Raiz exceeds $400 million in Funds Under Management

Raiz Invest Limited, Australia’s largest mobile-first financial services platform, has presented it’s monthly update on its active (paying) customers and total funds under management (FUM) update for the month to 31 October 2019.

Raiz Invest CEO George Lucas says: “We continued to deliver growth in all customer categories and FUM in October. This result builds on the positive momentum that has been established throughout this year, with growth in all customer categories and FUM (retail and superannuation). Pleasingly, our FUM now exceeds $400 million this month.

“Our continued growth demonstrates the strong customer loyalty enjoyed by Raiz, across all products in Australia, providing a strong base for the launch of new financial products, further enhancements of the app, and proving a roadmap for our expansion into Southeast Asia.”