Investment Trust Insider on Augmentum Fintech
James Carthew: Augmentum’s mature focus stands out
I regularly moan that the UK market is not very good at financing early stage British businesses. However, in March this year, we saw the launch of a new fund dedicated to supporting the burgeoning fintech industry in the UK, Augmentum Fintech (AUGM).
The fund is managed by a team led by Tim Levene, Richard Matthews and Perry Blacher. They were involved with setting up and growing Flutter.com, an online gaming company that merged with Betfair in 2001. The incredible success of that company, eclipsing established players such as Ladbrokes and Coral, is quite a good example of the disruptive power of new technology. The team hope to repeat that success in areas such as pensions, insurance and banking.