Business
The Raiz (ASX:RZI) share price is rocketing 16% higher today
The Raiz Invest Ltd (ASX: RZI) share price is flying more than 16% higher today, following a positive trading update from the company.
What did Raiz announce?
Raiz provided the market with an update on its performance for January 2021. The fintech company is a mobile-focused micro-investing platform that operates in Australia, Indonesia and Malaysia.
In its release, Raiz said total funds under management (FUM) in Australia had a growth spurt of 5.5% for the month, bringing total FUM to $639.08 million.
In addition, the company reported a 9.5% increase in active customers in Australia to a total of 376,198 users. Strong growth in active customers was also achieved in Indonesia and Malaysia, with the company reporting a 15.6% and…
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