Tim Levene is CEO of the UK’s only publicly listed, fintech-focused investment company Augmentum Fintech. After launching the first iteration of the fund in 2010 with the backing of RIT and Lord Rothschild, Tim and Co-Founder Richard Matthews launched Augmentum Fintech plc on the main market of the London Stock Exchange in 2018.
Tim has sat and currently sits on multiple fintech boards including Interactive Investor, Tide, Zopa, Cushon and Monese and is highly active in cross-industry initiatives working to boost the UK fintech sector, including the UK FinTech Strategy Group.
An experienced entrepreneur, Tim co-founded juice bar business Crussh and being a founding employee of Flutter.com, the latter of which became one of the highest profile digital businesses in the UK after it merged with Betfair.com in 2001.
Wealthtech is currently focusing on the investing strategies but are now shifting on to "performing" said Cristophe. He also mentions "there is a demand for data to know what exactly the audience want".
Tim had the opinion that "robos are struggling for a customer base and are only a product".
Graham supported this opinion suggesting that robos need to offer something in addition such as education or advice to improve accessibility to invest.
"Personal savings in the UK is much lower than that in Australia and Singapore who are forced to put 10-15% of their income in to an ISA", Graham added.
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