Raiz Invest Ltd. (AU:RZI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Raiz Invest Limited reported a robust Q1 FY25 with a 15.2% increase in revenue to $5.66 million and a 31.8% growth in Funds Under Management (FUM) to $1.5 billion, driven by a surge in active customers and strategic partnerships. The company reinforced its financial position through a successful share placement and is focusing on product innovation and expanding its investment options. Notable developments include a strategic partnership with State Street Global Advisors and the launch of automated Raiz Rewards, enhancing customer engagement and investment opportunities.
For further insights into AU:RZI stock, check out TipRanks’ Stock Analysis page.
