Raiz reaches over $1b in FUM
Micro-investing and fintech platform, Raiz Invest has announced that it managed to meet its funds under management (FUM) target of $1 billion by the end of the 2021 calendar year.
The company told the Australian Securities Exchange (ASX) today that it had achieved the target despite the uncertainties generated by the omicron variant.
Raiz Invest managing director and joint group chief executive, George Lucas said that December had seen a deterioration in business conditions with the new variant of the COVID virus proving extremely contagious.
“It sparked an unexpected significant increase in cases in the eastern states, catching people and governments off guard and interrupting the festive season.
“Despite this setback our FUM continued to increase and is now well over the $1 billion FUM target we set for the end of calendar year,” he said.
Lucas noted that FUM had grown by 70.8% over the 12 months.
Exactly
Useless ASIC writes another report about excessive breach reporting where ASIC admit mass complaints about a crap crazy Red Tape…
MIS remain the biggest blow ups and impact on CSLR. Yet Mulino still refuses to include MIS directly in CSLR.…
“ remove the traditional cost and access barriers to advice” NGS say. Lies, lies and more Lies. The cost is…
MIS have been frozen, frauded & failed for 30 years to the tune of $$$$Billions and some Govt & ASIC…