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4 October 2021
Augmentum Fintech plc
$5.0 million investment into Wematch
Augmentum Fintech plc (LSE: AUGM) (“Augmentum”), the UK’s only publicly listed investment company focussing on the fintech sector, announces that it has made a $5.0 million (c.£3.7 million) investment into Wematch.
Augmentum has invested in Wematch’s $19.4 million Series B, led by Deutsche Börse, with participation from Illuminate Financial. Existing investor J.P. Morgan is also participating in the round.
Wematch (https://wematch.live) is a capital markets trading platform that helps financial institutions transition liquidity to an orderly electronic service, improving productivity and de-risking the process of voice broking. Their solution helps traders find liquidity, negotiate, trade, optimise and manage the lifecycle of their portfolios of assets and trade structures. Wematch is focused on structured products such as securities financing, OTC equity derivatives and OTC cleared interest rates derivatives.
Wematch is headquartered in Tel Aviv and has offices in London and Paris. Its software is used by 40 banks, 17 fund managers and more than 1.000 traders across Europe, and since 2020 the US.
Tim Levene, CEO of Augmentum Fintech, said: “This is Augmentum’s first investment into the capital markets space, where we have been convinced for some time that innovative fintech solutions could improve market efficiency. Wematch is already active in multiple asset classes and is leveraging technology to change how market participants interact, helping reduce operational risk while controlling costs thanks to their differentiated subscription model. As such, Wematch makes a compelling addition to the portfolio.”
Peel Hunt LLP
+44 (0)20 7418 8900
Singer Capital Markets
+44 (0)20 7496 3000
Frostrow Capital LLP
+44 (0)20 3709 8733
About Augmentum Fintech
Augmentum invests in fast growing fintech businesses that are disrupting the financial services sector. Augmentum is the UK’s only publicly listed investment company focusing on the fintech sector in the UK and wider Europe, having launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient capital and support, unrestricted by conventional fund timelines and giving public markets investors access to a largely privately held investment sector during its main period of growth.
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