Raiz Invest Ltd. (AU:RZI) has released an update.
Raiz Invest Ltd., a prominent investment app, reported a significant 28.1% year-over-year revenue increase to $5.5 million in Q4 FY24, with Funds Under Management (FUM) also rising by 23.4% to reach $1.4 billion. The company saw a 3.7% growth in active customers and a notable performance in its Super’s Moderately Aggressive option, ranking as the second top-performing Balanced Super Fund with a 12.1% return. Raiz attributes its financial success to product innovation, customer engagement, and strategic marketing, including the use of Generative AI tools.
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