Augmentum Fintech continues to imagine that there are structural alternatives for the fintech sector, regardless of macro-economic headwinds.
The one fintech-focused funding fund listed on the London Inventory Trade famous that the sector’s income penetration has not even reached 10 per cent of the monetary companies trade, which means there’s nonetheless important headroom for continued disruption.
Augmentum Fintech returned 9.1 per cent on a web asset worth foundation over one yr, in contrast with the know-how and media sector’s return of -29 per cent, in accordance with the Affiliation of Funding Firms.
Learn extra: Augmentum Fintech posts £1m loss amid “important market volatility”
The group now has 24 portfolio firms, together with the likes of neobank Monese, different lender Iwoca and peer-to-peer lender-turned-digital financial institution Zopa.
In a ‘12 months in Evaluate’ round-up, the agency stated that it had made six investments in 2022. It stated that the common income progress charge for its prime 5 holdings has been 129 per cent within the first 9 months of 2022.
Over the yr, Augmentum exited its holding in Interactive Investor, receiving £42.8m in proceeds at an 11 instances a number of on invested capital.
As of 30 September, Augmentum’s web asset worth was £292.1m, and it had £137m of alternatives underneath lively improvement within the pipeline. The group stated it had an annualised inner charge of return of 19.3 per cent.
Though the group sees important alternative within the fintech sector, it stays extremely selective, investing in simply 0.1 per cent of offers it assesses.
Learn extra: Augmentum Fintech awaiting ‘worth correction’ to spice up portfolio
