RAIZ continues to innovate, five years since its launch

RAIZ continues to innovate, five years since its launch

Raiz Invest, Australia’s largest mobile-first financial services platform, has assisted many Australians start their financial journey over the past five years.

On its Fifth Anniversary, since being launched in February 2016, Managing Director and Group CEO, George Lucas, said, “The most rewarding testimony to the past five years is the 100s of 1000s who have been introduced to investing and have developed a savings habit via the Raiz app.

“Many clients have reached out to us to say their Raiz account has helped change their lives, highlighting the advantages of what we offer.

“The fact that our Active Customers increased during 2020, and this being despite the fact many of them suffered disproportionately because of job losses in industry sectors such as hospitality, retail and tourism, is strong evidence of the appeal of the Raiz app and the financial benefits it delivers.”

Raiz is now approaching 400,000 Active Customers in Australia, Malaysia and Indonesia. Funds under Management (FUM) in Australia hit $639 million at 31 January 2021, and Raiz is quietly confident that the $1 billion milestone can be reached in calendar 2021.

Lucas said, “Raiz differs from financial service groups in that it is ‘customer focused’ when deciding what products and services to offer clients.”

Raiz, which has won 27 awards for its products and service over the five-year journey, now has 44 staff servicing its clients in Australia, Indonesia and Malaysia.

Lucas said, “It has been a great journey and we couldn’t be more proud of what we and the Raiz community have achieved since 2016. I am looking forward to the next five years with confidence.”

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