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About the company
Augmentum Fintech plc is a United Kingdom-based investment company. The Company invests in early and later-stage fintech businesses that are disrupting the banking, insurance, asset management and financial services sectors. The Company’s investment objective is to generate capital growth over the long term through investment in a focused portfolio of fast-growing and/or high-potential private financial services technology (fintech) businesses based predominantly in the United Kingdom and wider Europe. In order to achieve its investment objective, the Company invests in early or later-stage investments in unquoted fintech businesses. The Company may also invest in partnerships, limited liability partnerships and other legal forms of entity. Its portfolio includes Grover, Tide, Zopa, Onfido, Cushon, Monese, Gemini, BullionVault, AnyFin among others. Augmentum Fintech Management Limited is the portfolio manager of the Company.
- Revenue in GBP (TTM)12.39m
- Net income in GBP6.83m
- Incorporated2017
- Employees11.00
- LocationAugmentum Fintech PLC4 Chiswell StreetLONDON EC1Y 4UPUnited KingdomGBR
- Phone+44 20 3961 5420
- Websitehttps://augmentum.vc/
Profile
| Management group(s) | Augmentum Fintech PLC |
|---|---|
| AIC sector | Financials & Financial Innovation |
| ISIN | GB00BG12XV81 |
| Launch date | 13 Mar 2018 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
In order to achieve its investment objective, the Company invests in early or later stage investments in unquoted fintech businesses. The Company intends to realise value through exiting the investments over time. The Company seeks exposure to early stage businesses which are high growth, with scalable opportunities, and have disruptive technologies in the banking, insurance and wealth and asset management sectors as well as those that provide services to underpin the financial sector and other cross-industry propositions.
Managed by
| Tim Levene, Richard Matthews, Perry Blacher, Martyn Holman |
|---|
Management & contract fees
An annual fee of 1.5% of the NAV, falling to 1% in excess of GBP 250m. Incentive fee is 15% of the net realised cash profits from the investments and follow-on investments made over the relevant period once the company has received an aggregate annualised 10% realised return on investments.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Proven Growth and Income VCT PLC | -5.14m | -9.09m |
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| India Capital Growth Fund Ltd | 144.00k | 38.61m |
| British Smaller Companies VCT2 PLC | 11.11m | 6.69m |
| ProVen VCT plc | 1.01m | -2.86m |
| Lindsell Train Investment Trust PLC | 54.00k | -1.83m |
| Strategic Equity Capital PLC | 29.71m | 27.29m |
| JZ Capital Partners Limited | -12.69m | -25.50m |
| JPMorgan Japan Smll Cap Grwth & Inm PLC | 7.67m | 4.58m |
| Invesco Select Trust PLC | 18.06m | 15.53m |
| Symphony International Holdings Ltd | 9.79m | -81.49m |
| Augmentum Fintech PLC | 12.39m | 6.83m |
| Oryx International Growth Fund Ltd | 36.65m | 33.52m |
| Unicorn AIM VCT plc | -5.67m | -10.59m |
