Onfido enters exclusive discussions with potential acquirer
7 February 2024 Augmentum Fintech plc Portfolio Update: Onfido enters exclusive discussions with potential acquirer Augmentum Fintech plc (LSE: AUGM) (the “Company”), Europe’s leading publicly listed fintech fund, notes the announcement today that portfolio company Onfido has entered exclusive discussions with potential acquirer, US based Entrust, a global leader in trusted payments, identities and data security. If this transaction goes ahead we expect the proceeds to be at or slightly above the current holding value, and it will be Augmentum’s sixth portfolio investment exit.