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Raiz Invest Ltd. ( (AU:RZI) ) has issued an announcement.
Raiz Invest Ltd. reported strong growth in Q2 FY25, with active customers growing by 8.5% year-over-year and funds under management increasing by 32.4% to $1.61 billion. The company has seen significant revenue growth driven by higher adoption of their Raiz Plus and Super products, as well as an increase in average revenue per user. Raiz’s strategic focus on customer acquisition and product innovation, including the launch of Raiz Jars, has bolstered its market position and offers promising prospects for long-term stakeholder value.
More about Raiz Invest Ltd.
Raiz Invest Ltd. is a prominent company in the financial technology industry, providing innovative investment app services. The company focuses on offering a diverse range of investment products, including superannuation and portfolio options, catering to both individual and family segments. Raiz is dedicated to enhancing customer engagement and diversifying funds under management through continuous product development.
YTD Price Performance: 16.99%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €39.87M
See more insights into RZI stock on TipRanks’ Stock Analysis page.
