In this podcast John Hughman speaks to Tim Levene, manager of fintech investor Augmentum Fintech (AUGM), which features in our Summer and Thematic portfolios. The company is the only pure play fintech investor listed in London. Rising interest rates have had a significant impact on its share price performance this year, which has swung from a premium to a significant discount to Net Asset Value, but the secular tailwinds behind the growth of fintech remain intact - and the company’s strong balance sheet leaves it well positioned to capitalise on lower valuations across its investment universe.
Tim explains why AUGM’s current deep discount to NAV isn’t reflective of its conservative valuation policies or the rapid growth its investee companies are delivering; how the traditional financial services industry has been slow to exploit new technologies, leaving the door open to young companies to disrupt various sub-sectors of the financial services industry; and how the company filters through thousands of fintech investment opportunities to identify those companies with the highest growth potential.
