Revolut’s place as UK’s top fintech firm at risk after £12bn Schroders writedown

Asset manager suggests its stake could be worth less just 18 months after investing nearly £10m

Revolut’s position as the UK’s most valuable fintech company is under threat, after a writedown by one of its investors suggested nearly $15bn (£12bn) could be wiped off the value of the firm.

A UK trust run by the asset manager Schroders suggested 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 just £5.4m as of December, down from £10.1m a year earlier.