Revolut sees $15bn valuation writedown from Schroders

Nearly 50% drop

Fintech bank Revolut has received a valuation blow from Schroders, one of its most loyal shareholders.

In a regulatory filing, the Schroders Capital Global Innovation trust- rebranded from Schroders UK Public Private trust last week, and formerly known as the Woodford Patient Capital trust - devalued its investment in the bank by around 46%. The trust said the value of its investment at 31 December 2022 was £5.4m, compared with £10.1m at 31 December 2021. Schroder UK Public Private rebrands as co-manager Roger Doig steps down This implies a similar reduction in the bank's valuation which, in line with the trust's drop, should now be valued at $17.7bn, against the $33bn implied by a ...