July 2022 Monthly Metrics from ASX listed Raiz

Australian fintech market updates and news

Raiz words in black with logo to the left on a white background

Raiz released their Monthly Metrics

Active Customers: 660,624
Global FUM $ $1,009.66 (including Indonesia and Malaysia)
Retail $803.04m
Superannuation $192.63m

Raiz Invest Managing Director/Joint Group CEO George Lucas said in an ASX Public Announcement :

"July gave Raiz a very positive start to the 2022-23 financial year. The pick-up in market sentiment after the heavy selling in the April-June quarter due to inflationary fears and disruptive macroeconomic events saw FUM rise sharply by 5.8% to $1.01 billion – back above the $1 billion benchmark first achieved late last year.

Active Customer numbers also increased in Australia, Malaysia, and Indonesia, with the latter recording the biggest increase at 2.6% to 259,944.

Although the Indonesian and Malaysian FUM numbers only comprise a small percentage of total FUM, we are pleased to present these numbers for the first time, confident they will steadily grow.”