Raiz swings to first-ever $3.5m profit as funds top $2.3B
--------------------------------------------------------------------
Source: The Age
Published: 2026-08-27 13:57 UTC+10:00
Section: Business / Companies
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
--------------------------------------------------------------------
Snippet:
Micro-investing fintech Raiz Invest has capped off a bumper financial year, swinging from a $400,000 loss in 2025 to bank a maiden net profit after tax of $3.5 million in 2026. Total revenue grew by more than 21 per cent to a hefty $29.2 million, while funds under management (FUM) surged to a record $2.32 billion.
--------------------------------------------------------------------