Its all well and good to get a license to another coubtry who has a large proportion of thier population in the Millennial catagory, but why arent you progreasing in Australia? Why has FUM and active customers plateaued or decreased?
Management need to address whats going on. I believe its linked to the businesses direction to go down the rewards/spending program. It goes against the company's purpose.
We will see another capital raising in the next 6 months as they havent accelerated revenue to positive cash flow. Buyers beware of any spruking released to come through.
DYOR
Ann: Raiz gets licence to distribute Mutual Funds in Indonesia, page-2
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