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Why is RZI up 8.96%?
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RZI:ASX
RAIZ Invest Ltd
A$0.36
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+8.96%(+0.030) 1D
Oct 20, 4:10:23 PM GMT+11 · AUD
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All symbols
| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for RZI...
Open
A$0.34
High
A$0.36
Low
A$0.34
Mkt. cap
37.90M
Avg. vol.
314.79K
Volume
13.00K
P/E ratio
10.88
52-wk high
A$0.96
52-wk low
A$0.26
EPS
A$0.03
Shares outstanding
105.39M
No. of employees
42
Open
A$0.34
High
A$0.36
Low
A$0.34
Mkt. cap
37.90M
Avg. vol.
314.79K
Volume
13.00K
P/E ratio
10.88
52-wk high
A$0.96
52-wk low
A$0.26
EPS
A$0.03
Shares outstanding
105.39M
No. of employees
42
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Profile
Raiz Invest Limited is an Australian fintech company that operates one of the country’s most-downloaded micro-investing and spare-change investing apps. Through automated “round-ups”, recurring deposits and lump-sum transfers, the mobile platform invests customer funds into diversified portfolios of exchange-traded funds alongside options for Bitcoin, Australian residential property and themed equity baskets. Raiz positions itself as a low-cost digital robo-advisor and wealth-management provider, extending its offering to superannuation via the Raiz Invest Super product.
Since launch in 2016, the service has grown a predominantly millennial user base: about 70% are aged 18–35 and more than four-fifths add money to their account at least once a month. Investments can start from as little as AU$5, and the app holds average ratings of 4.8/5 on the Apple App Store and 4.5/5 on Google Play from over 50,000 combined reviews. As at 24 November 2024 Raiz managed **AU$1.59 billion** for **315,634 active customers**, up 31.8% year-on-year, and reported FY 2024 Australian revenue of **AU$21 million** with positive EBITDA of **AU$1.3 million**. Wikipedia
About RAIZ Invest Ltd