Augmentum Fintech enters FTSE SmallCap and AllShare Index

By Oliver Smith on Friday 5 June 2020

Alternative LendingDigital BankingSavings and Investment

Inclusion comes after its share price bounce-back and the growing valuation of its portfolio.

Augmentum Fintech enters FTSE SmallCap and AllShare Index
Image source: Tim Levene (far-right)/Augmentum Fintech.

Listed fintech VC fund Augmentum Fintech is joining two key FTSE Russell indices on 19 June as it is now counted among the 620 largest-listed companies on the London Stock Exchange.

Augmentum will be added to the constituents of the FTSE SmallCap Index, which counts the 351st to the 619th largest-listed LSE companies, and by extension it’ll be added to the FTSE AllShare Index.

“Since our IPO just over two years ago we have built a balanced portfolio of diversified and differentiated fintech companies,” said CEO Tim Levene.

“Our ambition remains to grow the fund to enable us to continue investing across our portfolio companies, and to seek out other exceptional fintech opportunities in both the UK and the wider European market”.

In recent months Augmentum’s share price has quickly recovered to its pre-coronavirus levels, giving the fund a market capitalisation of around £121m.

Its portfolio includes the likes of Habito, Zopa, Interactive Investor, Monese, Tide and Iwoca.

Recent deals including Onfido’s $100m raise and Previse’s $11m have both pushed the valuation on Augmentum’s portfolio higher.

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