Raiz on the cusp of major milestones

Raiz Invest, the multi-award-winning micro-investing and fintech platform with operations in Australia, Indonesia and Malaysia, continues to grow the business both in Australia and in their newer markets. 

Raiz Invest Managing Director / Joint Group CEO George Lucas said, “We are on the cusp of two important milestones for calendar 2021 – $1 billion in Funds under Management (FUM) and 600,000 Active Customers. Both these milestones continue to validate the business model Raiz has pioneered.”

“On 31 October, we were only about $11 million shy of $1 billion FUM in Australia, and we are confident we can bridge this gap in the next two months – ‘market willing’. With the flat ASX200 for October, and FUM still increasing 2%, we continue seeing inflows, customer growth and retention.”

“Our original strategy of Southeast Asian expansion continues to assist with growth in Active Customers across the region. In Indonesia we saw 10.3% growth in October and 38.6% for the past three months, while growth in Malaysia is steady at 3.9% in October and 16.2% for the last quarter. The team is working hard to be operational in Thailand later this year or early next year to accelerate this Southeast Asian growth,” Lucas added.