REG-Augmentum Fintech Plc: Portfolio update: Seedrs - Crowdcube merger; and Tide

Augmentum FintechAnnouncement

06/10/2020 07:05

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE EU MARKET ABUSE REGULATION 596/2014.

06 October 2020

Augmentum Fintech plc

Portfolio Update

Seedrs and Crowdcube announce merger plans; Tide awarded £25 million grant
from the RBS Alternative Remedies Package

Augmentum Fintech plc (LSE: AUGM) (“Augmentum” or “the Company”), the
UK’s only publicly listed fintech investment company, welcomes developments
at two portfolio companies.

Seedrs, the equity crowdfunding platform, has announced plans to merge with
Crowdcube creating one of the world’s largest private equity marketplaces.
The merger is subject to approval from, amongst others, the Competition &
Markets Authority (CMA), the Financial Conduct Authority (FCA) and both
companies’ shareholders. At year end 31 March 2020, Seedrs represented
approximately 1.2% of the Company’s portfolio.

Tide, the SME business banking platform, has been awarded a £25 million grant
from the RBS Alternative Remedies Package to strengthen the challenge to high
street banks, in partnership with ClearBank. This is in addition to Tide’s
previous £60 million Pool A Fund grant in February 2019. At year end 31 March
2020, Tide represented approximately 11.5% of the Company’s portfolio.

The Company’s near term qualified pipeline currently contains approximately
£120 million of opportunities across all target sectors and geographies,
which continues to grow. There remains clear demand for patient capital with a
sector focus and expertise in the fintech market, and the Company expects to
issue further ordinary shares in due course in order to continue the growth in
its portfolio.

Tim Levene CEO of Augmentum Fintech, said: “

Since our IPO in 2018 we have built a balanced portfolio of diversified and
differentiated private fintech companies, who have benefited from the pace of
digital disruption which has further accelerated in recent months under the
shadow of Covid. Our ambition remains to grow the fund to enable us to
continue investing across our portfolio companies, and to exploit our access
to some of Europe’s exceptional fintech opportunities in both the UK and the
wider European market”.

-END-

For further information, please contact:

 Augmentum Fintech Tim Levene, Portfolio Manager Nigel Szembel, Investor Relations  +44 (0)20 3961 5420 +44 (0)7802 362 088 / nigel@augmentum.vc  
 Peel Hunt Liz Yong / Luke Simpson                                                  +44 (0)20 7418 8900                                           
 N+1 Singer  Harry Gooden / James Moat                                              +44 (0)20 7496 3000                                           

About Augmentum Fintech plc:

Augmentum invests in fast growing fintech businesses that are disrupting the
financial services sector. Augmentum is the UK’s only publicly listed
investment company focusing on the fintech sector in the UK and wider Europe,
having launched on the main market of the London Stock Exchange in 2018,
giving businesses access to patient capital and support, unrestricted by
conventional fund timelines and giving public markets investors access to a
largely privately held investment sector during its main period of growth



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