Revolut’s position as the UK’s most valuable fintech company is under threat, after a writedown by one of its investors suggested that almost $15bn (£12bn) could be wiped off the value of the firm.
A UK trust run by the asset manager Schroders suggested that the value of its stake in Revolut has plunged by 46% over the past year, having estimated in its annual report that the holding was worth only £5.4m as of December, down from £10.1m a year earlier.
