Revolut shareholder writes down value of its stake amid fintech squeeze      

“We do not engage in speculation on our valuation,” Revolut said in a statement to Bloomberg

The writedown comes after a report last month that investor TriplePoint Venture Growth BDC had lowered the value of its stake in Revolut by 15%

A shareholder in Revolut has cut the value of its stake in the financial payments firm by 46% — the latest indicator of how investor caution is impacting fintech companies. 

An investment trust managed by Schroders disclosed a £4.7m (€5.3m) writedown in its 2022 results. That brought the valuation of the stake held by Schroders Capital Global Innovation Trust to £5.4m from around £10m a year earlier.