Raiz Invest Limited (RZI): July 2021 - Key Metrics

Raiz Invest Limited (Raiz or the Company) today announced its Australian, Indonesian, and Malaysian Active Customers and Australian Funds under Management (FUM) update for the month to 31 July 2021i .

Commentary

Raiz Invest Managing Director/Global CEO George Lucas says: “Finalising our first acquisition, Superestate (via scrip), and including them in the Raiz numbers for the first time has accelerated our Funds under Management (FUM) growth in superannuation. Superestate added $71.6 million to superannuation FUM for a 69.8% increase and an extra 6,073 Active Customers.

“Superestate’s contribution aside, we were on target to hit our $1 billion FUM by the end of this calendar year. Our retail FUM gained a solid 4.4% in July and total FUM is $904.82 million.

“Despite the ongoing impact of COVID-19 in Malaysia and Indonesia, our operations in these two Southeast Asian countries remain on track, with Active Customers ahead 9.9% to 129,574 (up 26% for the three months to 31 July) in Indonesia, and up 10.5% to 72,982 (25.3%) in Malaysia.

“I am very proud of these numbers in both countries considering the challenges they are facing. We are very conscious of how COVID is having an impact on our staff and customers and their families, and our thoughts and best wishes are with them.”

Click on attached document to view Global Active Customers.