Augmentum Capital, the venture group backed by Lord Rothschild, is planning to list a fintech investment fund on public markets in one of the sector’s biggest flotations in a decade.
A new closed-end investment company called Augmentum Fintech is understood to be applying for admission to London’s main market in March. The group will buy Augmentum’s stakes in companies including Zopa, the peer-to-peer platform and Seedrs, the crowdfunding group, and seek to raise up to £125m with the sale of new shares.
RIT, Lord Rothschild’s investment trust, is expected to invest £10m in Augmentum Fintech, while its management team will buy £2.2m worth of shares. The remainder will be sold to retail and institutional investors in a bid to tap growing enthusiasm for Europe’s fintech start-ups.