Raiz funds swell to $2.4b riding young investor wave

Resumen del corpus

Raiz Invest has grown its funds under management to $2.4 billion in the September quarter, driven by a wave of young investors embracing its digital wealth platform. Net customer inflows increased by 27.8% due to a growing customer base and increased investment activity, as average account balances climbed 13.8% to $6,776. The platform is appealing to younger demographics through its round-up investing model, with significant growth in Kids portfolios and increasing adoption of more sophisticated investment options.