Banking

UK investor almost halves value of Revolut stake

Schroders Capital Global Innovation Trust has disclosed that it has reduced the value of its stake in the fintech by 46 per cent

Schroders is the second investment business in recent times to reduce the valuation of its stake in Revolut. Picture: Getty

Schroders Global Capital Innovation Trust has reduced the valuation of its stake in Revolut from £10.1 million (€11.4 million) to £5.4 million (€6.1 million), a 46 per cent drop, in a move that indicates increased investor caution in the fintech sector.

The writedown follows reports last month that TriplePoint Venture Growth had reduced the value of its stake by 15 per cent.

Revolut’s delayed accounts showed it had made its first annual profit in 2021 ...