Comparing apples to oranges. Bamboo only has 5000+ downloads on...

Comparing apples to oranges. Bamboo only has 5000+ downloads on the play store...compared to Raiz’s 100000+ downloads. Raiz’s only competition at the moment is Spaceship and gotta give credit to Spaceship they are doing a lot of things right. Raiz increased their fees and that’s fine as long as they keep improving the app. The more you charge the better experience you need to deliver for users. Glad Raiz has moved into South-east Asia and if they can take advantage of that first mover advantage and really aggressively market Raiz to build up that initial customer base...it will pay dividends years down the lane. Account sizes in Asia will always be 1/5th the size of average account sizes of Australian customers and that’s completely fine as long as customer acquisition is parabolic. Raiz really needs to push their marketing strategy to capitalise on the first mover advantage before other players start entering the market..which they will eventually...so this year is crucial for Raiz in Asia.