Fintech
Revolut Valuation Raised by Investor Schroders as Fintech Fortunes Rebound
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One of Revolut Ltd.’s shareholders thinks the firm is 45% 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 Plc disclosed a £2.45 million writeup for its Revolut holding on March 28. That brought the valuation of the stake held by Schroders Capital Global Innovation Trust to £7.88 million as of Dec. 31, from £5.44 million a year earlier.