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

Asset manager suggests its stake could be worth less only 18 months after investing almost 10m

Revolut's position as the UK's most valuable fintech company is under threat, after a writedown by one of its investors suggested almost $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 only 5.4m as of December, down from 10.1m a year earlier.