Raiz's innovation drives funds growth despite market jitters
Raiz Invest, a micro-investment platform, achieved a record $1.65 billion in funds under management, despite market volatility. This surge was fueled by product innovation and strong customer engagement. The fintech company's quarterly results included a $60 million net inflow, a 67.9% increase, and a 23.1% year-over-year rise in total funds. Raiz also saw revenue growth and an increase in active users. Raiz's success is attributed to its innovative platform, including Raiz Jars, and its focus on long-term wealth creation. The company also received an award for its Raiz Plus product.