Raiz Invest Ltd. (AU:RZI) has released an update.
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.
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