Investment company Schroders raised the valuation of its stake in Revolut by 45%
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British investment firm Schroders, which is a shareholder in fintech company Revolut, has raised the valuation of its stake in the startup by 45%, which means Revolut has grown to $25.7 billion.
About this informs Bloomberg.
Schroders Capital Global Innovation Trust’s stake in Revolu was valued at £7.88m as of December 31, 2023, up from £5.44m a year earlier, according to the company’s annual report.
Accordingly, Revolut’s total valuation rose to around $25.7 billion, up from $17.7 billion a year earlier. However, that’s still below the $33 billion valuation the company hit in a 2021 funding round at the height of the fintech boom.
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In its report, Schroders said Revolut had made “significant progress” over the past year, noting the company’s international expansion efforts.
We will remind:
Russians living in Europe began to complain about restrictions on transactions on their cards and accounts in the Revolut bank.
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In October 2022, the co-founder of the fintech company Revolut Mykola Storonskyi, who has a British passport, refused from Russian citizenship.
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