Augmentum Fintech PLC (GB:AUGM) has released an update.
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Augmentum Fintech PLC, a leading public fintech fund in Europe, reported a slight decrease in NAV per share to 164.3p for the half-year ending September 2024, with an impressive annual revenue growth of 52% from its top holdings. Despite some write-downs, the company’s strategic investments in fintech firms continue to promise long-term capital growth, supported by its cash reserves of £34.8 million and no debt. Recent strategic moves include investments in innovative platforms like LoopFX and the successful acquisition of Onfido, reinforcing Augmentum’s commitment to disrupting financial services.
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