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Raiz Invest Ltd. ( (AU:RZI) ) just unveiled an update.
Raiz Invest Ltd. reported strong growth in Q3 FY25, with a 6.9% increase in active customers and a 5.9% rise in ARPU. The company saw significant inflows of $60 million, boosting its funds under management to $1.65 billion, a 23.1% year-over-year increase. The launch of new products like Raiz Jars and the recognition from the Canstar Innovation Excellence Awards have bolstered its market position. Despite market volatility in March, Raiz maintained a positive cash flow and a strong cash balance, indicating robust financial health and continued expansion across all customer segments.
More about Raiz Invest Ltd.
Raiz Invest Ltd. is a financial technology company based in Australia, focusing on micro-investing and personal finance management. The company offers a range of products including Raiz Kids, Raiz Jars, and Raiz Plus Portfolios, catering to various customer segments such as parents and superannuation investors.
YTD Price Performance: -13.55%
Technical Sentiment Signal: Buy
Current Market Cap: €30.7M
For an in-depth examination of RZI stock, go to TipRanks’ Stock Analysis page.