I decided to take another look back at the Sep update. I think...

I decided to take another look back at the Sep update. I think this is the graph that tells the best story for where RAIZ looks to be heading in the near term.
Take a look at how the Indonesia and Malaysia markets are accelerating. And marry that up with the company also having found a balance of monetising that growth in a way suited to the nuances of each of those markets (Refer to recent AGM preso). Yes they both pay a much smaller management fee than Australia, but that will change in time. And if you take Australia as an example, the company 'Doubled' there monthly fee about 12months back and customers still proved extremely sticky.... which I wasn't expecting (further proof how popular their product is). You can see that rev step change in the 2nd pic. DYOR