Augmentum Fintech Plc Augmentum Fintech plc invests GBP4.0m in Farewill
January 21 2019 - 2:00AM
UK Regulatory
TIDMAUGM
21 January 2019
LEI: 213800OTQ44T555I8S71
Augmentum Fintech plc
Augmentum Fintech plc announces GBP4.0 million investment in Farewill
Augmentum Fintech plc (LSE: AUGM) ("Augmentum" or the "Company"), one of
Europe's leading fintech venture capital investors, announces an investment of
GBP4.0 million in Farewill Limited, the all-in-one financial and legal services
platform for dealing with death.
Augmentum is leading the GBP7.5 million Series A fundraising alongside existing
and new investors including dmg ventures, SAATCHiNVEST, and Kindred Capital.
Farewill (www.farewill.com) which offers online will-writing, will management
and probate services, aims to be the first major consumer brand in death
services.
This investment round will enable Farewill to expand its team and allow the
business to continue to deliver the highest level of customer support and
satisfaction though its online service. Farewill customers benefit from having
a specialist at the end of a phone or live chat, at any time of the day, seven
days a week.
Tim Levene, of Augmentum Fintech, said: "Securing pre and post-death services
is an archaic and painful process. There is little competition in a sector
untouched by digital, with inefficiencies and pricing that reflect these market
characteristics. There is a considerable opportunity in this space where
Farewill are incredibly well positioned".
* End -
For further information, please contact:
Augmentum info@augmentum.vc
Tim Levene +44 (0)20 3961 5420
Richard Matthews
Nigel Szembel +44 (0)7802 362088
Fidante Capital +44 (0)20 7832 0900
Tom Skinner
Nick Donovan
Peel Hunt +44 (0)20 7418 8900
Luke Simpson
Liz Yong
Notes
About Augmentum Fintech plc:
Augmentum Fintech plc is one of Europe's leading venture capital investors
focusing exclusively on the fintech sector. Augmentum invests in fast growing
fintech businesses that are disrupting the banking, insurance, asset management
and wider financial services sectors. Augmentum is the only listed
fintech-focused venture capital firm in the UK, 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.
END
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