20th Aug 2018 10:18
LONDON (Alliance News) - Augmentum Fintech PLC said Monday it invested a total of GBP7 million in three European fintech companies, as part of funding rounds for the companies.
The fintech venture capital investor invested GBP3 million in Tide, challenger bank for small businesses; GBP2 million in Previse, an instant supplier payment company; and GBP2 million in DueDil, a private company information platform.
Chief Executive Officer Tim Levene said: "These companies deliver propositions that are disrupting their markets, challenging incumbents and bringing huge efficiencies to the end customer.
"At Augmentum we look for opportunities where we can add value to a company beyond a simple financial contribution. In particular, we seek out talented, driven management teams and help them to achieve their potential."
Augmentum shares were trading up 0.2% at 104.45 pence each.
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