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Augmentum Fintech

Augmentum Fintech

Venture Capital

Augmentum Fintech invests in fast growing unquoted fintech businesses that are disrupting the financial services sector.

Portfolio

11

companies


Portfolio companies

Artificial Labs

Artificial Labs

Artificial Labs develops algorithmic underwriting technology for the insurance market.

Volt

Volt

Volt builds the global infrastructure for real-time payments.

W

Wayhome

Wayhome offers a gradual homeownership model for residential property buyers.

Previse

Previse

Previse provides data-driven working capital finance solutions for small and medium-sized enterprises.

C

Cushon

Cushon operates a workplace savings and pensions platform focused on mobile access and sustainable investments.

Zopa

Zopa

Zopa provides digital banking services, loans, and savings products to consumers.

Habito

Habito

Habito provides digital mortgage brokerage and lending services to simplify homebuying in the UK.

F

Farewill

Farewill modernises the death and bereavement sector with digital wills, probate, and funerals.

RB

Receipt Bank

Digital accounting platform that automates financial data management for accountants.

Tide

Tide

Tide operates a digital business financial platform for small enterprises.

O

Onfido

Onfido provides digital identity verification and authentication through artificial intelligence.


Team

TL

Tim Levene

CEO

PB

Perry Blacher

Augmentum Partner

Rd

Reginald de Wasseige

Principal


Recent investments

Series A
£8.0M

The investment round was led by Augmentum Fintech with backing from existing investors.

"Our latest funding round is a testament to the exciting work we're doing at Artificial. We are thrilled to have the expertise and support of the Augmentum team and our committed existing investors on this next phase of our journey."
— David King, Co-CEO and Co-Founder
Series B
£47.0M

The Series B round was led by IVP to support expansion into APAC and the Americas.

"Testament to our progress and our vision for real-time payments everywhere, we’re thrilled to be working with our new partners at IVP, joining their portfolio of leading global brands. We’re staying focused, and humble, as we embark on this next chapter."
— Tom Greenwood, CEO
Series A
£8.0M

The Series A financing will support the property firm as it scales its gradual homeownership operations and aims to break even.

"Due to the way that the Gradual Homeownership model works, the rising interest rates seen since September’s controversial mini-budget have delivered even greater demand for our product. With the recent ending of the Help to Buy scheme there are now hundreds of thousands of would-be homeowners seeking alternative ways to access the property ladder. This significant raise will fuel our ambitions to double the pace at which we can help new homeowners within 12 months."
— Nigel Purves, CEO
Series A
£35.0M

The funding round was provided entirely by existing investors Augmentum Fintech and AshGrove Capital to support the acquisition of the Creative auto-enrolment scheme and scale operational capability.

"Our mission is to offer UK savers a convenient, climate-friendly, and great value way to save, through a combination of cutting-edge technology and socially responsible investments. Right now, workplace pensions are simply too complicated, boring, and disconnected from things people care deeply about. Cushon is here to change that, and today’s announcement is a hugely significant milestone for us. The funding will continue to fuel Cushon’s growth, enable us to scale even faster, and accelerate some exciting new features within our app."
— Ben Pollard, CEO and founder
Series D+
£220M

The digital bank has raised £220m in a round led by Softbank Vision Fund 2 to back its ongoing expansion.

"We believe Zopa’s fast-growing market penetration reflects high customer demand for adaptable financial services within a usable platform that can be customized to their specific needs. Zopa is fast emerging as a leading player in the UK’s nascent neo banking sector and we are proud to partner with Jaidev and the team on this journey."
— Sourav Sen, investor
Series A
£16.8M

EQT Ventures led the financing round alongside participation from Augmentum Fintech and Fuel Ventures.

"Instant payments are set to dominate the global payments landscape and will become the new normal. It’s an exciting time to be in payments, and we are delighted to have secured such a significant funding round, and the backing of an influential group of investors. We look forward to working with our new partners at EQT Ventures as we build out our global vision."
— Tom Greenwood, CEO
Series A
£26.0M

Augmentum Fintech led the £6m equity raise alongside a £20m credit facility from AshGrove Capital to fund expansion and acquisitions.

"Following our entry into the pensions market last year, and launch of the world's first net zero pension, we've been keen to bring our unique technology-led proposition to as many employees as we can, as quickly as we can. This raise has the right balance of lending and equity to enable us to do just that. We are delighted to welcome the team at WPT to our expanding family and to have the support of such experienced investors to help us continue on our journey."
— Ben Pollard, CEO and founder
Series C
£35.0M

The Series C round was led by Augmentum Fintech, SBI Group and mojo.capital to support continued company growth.

"At Habito, we’re on a mission to make mortgages easier for anyone who wants to own a home in the UK. For too long, the odds have been stacked against customers who still have to put up with poor service, uncompetitive products and punishing loyalty penalties. The tide is turning on traditional home financing and we’re here to usher in a new future of home financing that combines the very best of human expertise with the efficacy of technology and reduces cost, stress, time and friction for all."
— Daniel Hegarty, CEO and founder
Series B
£20.0M

Highland Europe leads a £20m Series B round in Farewill to fund UK expansion and product development.

"Dealing with death is one of the hardest parts of life, and we started Farewill to take some of the pain out of the process. The latest investment from Highland Europe shows their conviction in our vision for fairer, more transparent services in this space. It means we can build on what we’ve started, growing our world-class team and designing easy-to-use tools that help people during incredibly tough times. We’ll also carry on raising millions in pledged legacy income for the third sector, and we’re aiming to get to £1 billion by 2023. There’s a real need for change in this industry and we’re really proud to be leading it."
— Dan Garrett, CEO
Series C
£55.0M

Insight Partners led the Series C round, which included participation from Augmentum Fintech, Kennet Partners, and CIBC.

"The addition of Augmentum alongside our current investors, Insight, Kennet and CIBC, strengthens our board and will help us meet our ambitious growth goals, following a stellar 2019."
— Adrian Blair, CEO
Series B
£44.1M

The Series B round was led by The SBI Group and Augmentum Fintech to support UK market expansion and international growth.

"Tide's rapid growth, alongside the quality of its products and services used by its growing army of members, is hugely exciting. For more than a decade, we have been establishing an internet-based financial ecosystem to drive growth through the aggressive use of new technology. Tide fits perfectly into that ecosystem and shares our approach to business which is to be customer-centric, and innovative to create value."
— Yoshitaka Kitao, President and CEO
Series C
£38.3M

The Series C financing was led by SBI Investment and Salesforce Ventures to support international expansion and product development.

"We chose to invest in Onfido because they have proven their expertise at using artificial intelligence to effectively fight fraud, giving businesses a safe and secure way to scale their businesses online."
— Tomoyuki Nii, Executive Officer