Fintech Venture Capital Fund Augmentum Fintech Invests £2.6m in LoopFX

On June 25th, LoopFX, a new liquidity pool specializing in the large FX trades, announced that it has received a £2.6 million investment from Augmentum Fintech, a fintech venture capital fund.

With Augmentum taking a stake in LoopFX, Tim Levene, the founder and CEO of Augmentum, will join LoopFX's Board.

He said: "We are increasingly focusing on the opportunity in the capital markets space where we see a trend of incumbents opting to collaborate and partner with innovative early-stage companies. We believe LoopFX offers a text-book example of a fintech operating in the capital markets in partnership with blue chip financial institutions. LoopFX brings efficiencies in trading and price discovery to the FX market which in turn will help participants comply with MiFID II’s best execution trading regime."

Blair Hawthorne, Founder and CEO of LoopFX, said, "Augmentum’s experience and network will be strategically vital for LoopFX as we move towards launch. And their investment will allow us to build our team and accelerate our capability to meet the needs of our customers. As our first institutional investor, Augmentum will join the ranks of other world-class collaborators, including our first partner State Street FX Connect, as well as FactSet’s Portware."