Raiz Invest (ASX:RZI) has reported strong Q4 FY24 results for its Australian operations, showcasing growth and performance across key metrics including:
📲 Revenue Growth: Q4 FY24 revenue increased by 28.1% YOY to $5.5m, up 3.1% QOQ.
📲 Active Customers: Grew by 3.7% YOY to 306,776 as of 30 June 2024; 308,653 by 25 July 2024.
📲 Funds Under Management (FUM): Total FUM reached $1.4bn, up 23.4% YOY. Retail FUM increased by 22.2% YOY to $1.1bn, and Superannuation FUM by 28.1% YOY to $288m.
In FY25, we will continue to expand our product suite, with new additions to the Plus portfolio, incorporating Plus into the Super offering, launching automatic Raiz Rewards, and improving our marketing processes through AI tools to boost awareness, engagement, and retention.
We have a scalable platform for growth with a low marginal cost of trading and we continue to pursue both organic and inorganic growth opportunities to accelerate our growth trajectory.” Brendan Malone, Raiz Invest Managing Director and CEO
ASX announcement ⚡️ https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831704-2A1537489&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d