News Alternative Lending Digital Banking Savings And Investment

Augmentum plots another fundraise for more fintech investments

The Zopa, Tide and Habito backer is looking to raise more cash.

a group of people sitting on a couch

Augmentum Fintech.

Ahead of its results next week, listed fintech investor Augmentum Fintech has disclosed that it is considering another public market fundraise in the coming months.

As a reminder, Augmentum raised just shy of £28m in October 2020 and since then has participated in several funding rounds, including those of Grover, Cushon and Epsor

This morning Augmentum said that it: “continues to see a strong pipeline of investment opportunities. There is enduring demand from fintechs for patient capital from investors with sector focus and expertise in the market.”

At this stage, the investor says it is “considering” issuing new ordinary shares to fund more investments.

“Such a fundraise would follow the publication of an updated net asset value of the Company and a prospectus.”

More details will be announced “in due course” says Augmentum, with obviously the group’s results next week being a prime moment.

In April, Augmentum saw one of its earliest portfolio companies Dext (formerly Receiptbank) acquired by Hg, turning the investor’s original £7.5m investment into £10.5m.

Companies In This Article


More Like This