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 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 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 (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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