fbpx Skip to content
Premium Symbol Premium content

Investor cuts Revolut valuation with 40% writedown

Revolut writedown slahes valuation to £15.6bn.
Image credit: Revolut

Tech-focused investment firm Molten Ventures has written down its stake in Revolut by 40% in the latest blow for the British fintech company.

The writedown would imply a valuation of around $19.8bn (£15.6bn) if using Revolut’s last publicly shared valuation of $33bn, achieved in 2021 when it raised $800m.

However, Molten’s 40% writedown is based on its own undisclosed internal valuation of Revolut in March 2022 and March 2023.

Molten Ventures – which owns less than 5% of Revolut – valued its stake at £91.3m in March 2022.

Its full-year results, published today, value its stake in Revolut at £54.5m as of March 2023.

The VC firm, then known as Draper Esprit, invested $16.5m in Revolut in April 2018 at a $1.7bn valuation....