Raiz Invest Q1 FY27 Business Update
Key points
- Active Customers increased by 5.6% YOY to 354,202
- FUM grew 20.2% YOY to $2.40bn
- ARPU up 2.9% YOY to $86.69
- Net flows of $69m onto the platform
- Initiated Transformation Program for sustainable growth
Full summary
Raiz Invest (ASX:RZI) reported a solid business update for the quarter ended 30 September 2026 (Q1 FY27). Active Customers increased by 5.6% year-over-year (YOY) to 354,202, with a slight decrease to 353,872 as of 29 October 2026. Funds Under Management (FUM) grew 20.2% YOY to $2.40 billion and 3.4% quarter-over-quarter (QOQ) to $2.38 billion. Average Revenue Per User (ARPU) rose 2.9% YOY to $86.69, and the average account balance increased by 13.8% YOY to $6,776. Net flows were $69 million, up 27.8% QOQ but down 9.2% YOY. Raiz also announced a Transformation Program to enhance capability, execution, and performance, focusing on customer acquisition, brand evolution, AI-enabled engagement, and wealth platform enablement. One-off costs incurred to the end of September were approximately $0.5 million. The company is currently unable to reliably estimate the financial impacts of historical tax matters and will provide further updates as the review progresses.
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