Raiz Invest brings financial insights to life with Facebook chatbot
Raiz Invest, the mobile-first micro-investing platform, has today launched a chatbot to improve the user experience. Customers can ask Ashlee chatbot specific questions about their account or the financial markets and get general customer support. Much like a personal fitness coach, the aim is to help Australians have a healthier relationship with their finances. With an active (paying) customer base of more than 172,000, skewing towards the under-35 demographic, Ashlee provides intuitive and real-time responses. Integrated on Facebook Messenger, it takes advantage of the personal and instant nature of the app in aligning with millennials. Personalised on-demand investment updates Ashlee further personalises the Raiz experience. She will answer personal […]
Micro-investing app Raiz – how it works
Raiz, which until recently was known as Acorns, is a micro-investing platform aimed at Australians aged 18 to 35. Raiz allows people to invest small amounts in the stock market using a smartphone app. Over 500,000 people have signed up to Raiz since it launched in February 2016, though only 164,000 of those are active users. Raiz now has $214 million under management and the average customer has a balance of $1234. Raiz Managing Director George Lucas says Raiz is a user-friendly, automated savings and investment tool which doesn’t seek to generate market-leading returns, though “the average Raiz customer has made 11% per annum since launch and 10.1% per annum […]
Meet the brains behind Raiz Invest research and insights
Raiz Invest Limited, the mobile-first micro investing platform, improving financial confidence for over 164,000 Australians, is strategically using research and insights to continuously garner understanding and awareness of their customer needs, with the help of Dr. Jake An, Raiz Invest Research Phd and in conjunction with major Sydney Universities. Dr. Jake An applies his PhD theories to Raiz customers to improve the user experience and is now the brains behind the continuing research program of Raiz. His role is to merge his two passions, academia and research applying them to real world of financial literacy and behaviour. Working with Raiz since 2016, Jake identifies business problems and works directly with […]
Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance
Versive, Inc., an award-winning AI-based cybersecurity company based in Seattle, U.S, today announced that Raiz Invest, a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations. Raiz provides customers an easy way to regularly invest either small or large amounts in one of six portfolios of varying risk levels. The company has 164,000 active customers in Australia, and approximately $200 million in funds under management, growing at over 20 percent each quarter. As a fast-growing financial company, Raiz wanted to increase its level of security. The company already offers bank-level security to consumers through […]
Raiz Invest to list on ASX with a $120m valuation
Raiz Invest, the micro-investment fintech, has lodged a prospectus with the corporate regulator for a June float in a deal that will value the start-up at around $120 million. As flagged by The Australian Financial Review’s Street Talk column last week, the initial public offering for Raiz, formerly known as Acorns Grow Australia, will raise just over $15 million. The shares, which have an offer price of $1.80, are due to begin trading on the ASX on June 21. The offer has been fully underwritten by Bell Potter and is understood to be two times oversubscribed with strong support from institutions in Hong Kong. Raiz has plans to expand in […]
Bell Potter pitches fintech Raiz Invest for $120m listing
The initial public offerings are starting to flow thick and fast out of Bell Potter Securities. Next up is a $15.1 million raising for fintech Raiz Invest Ltd which, if successful, would see the company list with a $119.2 million market capitalisation next month. Raiz Invest is the new name for Acorns Grow Australia, a micro-investing app out of the United States that has been operating locally since February 2016. It is best known for its “round up” offering, which enables customer to invest their virtual spare change automatically. It says its app also acts as a personal finance assistant for users and allows customers to make lump sum deposits into managed funds and other financial products. Raiz […]
Raiz Invest
Invest spare change automatically from everyday purchases into a diversified portfolio.
Acorns Australia rebrands to Raiz Invest
Acorns Australia has rebranded to Raiz Invest, a move that follows the company’s announcement in February to divest from Acorns. From today, all users will be prompted to update their Acorns Australia app, after which they will see the new Raiz Invest brand, logo and colour scheme. The website will also reflect the new name and branding. Raiz Invest Managing Director, George Lucas, said: “Today marks another significant milestone in our company’s history with the name change from Acorns Grow Australia to Raiz Invest. “After our recent agreement with Acorns, we felt a new name was an important step forward. The change reflects our new autonomy and our ability to […]
