Augmentum Fintech has upped the size of its forthcoming share issue from £40mn to £55mn.
In Brief:
Augmentum Fintech is a VC fund focused exclusively on FinTechs.
It’s the UK’s only publicly listed FinTech fund.
It will issue new shares to raise funds, with a cap of £55mn.
What does this mean?
Augmentum Fintech has invested in several FinTechs including the UK’s Zopa. Having mainly focused on early and later stage “fast growing” FinTechs, it has recently said it’s considering offering funding to seed stage firms too.
