Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

I read in pages to pages and everywhere it says, RZI has reached its milestone of 1B ETF portfolio management.

Here are the few highlights of the news at Business Insider newspaper and link below:

https://www.*.com.au/raiz-financial-results-december


"Micro-investment platform Raiz has celebrated its end-of-year results, boasting over a billion dollars in local funds under management as Australians tip their cash into ETFs at record volumes."

"n overseas markets, Raiz celebrated the tripling of its Indonesian paying customer base, which hit 200,000 by the end of the quarter, and the growth of its Malaysian business to just under 100,000 paying users."
"Local ETF market capitalisation hit a record $136.9 billion over the course of the year, an annual increase of 44%."

Further to that - Seven Media has invested $10mil on Tuesday in the company.

"Market anxiety over Tuesday’s cost of living index and Raiz’ position in the broader tech stock sell-off may have also contributed to dampened activity.By 4pm, ASX-listed Raiz shares traded around $1.37, down from the intraday high of $1.50 and well below the August 2021 high of $2.03.That spike was driven by Seven West Media’s investment of $10 million in the company for a 6.6% stake."

Rize is going invest in advertising and growth which will create company value.

"Some $8 million of that investment will take the form of advertising across Seven’s massive broadcast network, which Raiz hopes will attract even more micro-investors through 2022 and beyond."

Love to invest more if I had some cash...