• Active Customers up 8.5% YOY to 317,995
• ARPU up 6.4% YOY to $75.68
• Total FUM up 32.4% YOY to $1.61bn

Raiz Invest Limited (ASX:RZI), a leading investment app, has reported its Q2 FY25 business update. Key highlights include: Active Customers up 8.5% year-over-year (YOY) to 317,995, with the number growing to 322,219 as of 25 January 2025; ARPU up 6.4% YOY to $75.68, driven by a changing product mix to higher revenue products; Strong growth in Funds Under Management (FUM), up 32.4% YOY to $1.61 billion, with net inflows of $183 million in Calendar Year 2024. Raiz's Super Moderately Aggressive Option was ranked #1 by SuperRatings. The company also launched Raiz Jars, a new product feature, and won the Finder Awards 2024 for Investment Innovation. Raiz maintained a strong cash position with positive operating cash flow of $700,000 and a $12 million cash balance. The company also announced the appointment of two new Non-Executive Directors, Ms Juliana Nguyen and Mr Paul Rogan, to the Board.

Raiz reported a 13.5% year-over-year increase in revenue to $5.95 million in Q2 FY25, driven by an 8.5% increase in Active Customers and a 6.4% increase in ARPU.

Raiz continues to focus on enhanced customer engagement and improving customer retention rates through new product development and increasing the lifetime value of customers. The company is well-positioned to generate further growth with the momentum in customer growth and engagement driving revenue growth, along with its scalable technology and operations.