Raiz Invest Ltd.
AASX:RZI0.36
AUD
+0.02
(+5.97%)
Raiz Invest Ltd.
ASX:RZI
(Australian Securities Exchange)
Recent
price
0.36
P/E
ratio
15.79
div
yld
- -
ROIC.AI
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.- Similar Companies
- Business
- Raiz Invest Limited is an Australian fintech company founded in 2016 and headquartered in Sydney, primarily engaged in providing financial services through its mobile-first micro-investing platform. The company offers a range of products and services including automated round-up investing, recurring deposits, and lump-sum transfers into diversified portfolios comprising exchange-traded funds (ETFs), ASX-listed stocks, Bitcoin, Australian residential property via the Raiz Residential Property Fund, and themed equity baskets. Its product suite includes Raiz Plus, which offers customizable investment portfolios with exposure to over 160 individual shares and ETFs without brokerage fees; Raiz Kids, providing custodial investment accounts for children; Raiz Rewards, a cashback investing feature partnered with over 65 merchants; Raiz Jars, a goal-based savings tool for setting and managing distinct financial goals; Raiz Invest Super, a superannuation product; and Raiz Lite, designed specifically for first-time investors. The platform targets retail investors in Australia, particularly focusing on accessibility for new and young investors, enabling investing from as little as five Australian dollars. Recent major changes include the strategic partnership and equity investment by State Street Global Advisors in August 2024, acquiring approximately a 4.8 percent stake and collaborating to co-develop financial education, ETF, and retirement products while expanding financial literacy and customer education tools. Raiz has also diversified its product offering through launches such as Raiz Plus portfolios in 2023, Raiz Lite in August 2025, and the upcoming Raiz Academy educational platform. Operationally, Raiz refocused its business by divesting its previous Asian subsidiaries in Indonesia and Malaysia during fiscal years 2024-2025 to concentrate on domestic growth and profitability. Its financial performance saw robust Australian revenue growth with AU$21 million generated in FY 2024, positive EBITDA, improved gross margins, and increased average revenue per user. The company also deepens brand engagement through a continued media partnership with Seven West Media and increasing brand awareness via its "Raiz Your Game" podcast. Raiz Invest Limited operates within the diversified financial services sector, serving the Australian market with its fintech-driven wealth management and investment solutions, including product development for retail investing, savings, and superannuation. The company continues to innovate in micro-investing and wealth management with a focus on user-friendly digital products and education, managing over AU$2 billion in funds under management as of late 2024. It maintains a lean workforce and emphasizes scalable technology solutions for retail investors across Australia. This comprehensive and evolving product and strategic landscape positions Raiz Invest Limited as a leading digitally native fintech platform in the Australian retail investment market.