Raiz Invest Limited reported a 29.2% annual revenue growth to $5.6m in Q3 FY24, with a 3.7% quarterly increase in Australian active customers to 303,938 and a 10.5% quarterly growth in Funds Under Management (FUM) to $1.34bn, alongside a successful launch of an AFL/AFLW marketing campaign and the exit from Indonesian operations.
The company also highlighted a 9.3% increase in Annualised Average Revenue Per User (ARPU) to $75, driven by strong uptake of new products like Raiz Plus, Raiz Super, and Raiz Kids, and maintained a positive operating cash flow of $1.82m.
ASX Code: RZI