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Portfolio December 2019 Augmentum Fintech

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Portfolio December 2019 Augmentum Fintech Augmentuminvesting in Fintech Portfolio December 2019 Augmentum Fintech Augmentum Fintech plc is the UK’s only publicly listed investment company focusing on the fintech sector. The Company launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient funding and support, unrestricted by conventional fund timelines. Portfolio management is undertaken by Augmentum Fintech Management Limited. We invest in... Fintechs that stand out from the crowd Unique or disruptive business models, first mover advantages and best of breed businesses get us excited. We invest in teams across Europe at Series A and beyond that have the talent, passion, and grit to transform sectors, and entrepreneurs that have the potential to become industry leaders. Our philosophy... Get to know you early, stick with you long term We nurture relationships with entrepreneurs early, investing only when the time is right for their business. When we invest, we invest for the long term. We are patient. We seek to maximise the potential of businesses rather than limit upside in pursuit of short term gains. Our style... Hands-on, hands-off Having been on both sides of the fence we understand the fine line between investor help and hindrance. We love working with our companies, but focus on the most important issues without getting in the way of day-to-day management. Our network is at our entrepreneurs’ disposal, to help refine products, develop strategic partnerships, enter new markets and add potential investors, customers and advisors. Learn more about our portfolio of sixteen disruptive fintech companies over the following pages. All information in the following pages is from the companies’ own websites and/or other publicly available sources. 2 Contents interactive investor – Digital investment platform 4 Tide – SME banking 5 Zopa – P2P lending company, bank launch expected in 2020 6 Monese – Pan-European challenger banking service 7 iwoca – Alternative SME lender 8 Grover – Electronics subscription platform 9 BullionVault – Precious metals trading platform 10 WhiskyInvestDirect – Whisky trading platform 11 Habito – Digital mortgage broker and direct lender 12 Farewill – Financial and legal services platform for dealing with death 13 Onfido – Digital KYC verification service 14 Previse – AI-driven instant supplier payment company 15 SRL Global – Technology platform for investment control and asset management 16 Wayhome – Residential rent-to-own specialist 17 Seedrs – Equity crowdfunding platform 18 DueDil – Predictive company intelligence platform 19 3 ii.co.uk interactive investor is one of the leading UK direct-to-consumer investment platforms with £30 billion of assets under administration and over 300,000 customers across its general trading, ISA and SIPP accounts. The company offers execution-only trading and investing services in shares, funds, ETFs and investment trusts, all for a market-leading monthly subscription fee. £30bn 14% Assets under Of UK retail equity Administration trading A “high-conviction” list of investment 1m+ 9% ideas, including open-ended funds, Unique website Of the UK retail self- directed market investment trusts and visitors per month ETFs, launched Jan ‘19 500+ 4 300,000+ Employees, UK offices: Customers headquartered in Manchester, Leeds, Manchester London and Dundee 4.3 AppStore rating (3,000+ reviews) 4.5/5 Trustpilot rating (5,500+ reviews) Winner of ‘Best International Share- Dealing Service’ and ‘Best Execution-Only Best Low Cost SIPP Broker’ Provider 4 tide.co Founded in 2015, Tide is building a modern business banking service that gives time back to the people who work for themselves. Tide sets up its SME customers with an account number and sort code in as little as 5 minutes, and is building a comprehensive suite of digital banking services for businesses, including automated accounting, instant access to credit, card control and quick, mobile invoicing. Tide is the fifth largest business banking challenger in the UK (by volume of customers), and the largest digital challenger. 120,000+ ~£5bn In September 2019 Customers Annualised Augmentum led (2% market share) transaction volume Tide’s £44.1m first round of Series B funding, alongside 250+ 12-15% Japanese Employees, across Of new-to-market investment firm two offices in London business current The SBI Group and Sofia, Bulgaria accounts are opened with Tide £60m £300m+ 12.5m+ Awarded from Deposits Transactions made by the RBS Banking Tide members to date Competition Remedies process (in partnership with ClearBank), Feb 2019 “Business Account of the Year” Finalist 2018 Named as one of LinkedIn's "Top 25 Startups in the UK" “After 20 years of using the fussy, old fashioned banks, this is a breath of fresh air!” Trustpilot review, 2019 5 zopa.com 14 years ago, Zopa built the first peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. In 2017 Zopa launched their Innovative Finance ISA (IFISA) and in 2018 they were granted their full UK banking licence. The company has generated positive returns every year through-the- cycle and their proprietary technology has contributed to their leading digital acquisition position. New products include a fixed term savings product protected by the Financial Services Compensation Scheme (FSCS), a credit card and a money management app. £4bn UK Banking 450+ Personal loans Employees approved (as at Dec Licence ‘18) Granted in 2018 500k+ Customers served AA (as at Dec ‘18) securitisation 2 AA-rated securitisations of Zopa loans 4.9/5 Trustpilot rating (12,000 reviews) “Best Personal Loan Provider” Winner 2017, 2018, 2019 Winner: "Most Trusted P2P Platform". Commended: "Most Trusted Loans Provider" Zopa ranked 571 in The FT1000 list of "Europe’s Fastest Growing Companies" “Best Use of Emerging or Innovative Technology” Winner 6 monese.com Since being founded in 2013, the Monese team have been unrelenting in their vision for a new and better type of banking: one that gives people the financial freedom to thrive anywhere. With Monese you can open a UK or European current account in minutes from your mobile, with a photo ID and a video selfie. This is banking for the hundreds of millions of people who live some part of their life in another country - whether it’s for travel, work, business, study, family, or retirement. 2m+ 3x 14 Registered users Customer growth Languages 3,000+ $5bn+ 30+ Registrations per day Customers move European countries $5bn+ each year operating in through their Monese accounts "Best Banking App" "Top 10 Disruptors to Finalist 2019 Watch" 2018 When Monese founder Norris Koppel first moved to the UK from Estonia, he faced a frustrating experience that is all too common: with no UK credit history or utility bills proving his address, he was immediately denied a bank account. Without one, he found it near impossible to receive his salary or rent an apartment. From his painful experience, Monese was born - a banking service that was inclusive, instant and on-demand. 7 iwoca.co.uk Founded in 2011, iwoca uses award-winning technology to disrupt small business lending across Europe. They offer short-term loans of up to £250,000 to SMEs across the UK, Germany and Poland. iwoca leverage online integrations with high-street banks, payment processors and sector-specific providers to look at thousands of data points for each business. These feed into a risk engine that enables the company to make a fair assessment of any business – from a retailer to a restaurant, a factory to a farm – and approve a credit facility within hours. 30,000+ £1bn+ 300+ SMEs funded by iwoca have issued Employees across 2 iwoca, across the UK, £1bn in funding to European offices Germany and Poland date 3 mins 26 secs 12% £10m Record for a Of all UK small Awarded £10m customer starting an business overdraft from the Banking application to money approvals Competition in their bank account Remedies' Capability and Innovation Fund (CIF), announced £100m August 2019 Pledged in March 2018 to lend to small businesses in the 4.8/5 Trustpilot rating North of England by (4,000+ reviews) 2020 "Best Use of Credit Technology" Finalist “Best Fintech Lender 2019 (Short-term)” Winner 2019 8 grover.com Grover brings the access economy to the consumer electronics market, by offering a simple, monthly subscription model for technology products. Private and business customers have access to over 2,000 products including smartphones, laptops, virtual reality (VR) technology and wearables. The Grover service allows users to keep, switch, buy, or return products depending on their individual needs. Berlin €103m The Augmentum Headquarters Total financing volume investment was to date part of Grover's €41m pre-Series B funding round, 300,000+ 2015 which comprised Registered users Founded of both equity and debt capital Online and in-store 100+ Customers in Germany and Austria Employees can register for product rental via the Grover website or in select retail stores 2,000+ (500+ retail stores in Technology products Germany) available to rent via Grover Net promoter score (NPS) of 82 9 bullionvault.com BullionVault is the physical gold and silver market for private investors online. It enables people to buy and sell professional-grade bullion at the very best prices online. Each user’s property is stored at unbeaten low cost in secure, specialist vaults in London, New York, Toronto, Singapore and Zurich. BullionVault’s unique Daily Audit then proves the full allocation of client property every day. The company generates solid monthly profits from trading, commission and interest. They are cash generative, dividend paying, and well-placed for any cracks in the wider financial markets. $100m $2bn 175 Gold and silver traded Assets under Countries operating in monthly management 75,000+ 85% £32m Customers Profit growth in 2019 Net shareholders tangible equity ~13% Of the Bank of England 2x winner of The gold reserves Queen’s Awards for Enterprise Full member of The London Bullion Market Association 10 whiskyinvestdirect.com Founded in 2015, WhiskyInvestDirect gives retail investors access to maturing whisky as an asset class.
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