Augmentum Fintech Plc Augmentum Fintech plc invests GBP4.0m in Farewill

 
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". 
 
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For further information, please contact: 
 
Augmentum                                    [e-mail] 
 
Tim Levene                                        [phone] 
 
Richard Matthews 
 
Nigel Szembel                                  [phone] 
 
Fidante Capital                               [phone] 
 
Tom Skinner 
 
Nick Donovan 
 
Peel Hunt                                          [phone] 
 
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 
 

(END) Dow Jones Newswires

January 21, 2019 02:00 ET (07:00 GMT)