Augmentum Fintech Plc (LON:AUGM) has made investments totalling £7mln in three financial services companies.
It has ploughed £3mln into Tide, a challenger bank, £2mln into Previse, developer of supplier software, and the same amount into DueDil, which compiles information on private companies.
“Since our IPO we have built an exciting pipeline of fintech investment opportunities and are delighted to announce the completion of these three investments, each of which fit perfectly with our approach to investment,” said Augmentum chief executive, Tim Levene.
“These companies deliver propositions that are disrupting their markets, challenging incumbents and bringing huge efficiencies to the end customer.”