Revolut backer says fintech’s valuation has jumped
An investment trust managed by Schroders has revalued its stake in the fast-growing fintech
One of Revolut’s shareholders thinks the firm is 45 per cent more valuable than a year ago, in a sign that investors are starting to thaw on the fintech sector.
An investment trust managed by Schroders disclosed a £2.45 million write-up for its Revolut holding on Monday. That brought the valuation of the stake held by Schroders Capital Global Innovation Trust to £7.88 million as of December 31, from £5.44 million a year earlier.
While Schroders’s stake is small, it implies that the overall valuation of Revolut has improved to about $25.7 billion, up from $17.7 billion last year. Still, this is below the $33 billion valuation Revolut achieved in a funding round in 2021, around the peak of the fintech boom. In the years since, concerns about the impact of higher interest rates on profitability have dragged on many fast-growing finance firms.
