Raiz Invest acquisition puts residential property on its investment menu

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Raiz Invest, Australia’s largest mobile-first financial services platform, has opened a new investment channel – residential property – for its customers, with an agreement to acquire the holding company of the Superestate business via the issue of 5.3 million Raiz shares. Using a share price for Raiz of $1.7845 (sourced from a 10 day VWAP

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Raiz Invest has SMSFs in its sights

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Raiz Invest, Australia’s largest mobile-first financial services platform, is targeting the $730 billion self-managed super fund (SMSF) sector as part of its strategy to accelerate the growth in its Funds under Management (FUM). CEO Australia & Group COO Brendan Malone says: “We have established the process to allow SMSFs to invest in any of our investment

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Raiz Invest appoints new Chairman

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Raiz Invest Limited (Raiz or the Company) is pleased to announce the appointment of Kevin Moore as a non-executive director and Chairman, effective 1 December 2020. Moore, a digital marketing specialist who brings multinational board and governance experience to the role, focuses on growth companies with turnovers of between $10 million and $100 million. Moore has a corporate

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Raiz backs Parliamentary inquiry rejecting calls to ban screen-scrapping

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Raiz Invest, Australia’s largest mobile-first financial services platform, has welcomed the findings of a parliamentary committee that has rejected calls for an outright ban on screen-scrapping,  acknowledging that it found no evidence of consumer harm due to this practice. The Select Committee on Financial Technology and Regulatory Technology, which handed down its report into the 

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Raiz sees continued growth in customers and FUM

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Raiz Invest CEO George Lucas says, “It is pleasing to report continued growth during May, with a 1.2% increase in active customers to 220,955 and a 6.9% increase in total funds under management to $433 million. “This resumption of growth, in the past 2 months, is particularly pleasing as it follows dramatic market falls and

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Raiz wants ePayments Code overhauled to level financial services playing field

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Raiz Invest Limited, the largest, mobile-first financial services platform with more than 700,000 sign-ups, is urging an overhaul of the ePayments Code as one critical measure to increasing competition and level the playing field between the established financial players and the emerging Fintech sector. In its detailed submission to the Select Committee on Financial Technology

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Raiz successfully raises A$6.02 million via institutional placement

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Raiz Invest Limited (ASX: RZI) (Raiz or The Company) is pleased to announce the successful completion of a Placement of seven million fully paid shares at $0.86 cents per new share, raising a total of $6.02 million. Pricing for the Placement was determined via an institutional bookbuild and the placement price of $0.86 cents represented

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RAIZ continues to grow customers, FUM

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Raiz Invest Limited (ASX: RZI), Australia’s largest, mobile-first financial services platform designed to boost investing and savings in and outside of superannuation, has announced the active (paying) customers and total funds under management (FUM) update for September 2019. Raiz Invest CEO George Lucas commented: “Raiz continued to deliver strong growth across all customer categories during

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Another strong year of growth for RAIZ

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Raiz Invest Limited (“Raiz” or “the Company”) (ASX: RZI), a first of its kind mobile-led, consumer focused, financial services platform, has provided an overview of its FY19 financial results for the year to 30 June 2019. This should be read in conjunction with the annual financial statements to 30 June 2019. FY19 highlights vs FY18

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Raiz Invest Limited international expansion: Joint venture agreement executed with key Malaysian institution

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The JVA is with Jewel Digital Ventures Sdn Bhd (Jewel), a wholly-owned subsidiary of PNB Equity Resource Corporation Sdn Bhd (PERC), which, in turn, is wholly owned by Permodalan Nasional Berhad (PNB) (www.pnb.com.my). Jewel is the investment vehicle set up by PNB to spearhead its digital business strategy which aims to unlock digital value propositions

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