REG-Augmentum Fintech Plc: Portfolio Update: Monese and Habito

Augmentum FintechAnnouncement

21/09/2022 07:15

21 September 2022

Augmentum Fintech plc

Portfolio Update: Monese and Habito

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

Monese

UK-based Monese (www.monese.com), is a leading pan-European fintech that
provides banking services to consumers across 31 countries and a cloud-based
banking Platform-as-a-Service (PaaS) to third party business. HSBC Ventures
has invested US$35 million in Monese. As part of a broader strategic
partnership that will focus on Monese’s PaaS business. This investment
follows the announcement in September 2021 by Monese of the launch of its PaaS
business and its strategic partnership with Investec, following Investec’s
investment in 2018.

Habito

UK-based Habito (www.habito.com), the award-winning digital mortgage broker
and innovative home-buying service, has raised approximately £5
million from existing investors, including Augmentum, in its latest funding
round. This latest funding will allow Habito to complete its move to focus on
core services: its award-winning mortgage brokerage and Habito Plus, the
innovative home-buying service that combines surveying, conveyancing and
home-financing under one roof.

Tim Levene, CEO of Augmentum Fintech, said: “We are delighted that Monese
has completed this significant investment from HSBC and signed a landmark
commercial partnership with them.

“This investment in Monese once again demonstrates very clearly the
potential for fintechs to develop mutually beneficial relationships with
established incumbents in financial services.

“Monese is a leader in the provision of Platform-as-a-Service banking
services, and we look forward to continuing our support of the company as they
grow their business across Europe.

“Elsewhere in our portfolio, Habito remains well positioned as the digital
leader in its sector and continues to grow its market share in a space that is
still dominated by traditional providers.

“The investment pipeline remains strong, but we continue to remain
disciplined on valuation which we are starting to see return to historic
multiples, neither the inflated valuations seen externally in the fintech
sector last year nor the artificially low ones this summer.”

Enquiries:

 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 LLP Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)               +44 (0)20 7418 8900                                         
 Singer Capital Markets Harry Gooden, Robert Peel, Alaina Wong (Investment Banking)  +44 (0)20 7496 3000                                         
 Frostrow Capital LLP Paul Griggs, Company Secretary                                 +44 (0)20 3709 8733                                         

About Augmentum Fintech

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.

Neither the content of any website referred to in this announcement nor the
content of any website accessible from hyperlinks is incorporated into, or
forms part of, this announcement.



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