Augmentum Fintech Plc – Portfolio Update: Monese and Habito

21 September 2022

Augmentum Fintech plc

Portfolio update: Monese and Habito

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

Monese

UK-based Monese (www.monese.com), is a leading pan-European fintech offering banking services to consumers in 31 countries and a cloud-based banking platform-as-a-service (PaaS) to third-party businesses. HSBC Ventures has invested 35 million dollars at Monese. As part of a wider strategic partnership that will focus on Monese’s PaaS business. This investment follows the announcement in September 2021 by Monese on 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 round of funding. This latest funding will allow Habito to complete the transition to focus on core services: the award-winning mortgage brokerage and Habito Plusthe innovative home purchase service that combines surveying, mediation and housing financing under one roof.

Tim LeveneCEO of Augmentum Fintechsaid: “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 financial services players.

“Monese is a leader in the delivery of platform-as-a-service banking and we look forward to continuing our support for 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 an area still dominated by traditional providers.

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

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About Augmentum Fintech

Augmentum invests in fast-growing fintech companies that are disrupting the financial sector. Augmentum is the UK’s only listed investment company focused on the fintech sector in the UK and beyond Europewhich launched on the main market of the London Stock Exchange in 2018, giving companies access to patient capital and support, unfettered by conventional fund timelines and giving public market investors access to a largely privately held investment sector during its prime growth period.

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