Augmentum Fintech

Yesterday, we held our sixth annual Capital Markets Day, bringing together 100+ institutional investors and analysts for the morning, in the heart of the city. The event featured presentations from Augmentum Fintech CEO Tim Levene and Principals Ellen Logan and Reginald de Wasseige, Innovate Finance CEO Janine Hirt, and seven of our portfolio CEOs: 🎤 David King - Founder & CEO Artificial Labs 🎤 Christoph Rieche - Founder & CEO iwoca 🎤 Dr. Oliver Prill - CEO Tide 🎤 Dan Garrett - Founder & CEO Farewill 🎤 Nigel Purves - Founder & CEO Wayhome 🎤 Blair Hawthorne - Founder & CEO LoopFX 🎤 Steve Hulme - CFO Zopa Bank Thanks to all those who joined us - a few highlights from the morning below 👇

As 2024 draws to a close, we’re reflecting on the past year. Highlights have included: 📣 Welcoming two new team members to the investment team, Jessica Frydling and Brandon Mhangami, and Augmentum Fintech Plc Chairman William Reeve 📣 Adding three new companies to the portfolio: Artificial Labs, LoopFX and Pemo 📣 Celebrating portfolio milestones, including Tide reaching 10% UK SME banking market share, Zopa Bank announcing its first annual profit since launch and BullionVault client holdings reaching $5.2 billion 📣 Four portfolio companies acquired, including FullCircl by nCino, Inc., Onfido by Entrust, Monese by Pockit (subject to regulatory approval) and Farewill by Dignity Funerals Ltd (subject to regulatory approval), taking realisations since 2018 IPO to £99 million 📣 Bringing together leaders across the fintech ecosystem, from our annual Capital Markets Day to intimate roundtable discussions It is our privilege to work with such inspiring startups, investors and wider ecosystem supporters innovating within the financial services industry. We look forward to working hard to identify and support the next wave of fintech success stories into 2025 and beyond. Read our extended end of year round-up here: https://lnkd.in/gUnjHGTA

📣 Augmentum Fintech portfolio company Zopa Bank has raised €80m ahead of its flagship current account launch in 2025. The funding will also be used to launch a pioneering GenAI proposition that reinvents how people interact with their money. The round was led by A.P. Moller Holding, with participation from other investors including Augmentum Fintech. Since launching its bank in 2020, Zopa Bank has attracted more than £5 billion in deposits and has lent out over £10 billion. Congratulations to the Zopa Bank team on another impressive milestone! Read more via Tech.eu: https://lnkd.in/e5g7E2YV Jaidev Janardana

Tulip Siddiq recently said, “The UK fintech sector is a powerful engine for economic growth. I want to work with the sector to unleash its potential – driving innovation, boosting investment and supporting financial inclusion”. The UK has a clear competitive edge when it comes to fintech and the past few weeks have seen the Augmentum team involved in various events across the policy space, including: - Tim attended the The Financial and Professional Services annual dinner at Mansion House, the International Investment Summit and hosted a fintech ‘Teach In’ at HM Treasury - We hosted a fintech policy-focused dinner at our offices with leaders from across the founder, investment and policy space, including representatives from the Department for Business and Trade Katie Ramsey, All-Party Parliamentary Group on FinTech Samantha Niblett MP and current and former Augmentum portfolio company CEOs David King, Jeff Lynn. - Georgie attended the recent APPG on Fintech: Access to Capital and Markets, discussing access to capital for fast-growth fintech startups and scaleups. See a selection of photos from the events below 👇

Earlier this week, Augmentum’s Johnnie spoke at the first FinTech Wales Investment Conference on the panel ‘what are VCs and angel investors looking for and how to get investor ready’ alongside Sophie Winwood, Claire Mongeau and Simon Bell. The conversation covered: 🎤 The state of fintech funding in 2024, and what's to come in 2025 🎤 What VCs are looking for, from key metrics to hit to how to build strong relationships 🎤 How early stage startups can access funding, and how to determine the most appropriate sources of capital given stage and profile Thank you FinTech Wales for having us - we're looking forward to the next! See more about the day here: https://lnkd.in/eE8VPxVS

As we step into 2025, our global CEO Dr. Oliver Prill reflects on a transformative 2024 and looks ahead to the next 12 months: “2025 promises to be another exciting year, with a real focus on ever greater connectivity so our members can access more and more services, and saving ever more time and money. “ In 2024 we achieved: ⭐ One million members in the UK, India and Germany ⭐ UK: 11% market share with 650,000 members ⭐ India: 450,000 members in under two years ⭐ Germany: launched in our third market, while focusing on diversifying our product range ⭐ Expanded leadership with senior hires to drive scale ⭐ Over 2,000 Tideans in the UK, India, Bulgaria and Serbia For 2025? 🚀 Continued internationalisation at scale, with member growth at core 🚀 Connectivity and diversification: more products and features in all our markets so our members can save time and money 🚀 Continued commitment to Women in Business and Net Zero for our members After a game-changing year for Tide in 2024, we look forward to welcoming in the new year… https://bit.ly/4fQFrks

Calling all fintech founders 📣 Augmentum's Johnnie Martin will be speaking at the upcoming SHIFT Open Finance Community panel 'Navigating Fundraising Challenges for Fintech Companies' next Wednesday morning. The event will bring together experienced voices in fintech to explore the unique hurdles fintech founders face when raising capital, from regulatory complexities to investor expectations. Sign up here: https://lu.ma/ur08yy5u

This morning we announced the Augmentum Fintech plc Interim Results for the six months ended 30 September 2024. Highlights included: - The top 10 holdings represent 77.5% of NAV, have an aggregate revenue of £1.25 billion and year-on-year revenue growth of 52%. - Seven exits since inception, realising an IRR of 38.4%. Average premium to the last reported valuation of 33%. - The asset value of the top four positions (Tide, Zopa Bank, Volt and Grover) plus cash exceeds the market capitalisation. Listen to Tim Levene talk through the highlights in the video below, and read the full report here: https://lnkd.in/eHbZbxw2 Read the RNS here: https://lnkd.in/eEZ2WyDB

It was a pleasure to host the launch of Innovate Finance's 9th Women in Fintech Powerlist last night at the Augmentum offices. Thank you to the fantastic panellists that joined us: our very own Conny Dorrestijn Prins, Samina Hussain-Letch (Square), Agata Leliwa Nowicka (Female Foundry) and moderator Hannah Dobson (KPMG). The Powerlist is an opportunity to celebrate some of the exceptional work and accomplishments women are making across the fintech and financial services space. Applications are now open here: https://lnkd.in/ghiumWeN

🚀 Exciting News! Applications for the Women in FinTech Powerlist 2024 are officially OPEN! 🚀 This is your chance to join a dynamic community that celebrates and supports the incredible women driving innovation in FinTech and Financial Services 💼✨ The Powerlist will highlight 250+ outstanding women across 8 categories, with special recognition for the Standout 45, who are creating a lasting impact in the industry 🌍💡 👉 Apply or Nominate Today https://hubs.ly/Q02Z1v3d0 🎉 Don’t miss tonight’s Women in FinTech Reception, hosted by Augmentum Fintech. Celebrate the launch with us and secure your spot here: https://hubs.ly/Q02Z1sQD0. Let’s champion innovation, inclusion, and empowerment in FinTech together 🌟 Thanks to KPMG OpenPayd Zilch Zopa Bank for sponsoring 🙏🏻 #WomenInFinTech #FinTechInnovation #InclusiveFinance #EmpoweringWomen #VoiceOfFinTech