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Revolut and Atom Bank investor slashes fintech valuations
source link: https://fintechranking.com/2023/04/24/revolut-and-atom-bank-investor-slashes-fintech-valuations/
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Revolut and Atom Bank investor slashes fintech valuations
Some investors are required to ‘mark down’ their portfolio investments on a regular basis. This has dealt a $15bn knock to Revolut’s lofty $33bn implied by its last round of funding in 2021.
Schroders Capital Global Innovation trust, a UK-listed investment trust with a £10m stake in Revolut has marked its holding down by 46 per cent to £5.4m.
Atom Bank, which is the fund’s second largest holding after Oxford Nanopore, has been marked down 31 per cent.
Read more: AltFi
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