Raiz funds swell to $2.4b riding young investor wave
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Raiz Invest saw its funds under management grow to 2.4 billion dollars during the September quarter. This represents an increase of 20.2 per cent. The growth was driven by an influx of younger investors. New capital totaling 69 million dollars flowed onto the platform. These trends fueled the rise in customer growth for the company.
Raiz Invest’s funds under management grew 20.2 per cent to $2.4 billion in the September quarter, as younger investors drove customer growth and $69 million flowed onto its platform.