Raiz Invest Limited (RZI): April 2022 - 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 30 April 2022i.
Commentary
Raiz Invest Managing Director/Joint Group CEO George Lucas says: “Growth in Active Customers globally picked up in April and FUM remain above $1 billion despite weaker markets. Our Indonesian and Malaysian operations underpinned Active Customer growth with sound performances considering this month overlapped with Ramadan and the ongoing poor investor sentiment globally.
“Active Customers globally increased 2.1% in April. In Indonesia, Active Customers grew 4.2% in April, up to 240,550, and in Malaysia they were up 3.5% to 108,072. Also notable is the fact the number of customer sign-ups in Indonesia passed the one-million benchmark in April.
Great to hear CEO George Lucas will be coming on Strawman for a chat
It will be interesting how the deal with Seven West Media (6.6% stake) starts to play out with the assist (ing) in brand awareness and attracting new and old customers.
The $8 million SWM campaign, launched on 1 May, will significantly increase the Raiz marketing presence”.
Raiz kids was launched in late April as well
