Raiz Invest Announces Strong Q2 FY25 Performance in Key Growth Drivers
28 January 2025 — Raiz Invest Limited (ASX:RZI) (Raiz), a leading investment app, is pleased to present its business update for the quarter ending 31 December 2024 (Q2 FY25).
Key Highlights
Active Customers up 8.5% YOY to 317,995: Active Customers grew further to 322,219 at 25 January 2025.
ARPU up 6.4% YOY to $75.68: Driven by changing product mix to higher revenue products.
Strong growth in Funds Under Management (FUM): Total FUM of $1.61bn up 32.4% YOY (QOQ: +6.3%), driven by strong growth in netflows of $183m in Calendar Year 2024 (CY24) (CY23: $57m) and positive investment markets. FUM increased to $1.67bn at 25 January 2025.
Raiz Super Moderately Aggressive Option rated #1 by SuperRatings: Ranked against other balanced super options over 12 months to 31 December 2024.
Continued product innovation: Raiz Jars finalised for launch in January 2025 Winner of Finder Awards 2024 for Investment Innovation
Strong cash position: Positive operating cash flow of $700k and $12m cash balance.
Quarterly business update overview: To watch an accompanying overview of the quarterly business update, and ask any questions, please visit the Raiz Investor Hub.
