Augmentum Fintech PLC

Name
Augmentum Fintech PLC
Manager
Augmentum Fintech PLC
Type
Closed Ended Investment Company
ISIN
GB00BG12XV81
Sector
Technology & Media
Launched
13/03/2018
Yield
0 %
Benchmark
Not Benchmarked
Fund Size
£ 131.1 million
NAV
110
Gearing
100
Discount Premium
2
To realise value through exiting the investments over time, the Company invests in early (but not seed) or later stage investments in unquoted fintech businesses.The Company intends to invest in unquoted companies and will ensure that the Company has suitable investor protection rights where appropriate. The Company may also invest in partnerships, limited liability partnerships and other legal forms of entity. The Company will not invest in publicly traded companies.
Holding %
Zopa 22.47 %
Bullion Vault 8.58 %
Monese 6.03 %
Interactive Investor 4.80 %
Tide 3.06 %
Unmortgage 2.55 %
Previse 2.04 %
Duedil 2.04 %
Seedrs 1.94 %
Srl Global 1.53 %
Name
Augmentum Fintech PLC
Address
WC2A 1AL, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Tim Levene
Joined 03/13/2018

Tim began his career at Bain & Co before leaving to co-found Crussh the chain of juice bars. In 1999, Tim became a founding employee at Flutter.com and after it merged with Betfair in 2001, he led the commercial side of the business including launching its international business. In 2010 Tim co-founded Augmentum with the backing of RIT Capital. Tim has been a Young Global Leader at the World Economic Forum since 2012 and is the Digital Advisor to the Royal Foundation. He is a member of the UK Fintech Action Group and is a Global Ambassador for Innovate Finance. Tim was also elected as a Common Councillor (Independent) for the Ward of Bridge in the City of London in 2017 and sits on its Finance, Market and Investment Committees.

Richard Matthews
Joined 03/13/2018

Richard qualified as a chartered accountant with Coopers & Lybrand/PricewaterhouseCoopers LLP before leaving in 1999 to join Tim as an early employee and chief financial officer of Flutter.com where as well as developing the business plan upon which US$24 million of venture funding was raised, he was a key architect of the ground-breaking peer to peer account management system. In 2001, upon the merger with Betfair, he left to become chief financial officer of Benchmark Europe (now Balderton Capital, a venture capital investor in Betfair). In 2005 he became a partner at Manzanita Capital a large US family office and in 2010 he rejoined Tim Levene to co-found Augmentum.

Perry Blacher
Joined 03/13/2018

Perry started his career at McKinsey & Co in 1996, moving to Microsoft 1998 and has spen the last decade as an angel investor in, and advisor to, fintech businesses. Perry is a FinTech specialist, holding advisory or non-executive roles at Fairpoint plc, Barclays UK Google, Onfido, Prodigy Finance, TransferGo and other FinTech businesses. He was an investor at Chase Episode 1 when they invested in Flutter.com and is a venture partner a Amadeus Capital. He was Vice President international at Zulilly from 2013 up to its initia public offering on Nasdaq. He was the founder and chief executive officer of two businesses both sold to public companies (Serum in 2002 and Covestor in 2007). He has a strong network throughout Europe and will give Augmentum improved reach into fintech hubs in Berlin, Scandinavia and the Baltics.

Data provided by Morningstar.

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