Raiz swells to $2.32B FUM, new CEO targets M&A opportunities

Micro-investing platform Raiz Invest has unveiled another strong quarter of growth, swelling its funds under management by 27.5 per cent year-on-year (YoY) to $2.32 billion, while lifting active customers to over 351,000.

With a healthy balance sheet and confirmed goals, the company’s new chief executive officer Craig Keary says focus can now turn to accelerating growth, including an eye for opportunistic merger and acquisition (M&A) openings.

Raiz’s successful model is deceptively simple. Through an efficient mobile app hooked into a user’s bank card, the platform rounds up its user’s everyday purchases to the nearest dollar and funnels that spare change straight into a diversified investment portfolio. It’s a set-and-forget system that turns daily spending into a long-term wealth creation habit.

With a sustained push in funds under management (FUM) and new users, any dismissive thoughts of this round-up fintech model have well and truly been put to bed as the fintech now casts an eye upon its competition, for suitable accretive growth opportunities.

‘Focus on selective M&A opportunities that accelerate distribution or enhance our product suite.’

Raiz Invest chief executive officer Craig Keary

Raiz says its latest strong quarter added 11,140 new customers, pushing its total active user base to 351,362 for $2.32B in FUM, a 6.7 per cent lift YoY.

Importantly, the average account balance has climbed 19.5 per cent over the year to $6,609, while average revenue per user jumped 12.5 per cent to $86.86, thanks to fee adjustments and growing FUM.

The stickiness of Raiz’s repeat users and the resilience of its automated contribution model have allowed Raiz to confidently reaffirm its full-year guidance for underlying EBITDA in the range of $4.5 million to $5.5 million, with the company also sitting on a healthy cash balance of $15.4 million at the end of the quarter.

With its financial foundations securely set in profitable territory, the Raiz board recently decided the time was right to hand the baton to a corporate heavyweight capable of scaling the business to even greater heights.

Enter fintech and digital platform specialist Craig Keary, who officially took the reins as CEO in June, having recently manoeuvred online broker platform Selfwealth through its high-stakes takeover by international digital wealth player Syfe.

Keary has wasted no time in getting the product engine humming at Raiz, launching a refreshed app during the quarter as the company barrels towards access to US-listed equities and direct ASX trading.

The company’s higher-value products also continue to show strong uptake. The customisable Plus and Kids portfolios – designed to teach children about saving and investing – have surged in customers by 19.5 per cent and 26.2 per cent respectively.

Raiz says superannuation offerings are also gaining serious traction, with its Moderately Aggressive portfolio ranked number one in the Balanced category by SuperRatings for the second year in a row after delivering a 13.4 per cent return in fiscal 2026.

Raiz Invest chief executive officer Craig Keary said: “Raiz has a solid foundation of Active Customers, FUM, strong balance sheet and market-leading products for first-time investors. My ambition, as new CEO, is to accelerate growth through improved internal processes, disciplined execution, expansion of thought leadership content and a focus on selective M&A opportunities that accelerate distribution or enhance our product suite.”

With a solid foundation of active customers, a strong balance sheet and a suite of market-leading products, the new boss has signalled he is ready to get on the front foot. Keary has laid out an ambitious vision for the company’s next chapter, with selective mergers and acquisitions firmly on the agenda.

Under new management, armed with a clear mandate to hunt for strategic deals, Raiz Invest appears to have matured beyond being just a clever savings app for tech-savvy millennials. Rather, it has evolved into an institutional-grade fintech stalwart that has cracked the code on turning financial discipline into a profitable business. Supported by a strong cash base and a sticky glut of faithful users, the company looks ready to use its robust book to not only consolidate but enhance its place in the market.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au