Fintech EU: Fintech investment company, Augmentum has secured a whopping £94 million at the Initial Public Offering

IPO Fetches £94 Million For Augmentum Fintech: A new Fintech investment company, Augmentum has secured a whopping £94 million at the Initial Public Offering just before the trading of shares on London Stock Exchange which is set for this week. Augmentum Fintech needs more money for a new firm that wants to invest in financial technology services from Europe and the United Kingdom.

The new company wants to provide investments in five high-growth Fintech firms: Zopa, BullionVault, Seedrs, SRL Global and Interactive Investor. These are companies which are implementing disruptive technology in the insurance sector, banking industry, and asset management.

READ ALSO:  3 Things Fintech Startups Should Learn From Big Tech Corporations

Crowdfunding platform Seedrs helped to garner over £500,000 for the IPO during a peculiar meeting involving private and public markets. The management team plus the household associates offered £2 million which is 3.6% of the share capital.

The management promises investors the access to the dynamic Fintech startups which are geared towards disruptive technology in asset management, insurance, and banking.

Fintech market of Europe

There is a greater chance for the new investment group to capitalize on the low values of young ventures in Europe in comparison to the United States during a period of high demand for post-seed venture funding in the Fintech market of Europe. Hopefully, the company will satisfy the investment demand in a seemingly impenetrable sector.

READ ALSO:  Credit unions and fintech startups collaborating together to gain more success

According to Neil England, the chairman of Augmentum, integrating a developed, prolific, and experienced administration team with a promising seed portfolio into a determined and fast-growing line of investments from Fintech creates the most assured investment. He further remarked that the response that Augmentum Fintech received from a wide array of investors during the IPO was commendable.

mm
Salih Sarikaya is an award winning financial technology influencer and journalist for more than 10 years of experience. He has been recognized as one of the best tech influencers of USA in 2017 at CES, the world's biggest technology show. He has been honored with a top expert badge by Klout, social rating platform, in the areas of Business, Finance, Technology and Growth Hacking. Moz Social Ranking categorizes him as key influencer about the cryptocurrencies and fintech. He is a best-selling author with three published books. He is Professional Member of PEN America and Society of Professional Journalists. You can reach him at salih@theoofy.com.