Another strong year of growth for RAIZ, announces the addition of the Raiz co-branded bundll MasterCard
Raiz announce the co-branded bundll MasterCard, representing a significant new feature and important milestone in Raiz’s evolution.
Raiz Invest international expansion continues with JV agreement executed with key Malaysian institution
Raiz Invest has taken a major step forward in its push into Southeast Asia, signing a joint venture agreement with Malaysia’s Jewel Digital Ventures
Australian FinTech company profile #18 – Raiz Invest
Raiz Invest is a micro-investing app that allows users to build their investments and savings by investing their virtual small change.
Raiz Invest’s active user base edges higher again as global stocks hold steady
Fintech platform Raiz Invest (ASX: RZI) continues to slowly build its user base amid a more benign investment environment for global stocks.
Raiz starts its international expansion by launching in Indonesia
Following its success in Australia, Raiz is proud to announce its expansion into Southeast Asia with the launch of Raiz Invest in Indonesia. In Indonesia, Raiz Invest will position itself as an aspirational product to improve by hands on learning financial literacy and financial inclusion, similar to Australia. “We are very excited to bring Raiz Invest to Indonesia. We believe that just like in Australia, Raiz will be a game changer on how people invest. Raiz Invest will be the innovative solution for anyone who wants to start investing, but has never really taken the first step,” said George Lucas, CEO. “As outlined in the prospectus last year our growth […]
Raiz Invest partners with UNSW to power rewards with machine learning
Raiz Invest Limited, the mobile-first micro-investing platform, has partnered with UNSW and with support from the NSW Government to develop a machine-learning recommendation engine for its Raiz Rewards. The new technology will recommend to Raiz customers more relevant offers and brands. It’s designed to provide a more seamless, personalised experience for customers when navigating more than 165 brands on Raiz Rewards. With a customer base of more than 179,000, skewing towards the under-35 demographic, the intuitive experience provided by machine-learning will better address the demands of this millennial audience. “Millennials have grown up with technology at their fingertips. They expect all their interactions to be easy to navigate and, above […]
Raiz gets licence to distribute Mutual Funds in Indonesia
Raiz Invest Limited’s (ASX code: RZI) expansion into Southeast Asia has taken a major step forward after securing a licence to distribute Mutual Funds. Raiz Invest, via its subsidiary PT Raiz Invest Indonesia, has secured the Mutual Fund Selling Agent (“APERD”) licence from the Indonesian Financial Services Authority (OJK) to act as a Securities Brokerage specifically established to market Mutual Funds. Further reviews by the OJK of the Raiz mobile first saving and investing technology are required before Raiz Invest can become fully operational in Indonesia. Raiz has established an office in Jakarta with three staff and is well progressed in modifying its platform for the 270-million Indonesian market. Raiz […]
Raiz partners with Swiss RE to develop tailored service offering
Raiz Invest Limited has reached an agreement with Swiss Re to work exclusively with Swiss Re to jointly research and develop tailored and personalised superannuation insurance products using machine learning algorithms. This will initially be for its Raiz Invest Super product. The research and development process will use predictive modelling technology, powered by machine learning developed by Swiss Re. This will include co-developing a predictive underwriting model which aims to deliver a simpler underwriting experience for customers. The aim is to develop a risk product inside superannuation that allows customers to have a personalised product, which is simple to apply for online. Predictive modelling will give Raiz Invest Super the […]
