Raiz Invest reported Q4 FY24 results with revenue up 28.1% YOY to $5.5m and total FUM up 23.4% YOY to $1.4bn.
Active customers grew 3.7% YOY to 306,776, while engagement increased across Raiz Plus, Raiz Kids, and Super products.
The company achieved four consecutive quarters of positive operating cash flow and is tracking towards positive EBITDA.
Raiz is focusing on its core Australian business, launching new products and features, and leveraging AI tools to enhance marketing and operational efficiency.
ASX Code: RZI