3 months ago
13
The company’s Plus portfolios weren’t far behind, with a 42.2 per cent year-on-year surge in accounts and a 67.4 per cent leap in funds under management to $296.7 million.
Notably, average account balances are also on the up, increasing 21.5 per cent over the year to $5530.
Raiz Invest managing director and chief executive officer Brendan Malone said: “We delivered another convincing quarter of growth and I am particularly pleased to see ongoing incremental increases in ARPU as our highest revenue products maintain strong growth. The business fundamentals remain solid and all core metrics are trending positively.”
As part of its drive to engage younger investors, Raiz recently struck a strategic deal to take on a portfolio sitting under the Drip Invest banner. Drip is an educational investing app aimed at kids and teens and is currently managed by Cache Invest.
Raiz says the partnership - due to go live in the second week of August - gives the company direct access to Drip’s customer base and marketing channels, thereby amplifying its footprint in the youth investor segment.
In efforts to boost its overall marketing arsenal, Raiz is also doubling down on its tech edge by pumping more resources into smarter systems and data capabilities.
By rolling out AI tools to generate hyper-personalised campaigns, the company says it has been able to lift its conversion and retention rates. With an eye on the future, it is also chasing M&A opportunities to supercharge its expansion.
Raiz’s efforts haven’t gone unnoticed. The platform was recently named one of CNBC World’s Top Fintech Companies for 2025 and became a finalist at the Fintech Australia ‘Finnies’ awards for Excellence in Wealth Management. The company also took top spot in the Finder customer satisfaction awards and snagged the WeMoney award for its popular round-up investing feature.
With consistent growth, glowing peer reviews and $13 million in the bank - up 4 per cent from the last quarter - Raiz has set the standard for micro-investing in Australia and appears poised to make 2026 its biggest year yet.
Is your ASX-listed company doing something interesting? Contact: [email protected]
