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 (RZI) partners with Swiss RE to develop tailored service offering

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Raiz Invest Limited (Raiz) has reached an agreement with Swiss Re Life & Health Australia Limited (Swiss Re) dated 22nd October 2018 (Agreement) to work exclusively with Swiss Re to jointly research and develop tailored and personalised superannuation insurance products using machine learning algorithms. This will initially be for its Raiz Invest Super product. The […]

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Recent political turmoil causing millennials to spend less

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With ongoing political unrest and the Royal Commission into the financial services industry, nearly half of millennials are spending less than six months ago and considering changes to their investment strategy. New research by Raiz Invest Limited, the mobile-first micro-investing platform, shows the recent political climate has made millennials more financially risk averse, with almost […]

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Raiz Invest brings financial insights to life with Facebook chatbot  

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Raiz Invest Limited, the mobile-first micro-investing platform, has launched a chatbot to improve the user experience. Customers can ask Ashlee specific questions about their account or the financial markets and get general customer support. Much like a personal fitness coach, the aim is to help Australians have a healthier relationship with their finances. With an […]

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Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance

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Versive, Inc., an award-winning AI-based cybersecurity company based in Seattle, U.S, has announced that Raiz Invest Limited (Raiz), a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations. Raiz provides customers an easy way to regularly invest either small […]

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Raiz Invest announces Public Offering

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Raiz Invest Limited (“Raiz” or “the Company”, formerly known as Acorns Grow Australia), Australia’s first mobile-led investing platform, yesterday announced the lodgement of its prospectus for the Company’s public offering  to raise over $15 million from investors. The offering, which is fully underwritten, will provide current Raiz customers with priority access, while also allowing institutional […]

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Acorns Australia plans to launch super fund in the Acorns Australia App

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Acorns Grow Australia has announced it is planning to launch a superannuation product, Acorns Grow Australia Super, to help Australians build wealth for retirement. Set to be available in March, the superannuation feature will be fully integrated into Acorns Australia’s existing app, familiar to a growing base of 400,000 signups. The planned introduction of a […]

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Instreet Investment increases majority ownership of Acorns Grow Australia

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Instreet Investment Limited has today announced that, through its subsidiary Instreet Acorns Pty Limited, it has increased its holding in Acorns Grow Australia Limited. Previously, Acorns Grow Australia Limited was a joint venture between Instreet Investment and U.S.-based Acorns Grow Incorporated. Acorns Grow Incorporated will keep a minority interest in the new ownership structure. As […]

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It’s all about getting the structure right says Instreet

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The boutique fund manager Instreet Investment has raised more than $1 billion since its inception in 2007 following a solid June quarter this year for its own and third party structured products business. Although these financial products have attracted less retail investor interest due to the falling number of independent financial advisors (IFAs) and a […]

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