Customer growth is very hard at the moment as the market is a bit doom and gloomy. I think you'll see higher adoption rates if markets go up/ enters a bull phase.
The problem they have is they have appealed to the least able to invest - so FUM per user will always be low.
But they are a unique product with a very user friendly app. They are the only product that cost effectively targets a younger, tech savvy consumer that I know of.
Biggest mistake was changing from Acorns to Raiz.
Ann: Funds Under Management & Active Customers - December 2018, page-4
Add RZI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $38.18M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 39.5¢ | $9.151K | 23.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19380 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 62783 | 4 |
View Market Depth
| Last trade - 12.47pm 29/08/2024 (20 minute delay) ? |
| RZI (ASX) Chart |