London fintech fund Augmentum Fintech is set to invest £2.5m in FX trading platform LoopFX

LoopFX allows currency traders to match in real-time with asset managers and banks. It claims its tech prevents information leakage, the unwanted sharing of data, and facilitates mid-market rates.

The platform focuses on large trades, over roughly £8 million in value.

Augmentum Fintech is publicly listed on the London Stock Exchange (LSE) and has previously invested in fintechs like SME-focused bank Tide, Interactive Investor, and the crowdfunding platform Seedrs. It's one of the largest investors of its type in Europe.

This is the first time a large institutional investor has invested in LoopFX. The platform has already signed several large partnership deals, including one with US Bank State Street, which has $3.8 trillion in assets-under-management as of June 30, 2023

The companies say the new capital will allow LoopFX to continue its growth as it continues to build its product offering

Tim Levene, CEO of Augmentum Fintech said: "We are increasingly focusing on the opportunity in the capital markets space where we see a trend in 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.”

He added: “LoopFX brings efficiencies in trading and price discovery to the FX market, which in turn will help market participants comply with best execution requirements."

Levene is also set to join the board of LoopFX following the investment.

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