UPDATE: This trust has been taken over by Verdane for 111p a share.

Augmentum Fintech (AUGM) invests in early-stage financial technology companies that are based in the UK and Europe. It was launched in 2018 with a portfolio of five companies bought from the Augmentum partnership, which had been set up in 2010 by the trust's managers, Tim Levene and Richard Matthews, and with the backing of RIT Capital Partners. Follow-on equity fundraises in 2019, 2020, and 2021 allowed AUGM to build up its portfolio to around two dozen investments. Eight disposals have been made so far including Interactive...