentum Fintech looks to grow and amend investment policy to build on strong year
Augmentum Fintech (AUGM) released its annual results to 31 March 2021, as well as announcing proposals to 1) amend its investment policy and 2) issue new ordinary shares and/or C shares in connection with a proposed share issuance programme (including an initial issue of new ordinary shares targeting at least £40m at an expected price of 135.5p). […]
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07 Jun 2021 2 min read
QuotedData’s morning briefing 7 June 2021
In QuotedData’s morning briefing 7 June 2021 – Augmentum Fintech (AUGM) says that it continues to see a strong pipeline of investment opportunities. It is considering the issue of new ordinary shares to fund additional investments, with any potential fundraise likely to follow the publication of an updated NAV. Further details will be announced in […]
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02 Jun 2021 2 min read
QuotedData’s morning briefing 2 June 2021
QuotedData’s morning briefing 2 June 2021 – The Scottish Investment Trust’s (SCIN’s) board is to undertake a review of the future investment management arrangements of the company. In 2015 SCIN adopted a high conviction, global contrarian investment approach. The board’s view at the time was that a period of at least 5 years would be required to evaluate […]
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13 Apr 2021 2 min read
QuotedData’s morning briefing 13 April 2021
In QuotedData’s morning briefing 13 April 2021: Augmentum Fintech (AUGM) has sold its holding in Dext (formerly Receiptbank). The UK-headquartered digital bookkeeping platform is being acquired by Hg (HGT) for £10.5m. The investment was valued at cost (£7.5m) and made Augmentum an IRR of 30.5%. Separately, Augmentum has made a further follow on equity investment of €2m […]
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30 Oct 2020 3 min read
QD view – Money, money, money
We received news on Monday that the planned launch of Buffetology Smaller Companies Investment Trust would not proceed. The statement simply said that overall demand had not been sufficient to meet the minimum gross proceeds. This failure to launch follows hot on the heels of similar news from Tellworth British Recovery & Growth, that we […]
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1 min read
QuotedData’s weekly news show 30 October 2020
QuotedData’s weekly news show 30 October 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: a crossroads for UK Mortgages an unwelcome tender offer for shares in Alternative Income REIT Augmentum raising £28m […]
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2 min read
QuotedData’s morning briefing 30 October 2020
In QuotedData’s morning briefing 30 October 2020 – Augmentum Fintech (AUGM) successfully completed its placing and retail offer, with demand exceeding the issue size. Admission of the new shares to the LSE is expected on 3 November 2020. Tim Levene, CEO of AUGM’s manager, commented: “The success of this fundraise reflects the growing shift in the move […]
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26 Oct 2020 6 min read
Augmentum Fintech announces placing following strong performance over the year-to-date
Augmentum Fintech (AUGM), one of the year’s best-performing investment companies, announced its intention to conduct a placing to raise gross proceeds of up to approximately £28m at a price of 120p. AUGM says that proceeds of the fundraise are to be used to fund investments selected from the company’s near-term pipeline, which currently contains approximately £120m of […]
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06 Oct 2020 1 min read
QuotedData’s morning briefing 6 October 2020
In QuotedData’s morning briefing 6 October 2020: Augmentum Fintech says Seedrs (which was 1.2% of its portfolio at the end of March) is planning to merge with Crowdcube. Also, Tide (11.5% of the portfolio) has been awarded another £25m (on top of the £60m it got in February 2019) of the RBS Alternative Remedies Package (the […]
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16 Jul 2020 1 min read
Augmentum proves resilient in face of crisis
Augmentum proves resilient in face of crisis – Augmentum Fintech has announced results for the year ended 31 March 2020. Over that period, the NAV increased by 5.9% to 116.1p as the portfolio was written up in value by £12.7m. There is no dividend. The shares collpased to trade at a 41.6% discount in the general […]
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24 Jun 2020 1 min read
QuotedData’s morning briefing 24 June 2020
SDCL Energy Efficiency Income (SEIT) announced that after seeing the strong support given to the initial issue of new ordinary shares, announced on 18 June, the issue size has been increased from £60m to £110m. Augmentum Fintech (AUGM) announced that portfolio company, Zopa, has been awarded its full banking licence by the Prudential Regulatory Authority. […]
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16 Apr 2020 1 min read
Augmentum hails successful fundraisings
Augmentum hails successful fundraisings – Augmentum Fintech has highlihted announcements by portfolio companies Onfido and Previse that they have successfully closed fundraisings. Onfido (www.onfido.com), the global identity verification and authentication company, has raised $100 million, led by global investment firm TPG Growth. This funding round implies a value of Augmentum’s holding in Onfido of approximately GBP10.87 million. […]
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24 Mar 2020 2 min read
Augmentum Fintech covid-19 update
Augmentum Fintech covid-19 update – the investment management staff are working from home and the tone of the statement is upbeat, based on the premise that these young companies can more easily adapt to the changed circumstances. In fact, they reckon that over 40% of the portfolio may actually benefit. In addition, the company has […]
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13 Mar 2020 6 min read
QuotedData reflects on Augmentum Fintech’s capital markets day
From time-to-time, QuotedData’s analysts meet a wide range of companies that aren’t clients of our sponsored research service. We figure it makes sense to share some of our thoughts on these companies with you. Here are some observations from a recent capital markets day hosted by Augmentum Fintech (AUGM), at Plaisterers’ Hall, One London Wall. AUGM […]
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03 Jan 2020 1 min read
Augmentum Fintech invests in rapidly expanding bookkeeping platform
Augmentum Fintech (AUGM), the fintech-focused trust, has made a £7.5m investment in Receipt Bank, the UK-headquartered digital bookkeeping platform. AUGM’s investment is part of Receipt Bank’s £55m series C fundraising, led by Insight Partners, with participation from exisiting investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). Receipt Bank one of the 50 fastest […]
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04 Dec 2019 1 min read
QuotedData’s other news 4 December 2019
In QuotedData’s other news 4 December 2019 Augmentum Fintech’s NAV made progress over the six months ending 30 September 2019, rising by 2.4%. This would have been higher but their holding in Zopa took a hit as it raised money to fund an application for a full banking licence. We also have news of higher […]
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01 Oct 2019 1 min read
Augmentum makes first German purchase
Augmentum makes first German purchase – Augmentum Fintech has made its first investment in Germany with a €6 million investment in Grover (http://www.Grover.com/), a German technology rentals platform. Augmentum’s investment leads a €11 million funding round, and coincides with Grover signing a new €30 million debt facility with Varengold Bank, one of Germany’s major fintech banking […]
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25 Sep 2019 1 min read
QuotedData’s other news 25 September 2019
In QuotedData’s other news 25 September 2019: Primary Healthcare Properties raised the £100m it was looking for in just a few hours – issuing 78.125m shares at 128p. All the directors put in more money. Augmentum converted its convertible investments in Tide into shares. The value of this position has risen by £4.2m as a result, […]
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02 Aug 2019 1 min read
Augmentum Fintech invests £5m in Habito
Augmentum Fintech has announced that it has invested £5m in the on-line mortgage broker and lender, Habito. Habito (www.habito.com) says that it searches the whole market (90+ lenders, 20,000+ mortgages) to find its customers the best mortgage based on their circumstances About Habito Habito describes itself as “transforming the United Kingdom’s £1.3 trillion mortgage market […]
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02 Jul 2019 1 min read
Augmentum Fintech raises £25.8m after promising first year
Augmentum Fintech raises £25.8m after promising first year – Augmentum Fintech (AUGM) published its first set of annual results last month, (click here to read this story) and has this morning announced that it has raised gross proceeds of £25.8m through an equity issue. At the end of first yearly results period, to 31 March […]
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14 Jun 2019 2 min read
QuotedData’s other news 14 June 2019
In QuotedData’s other news 14 June 2019: Utilico Emerging Markets has published its annual report covering the year ended 31 March 2019. In a year where the MSCI Emerging Index delivered a zero return, the trust at least managed some positive performance, generating an NAV return of 3.5%. Shareholders also benefited from a narrowing discount. The […]
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13 Jun 2019 1 min read
QuotedData’s other news 13 June 2019
In QuotedData’s other news 13 June 2019 – Augmentum Fintech made follow on investments totalling £8.5m in three of its portfolio companies – Tide, Monese and Duedil. BBGI has topped up its investment in the A1/A6 road project in the Netherlands. The project was part of the Schiphol-Amsterdam-Almere expansion and involved the reconstruction and widening of a […]
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11 Jun 2019 1 min read
Augmentum Fintech off to a good start
Augmentum Fintech off to a good start – Augmentum Fintech has published its first set of accounts covering the period from launch to 31 March 2019. The NAV immediately after launch was 99p, at the end of the period it stood at 109.6p. The shares were trading at a small premium to that level. The […]
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24 Jan 2019 1 min read
Augmentum Fintech takes iwoca stake
Augmentum Fintech takes iwoca stake – Augmentum Fintech has made an investment of GBP7.5 million in iwoca, which Augmentum describes as a challenger SME lender. The new equity will allow iwoca to fund balance sheet expansion and accelerate growth. iwoca (www.iwoca.co.uk) aims to provide fast, flexible source of business finance for all UK and continental European businesses (examples it […]
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21 Jan 2019 1 min read
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 […]
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26 Nov 2018 2 min read
Augmentum releases first results
Augmentum releases first results – Augmentum Fintech has published its interim results for the period ending 30 September 2018. The NAV total return for the period was 5.1%.At the date of the report, the share price was 96.1 pence per share, representing a 7.6% discount to the NAV per share. The directors have resolved not to pay a […]
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11 Sep 2018 2 min read
Augmentum Fintech invests in residential rent-to-own specialist
Augmentum Fintech invests in residential rent-to-own specialist – Augmentum Fintech (AUGM) has announced that it has invested £2.5 million in a UK-based residential rent-to-own specialist called Unmortgage This was part of a £10 million fundraising. Augmentum is participating in the fund raising alongside existing investor Exponential Ventures, and other investors. Unmortgage Unmortgage will offer a part-own part-rent […]
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10 Sep 2018 1 min read
Augmentum Fintech buys Monese stake
Augmentum Fintech buys Monese stake – Augmentum Fintech has announced an investment of GBP5.3 million in UK based fast-growing mobile-only current account provider Monese. Augmentum is participating in this GBP46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time. Monese (www.monese.com) launched in September 2015 as the […]
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20 Aug 2018 2 min read
Augmentum makes three new investments
Augmentum makes three new investments – Augmentum Fintech has announced an aggregate of GBP 7 million of investment in three leading European fintech companies – Tide, Previse and DueDil. GBP3 million in Tide, an emerging leader in SME challenger banking, as part of an GBP8 million funding round alongside existing investors GBP2 million investment in Previse, the global […]
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20 Jun 2024 1 min read
One way to beat the banks
By James Carthew, QuotedData, 20 June 2024: One of the great rules of investing is don’t buy something that you don’t understand. Fortunately, most businesses are reasonably straightforward, but one sector that is riddled with complexity is financials, especially when it comes to the banks, insurance and life assurance companies that make up the majority […]
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08 Mar 2024 2 min read
The investment trusts banking on an IPO rebound
by Dave Baxter, Investors Chronicle, March 8, 2024: With its latest trading update unveiling a fifth straight annual loss, unquoted buy now, pay later business Klarna embodies some of the problems facing racy growth companies in recent times. Once seen as a promising name, the lender has struggled in the face of rising rates and […]
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14 Feb 2024 1 min read
ISA ideas: alternatives to funds and trusts that are flavour of the month
by Jennifer Hill from interactive investor, 14th February 2024: Following the herd doesn’t tend to end well. Throughout history investors’ tendency for herd mentality bias has inflated asset bubbles and driven sharp declines detached from market fundamentals.. Trading on the interactive investor platform highlights half a dozen funds that have climbed the popularity rankings over […]
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02 Jun 2023 1 min read
Everything you need to know about investing in AI
David Brenchley, The Times, June 1 2023: On Monday the chipmaker Nvidia became a trillion-dollar company… Nvidia’s share price is up 164 per cent this year alone. The company said last week that demand for its graphics processors, needed to train AI systems, would bring in $11 billion of revenue in the three months to […]
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15 Feb 2023 1 min read
ISA ideas: alternatives to the most-popular funds and trusts
by Jennifer Hill from interactive investor, 15 February 2023: We ask a range of experts for potential fund substitutes for funds and trusts consistently high in demand, including Scottish Mortgage, Fundsmith Equity, City of London, and Vanguard LifeStrategy. Investing can be a fickle business as money follows the latest trend but analysis of the most-bought […]
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16 Jan 2023 1 min read
Investment trust insider on running last year’s winners
James Carthew: Some 2022 winners are worth holding onto this year I’m uneasy about the resilience of the recent stock market rally. Despite this, I think a few of last year’s big gainers could do well again in 2023. Against a difficult backdrop, only about a third of investment companies generated a positive share price […]
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15 Nov 2021 2 min read
Investment trusts rediscover their roots with a 21st century twist
The listed fund vehicles are financing innovation in clean fuels, space and digital infrastructure Mary McDougall, Financial Times, NOVEMBER 12 2021 Investment trusts seem to be coming full circle. For most of the 20th century, they gradually moved away from their origins as entrepreneurial schemes investing in specific targets, often in Britain’s colonies, to running […]
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21 Jul 2021 1 min read
The four cheap trusts for bargain-hunting investors
Trustnet looks at the investment trusts that are looking cheaper than usual in July. By Rory Palmer, Reporter, Trustnet, 21 July 2021 Henderson Opportunities, Augmentum Fintech and BlackRock Energy and Resources were all significantly cheaper in June, according to QuotedData, and could represent good value for investors today. When a trust trades at a discount or […]
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22 Mar 2021 1 min read
It is possible to invest in nation’s thirst for all things financial
It is possible to invest in nation’s thirst for all things financial – banks, asset managers and financial technology companies are benefiting as people utilise some of their lockdown savings By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:52, 20 March 2021 | UPDATED: 14:47, 21 March 2021 One of the unexpected effects of the pandemic is that we’ve become […]
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12 Feb 2021 1 min read
When it is worth paying a premium for an investment trust
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
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14 Apr 2020 2 min read
The out of favour trusts that are cheap for a reason
The out-of-favour investment trusts that are cheap for a reason Investors on the lookout for investment trust bargains risk catching the proverbial falling knife. Money Observer, April 8, 2020 by Kyle Caldwell Substantial stock market corrections offer brave investors the chance to go bargain-hunting, but the big caveat and trade-off is the risk of catching the proverbial falling knife. […]
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20 Jun 2019 1 min read
Investment Trust Insider on Augmentum Fintech
Investment Trust Insider on Augmentum Fintech – James Carthew: good luck to Augmentum, it may get financial startups right Augmentum Fintech (AUGM) has just published its first set of annual results, covering the period from launch up to the end of March 2019. At that point, it had committed 75% of the £94 million it raised […]
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20 Dec 2018 1 min read
2018 new issue review
2018 new issue review – QuotedData’s James Carthew talks to Citywire’s Jen Hill about 2018’s clutch of new issues Investors were given an eclectic mix of opportunities within alternatives, in contrast to recent years when high-yielding propositions drove the vast majority of launches. The return of private equity and private equity like strategies – Augmentum […]