back Back

Augmentum FinTech and Tikehau Capital strengthen the partnership

By Joy Dumasia

July 14, 2021

  • Augmentum
  • Europe
Share

Augmentum FinTech, the UK’s only publicly listed investment company, focusing on the FinTech sector, and Tikehau Capital, the global alternative asset manager, announce an enhanced partnership to promote further growth in the burgeoning European FinTech sector.

As the only publicly listed FinTech venture capital fund in the UK, Augmentum FinTech plays a crucial role in supporting FinTech companies to maximise their growth potential. As of the end of June 2021, Augmentum has backed 22 companies across diversified FinTech verticals, with a current NAV of £183m.

Tikehau Capital and Augmentum FinTech are strengthening their links through the establishment of a close partnership. To cement this partnership, Tikehau Capital has raised its stake in Augmentum by becoming an investor in its recent £55 million share issuance, which was completed on 13 July 2021.

By partnering with Augmentum, Tikehau Capital increases its exposure to venture capital, on top of its investment in Ring Capital, a leading private equity firm specialising in the financing of technology and digital companies. The enhanced relationship between the two companies also sees Augmentum declare its intention to establish mainland Europe. From Paris, Augmentum will leverage Tikehau Capital’s global footprint to support its significant pan-European investment pipeline.

Tim Levene, CEO of Augmentum FinTech, commented: “France, like the UK, has seen a step-change in digital adoption because of Covid-19, and Paris, like London, is becoming a major focus for FinTech investment. Tikehau Capital, headquartered in Paris, is one of Europe’s most entrepreneurial and innovative alternative asset managers, and we look forward to working more closely with them over the coming years”.

Recently, IBS Intelligence reported that European digital asset lending company Tesseract raised $25 million in its Series A funding round led by Augmentum FinTech. The round saw BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners Family Office, LeadBlock Partners, and Sapphire Ventures.

Previous Article

July 14, 2021

Syfe secures S$40 million in Series B funding round

Read More
Next Article

July 14, 2021

5 Top emerging Blockchain technology trends to follow in 2021

Read More










IBSi Daily News Analysis

December 06, 2022

Augmentum

Why SMBs can’t switch payment providers despite desire  

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Baillie Gifford goes live with corfinancial’s SureVu for CSDR Compliance

Read More

Today

Contis retires its brand and becomes Solaris

Read More

December 05, 2022

Cashplus Bank rolls out Business Credit Card for SMEs, Sole Traders

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022