AUGM.L

Augmentum Fintech plc
Augmentum Fintech plc - Proposed acquisition of FullCircl by nCino
31st October 2024, 07:00
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31 October 2024

Augmentum Fintech plc

Proposed acquisition of FullCircl by nCino
Augmentum's seventh exit at or above last published valuation

Augmentum Fintech plc (LSE: AUGM) (the "Company" or "Augmentum"), Europe's
leading publicly listed fintech fund, notes the announcement by nCino, the
NASDAQ listed US digital banking platform, that it has agreed to acquire
FullCircl, the RegTech platform and a portfolio investment of the Company.

The transaction implies a valuation of the Company's investment in FullCircl of
£6.0 million subject to final adjustments, which represents a 75% increase on
the last published valuation of £3.4 million as at 31 March 2024.

The Company first acquired its interest in FullCircl in August 2018 with an
initial £2.0 million investment in DueDil, with follow-on investments totalling
£1.6 million made in June 2019, August 2020, and most recently in July 2021 as
part of the formation of FullCircl through the merger of DueDil and Artesian
Solutions.

The realisation is Augmentum's seventh exit, all of which have been at or above
the last published valuation.

This announcement does not constitute or describe an updated NAV of the Company.

Enquiries

Augmentum Fintech                           +44 (0)20 3961 5420

Tim Levene (Portfolio Manager)              georgie@augmentum.vc

Georgie Hazell Kivell (Investor Relations)
Quill PR                                    +44 (0)20 7466 5050

Nick Croysdill, Sarah Gibbons-Cook          press@augmentum.vc

(Press and Media)
Peel Hunt LLP                               +44 (0)20 7418 8900

Liz Yong, Huw Jeremy

(Investment Banking)
Singer Capital Markets                      +44 (0)20 7496 3000

James Moat, James Fischer

(Investment Banking)
Frostrow Capital LLP                        +44 (0)20 3709 8733

Paul Griggs (Company Secretary)

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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