Raiz posted their latest results and I've highlighted my concerns about operating cashflow below
The cashflow decrease appears to be from increased expenses and there is not much detail on what professional fees are.
Granted last year was an exceptional year for Raiz
I'm hoping the increase in expense is just a one-off but you never know.
I only got interested in Raiz when they started pivoting away from Asia and back into the local market which seemed to have made a difference last year with the big increase in casflow.
[held]
Something a bit more positive and different to all the AI / deepseek discussion for a change.
Went through the previous straws a few months back that are 3 years old and thought "did I make a mistake?"
However, over the last 6 months, Raiz started introducing a diverse product offering on their micro-investment platform from standard, super and even a option for kids to invest and build a portfolio. To me this looked like a interesting "fintech" biz and I thought I'd give this one a go few months back.
And with the latest update, looks like there is some momentum with a positive business update today
* Positive operating cash flow of $700k and $12m cash balance.
* Active Customers 2 up 8.5% YOY to 317,995: Active Customers grew further to 322,219 at 25January 2025.
* ARPU (Average Rev per user) up 6.4% YOY to $75.68: Driven by changing product mix to higher revenue products.
* 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. But this is off a low base
[held]