I feel they are very different businesses. For all intents and...

I feel they are very different businesses. For all intents and purposes Raiz operates more like Spaceship as a comparison. Douugh is more akin to a traditional bank (as much as they deny it). If only we could look at Up Banks financials, that would be a really good comparison, Up lives and dies on the interaction fee and customers need to actually use the product (5 purchases a month) in order to even qualify for their interest payment.

Douugh will be going beyond this as they can "sit" above any banking infrastructure that supports open banking, meaning they can be much more agile and enter into many more markets once their product matures. Their growth potential customer acquisition wise in the states and Australia will be more than enough to keep investors happy.