How Australia’s #1 Investment App use insights and research into the millennial audience to inform strategy and grow tools for finance education

Raiz Invest Limited, the mobile-first micro investing platform, improving the financial confidence for over 164,000 Australians, is strategically using research and insights to continuously garner understanding and awareness of their customer needs, with the help of Dr. Jake An, Raiz Invest Research Phd and in conjunction with major Sydney Universities.

Dr. Jake An – Research & Development at Raiz Invest

Dr. Jake An applies his PhD theories to Raiz customers to improve the user experience and is now the brains behind the continuing research program of Raiz. His role is to merge his two passions, academia and research applying them to real world of financial literacy and behaviour. Working with Raiz since 2016, Jake identifies business problems and works directly with academics around the world – including Australia, Israel and Oxford University in the UK – to help solve them.

In a true success story, Jake came to Australia from Korea at age 11 and taught himself English, via economic and business text books. Jake has since hard-wired his brain for analysis since arriving in Australia. This passion for business and research led him to Raiz where he now works to dissect consumer behaviours to inform product development helping Australians become more financially savvy and set themselves up for the future. He believes that the critical element in furthering the growth of the FinTech industry in Australia and beyond, is tapping into the power of online word-of-mouth content.

Through his PHD, whilst at UNSW, Jake conducted research on the effectiveness of a company crafting the word-of-mouth message for a customer, rather than relying on customers to craft the message on their own. The research provides substantive marketing insights in terms of how FinTech companies can better design sharable word-of-mouth content, to generate greater customer referrals on digital platforms and create social benefits.

Managing director, George Lucas, said: “Jake needed a real-world test of his theories to complete his research and reached out to Raiz for assistance. He was instantly a hit and began working with Raiz to shift the company from a sale-oriented word-of-mouth (WOM) approach to a story-oriented WOM approach. Today, it’s an approach that’s borne great success for Raiz. From someone whose business career started when he requested his aunty to send him shoes from Korea which he could sell at Westfield Blacktown for a profit, to an expert in exploring the concept of word of mouth marketing to shape the Raiz brand, his story is one to call out in the finance industry.

The research is now a prime example of how data can empower customers by creating social benefits. The key benefit being that Raiz has now empowered customers to increase their personal influence and help others improve their financial confidence too. He is a motivation for millennials looking to educate themselves in finance.”

Jake is also informing Raiz’s business strategy and growing the brand through his application of concepts around pragmatic learning theories and how they can be applied to finance education through insights and research – a key element of the Raiz Invest platform today.

The work from Jake is a clear example of how education into the benefits of sound finance behaviours and the finance sector has contributed to building one of Australia’s most successful start-ups, who are using insights to understand the millennial audience to inform their strategy and continue to grow the brand as a tool for finance education.

The research conducted is currently under review with the Journal of Marketing, the leading international peer-reviewed academic journal in marketing and is also a finalist for Best Communications Campaign in the Australian FinTech Awards.

See our other blogs – ‘New research on money issues by Raiz‘

Media Coverage:

Adviser Voice – ‘Meet the brains behind Raiz Invest research and insights’

Australian FinTech – ‘Meet the brains behind Raiz Invest research and insights’

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

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Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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by John Liston – Nixer

For some, the tax season is a time people look forward to, having paid their taxes all year and are looking to get a nice refund to compensate for all the tax deductible expenses they have paid throughout the year.

There are a few new changes in legislation that can help the everyday Australian get some well-earned tax relief.

Deductible expenses depend on your industry; however, a general rule is that if your expenses have a direct correlation with earning your income, then you can claim it as a tax deduction. Then there is also your contribution to superannuation marginal rate, however a tax of 15% will be applied in the superannuation fund on these contributions.

Mobile Phone – tax deductions

If you use your mobile phone to make work calls, text messages or use the data for work purposes, then you can make a claim. To substantiate the claim, you will need to have a record that justifies the work-related percentage of your mobile phone expenses that you intend to . Please note that you are not able to claim mobile phone expenses if your employer reimburses you or pays your bill.

Motor Vehicle – tax deductions

You can make a claim for work related travel (and vehicle expenses provided they meet the eligibility criteria, such as keeping a log book or a log of work related kms. An important point to note here is that you can’t claim travel from work to home or vice versa. Click here to refer to our help section for more information on this.

Ensure your health insurance is at the correct level.

If your income is $90,000 as a single adult or $180,000 for a family and you don’t have private health insurance, then you will be required to pay the Medicare Levy Surcharge (MLS). The MLS is at least 1% of your adjusted income and basic private health insurance is usually less than 1% of your income.

Based on this information, it could be cheaper for you to take out private health insurance instead of paying the Medicare levy surcharge.

Have a look into what private health insurance is relevant to your circumstances and then work out if it would be cheaper for you to have it than not have it.

Income protection insurance – tax deductions

Income Protection Insurance is an insurance that will replace your income if you are unable to work due to injury or sickness.

One of the benefits of having Income Protection Insurance is that it is Tax Deductible if it covers your regular income!

Claim your donations – tax deductions

The ATO allows people to claim a tax deduction for any donations given to a deductible gift recipient (DGR)!

You are allowed to claim a tax deduction for a gift if it meets the following conditions:

The gift must be to a DGR
The gift must be money or property
The gift must be a gift, which basically means you receive nothing in return

Click here for more information

______________________________

About Author:

Want your tax done in less than 10 minutes? Head to nixer.com.au, enter your details and Nixer will do the rest. Nixer is Australia’s most innovative online tax agent, offering a unique online tax experience built for Raiz users. Plus as a Raiz user, you receive a special $10 discount on your tax return and $5 invested back into Raiz account when you lodge. Please check your emails for this offer or find Nixer through Raiz Rewards as you must sign-up through your unique link or code.

Every tax return is carefully reviewed by Nixer’s team of qualified accountants to check for accuracy and to help you find extra deductions.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Raiz Rewards is our cashback or rather “cash-forward” loyalty program, accessed on the Raiz mobile app or website. We’ve transformed loyalty by giving you the opportunity to earn cashback with some of your favourite brands.

You shop online as normal and the retailer you shop at automatically invest a Raiz cash reward back into your Raiz account just because you made a purchase.

From June 2019 – September 2019, we invested over $193,000 back into our customer’s Raiz Invest and Raiz Super accounts.

Since inception, we have invested over $1,000,000 back into our customers Raiz Invest and Raiz Super accounts, with the average Raiz Reward per transaction being $5 invested.

For more information on Raiz fees, click here.

Better than loyalty points!

Racking up points which you can redeem later have been the traditional model for rewards programs. With Raiz Rewards, just by clicking through our links, you can earn a cash reward on eligible purchases.

We’ve partnered with over 200 retailers to fund either a percentage or a fixed dollar cashback which appears into your Raiz Account. Raiz Rewards sets a new standard for rewards programs by helping you invest in your future through your purchasing behaviour.

This feature helps customers who shop online to increase their savings, meet their financial goals, and improve financial confidence. In addition to the cashback, we also work with brands individually to provide special promotions for our Raiz customer base. Watch out for our in-App messages.

How does Raiz Rewards work?

With the click of a button (or tap of a finger), you could be on your way to receiving cashback after making a purchase with one of our partners.

Simply go to the Raiz Rewards section in the Raiz Invest app. Find the brand you’d like to purchase from and click the ‘Shop Here’ button. You’ll then be redirected to the partner’s site where you must make your purchase immediately without clicking any other external links.

Where do Raiz Rewards appear?

The Raiz Reward will typically appear back into your Raiz account within 30 days from the date of purchase. You can view the total amount of Raiz Rewards invested by clicking the History tab in the app. You can see the history of Raiz Rewards invested from specific partners in the partner’s page under the Raiz Rewards tab.

Please refer to individual partner terms and conditions before purchasing to understand eligibility requirements and when to expect a Raiz Reward deposited into your account.

Where does the reward come from?

Brands pay us either a percentage or a fixed dollar amount per sale which we use to cashback to you as a Raiz Reward. Essentially, we use the money to buy shares on your behalf which are invested back into your portfolio.

What brands do we partner with?

We partner with many local and international brands across a variety of categories in our Raiz Rewards section. We currently have partners in fashion, food, travel, tech and more.

We’re also constantly on-boarding new partners so be sure to check the app and any communications about new partners. This means more opportunities for more rewards into your Raiz account.

Start earning cashback through Raiz Rewards now in the Raiz mobile app or web app:

Open Raiz app — Click here to open Raiz Rewards

Articles in the Media:

‘Shop Smarter’ – Whimn

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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New research on money issues by Raiz Invest Limited, the mobile-first micro investing platform, improving financial confidence for over 160,000 Australians, has found that financial stress is having a negative impact on the sex lives and wellbeing of millennial Australians. The research found that men are more likely to believe that financial stress has a negative effect on their sex life than women, whereas women feel the impacts on their wellbeing. Almost one in 10 (nine per cent) admitted they would sacrifice their relationship for financial confidence. Previous research conducted by Raiz found that money issues are a significant cause of stress in young people.

The survey identified the differences in financial stress on men vs. women. It also looked at confidence levels of 1,000 respondents when it came to money issues, debunking many of the myths around financial security along the way.

Women more financially stressed than men

The findings revealed that 42 per cent of women often / always felt financially stressed, compared to just 28 per cent of men. Women felt this stress impacting their wellbeing, stating the regular side effects of financial pressures included sleepless nights (65 per cent), depression (64 per cent), and illness (45 per cent).

Raiz Invest managing director, George Lucas, said: “We hope taking active steps to managing personal finances, like using the Raiz app should be empowering. As financial confidence increases, we hope to see the negative wellbeing impacts diminish. This year, we’ve already seen women account for 41 per cent of new Raiz investors. We hope to see this number increase year on year to contribute to lower levels of financial stress currently evident amongst young women.”

Male sex life impacted by financial stress

Despite women being more financially stressed, men are more likely to believe that financial stress has a negative effect on their sex life, with a third of male respondents telling us this has an impact.

There were also clear differences in attitudes toward financial stresses and sexual sacrifices – with women (three out of ten) much more likely to give up regular sex than men (28 per cent vs. 16 per cent) to achieve financial security.

“Not surprisingly, financial stress has a differing burden on men and women in their everyday lives. There is still education that needs to be done when it comes to managing expenses, savings and investments, with platforms like Raiz empowering customers to increase financial confidence and hopefully reduce financial stresses. Raiz understands that personal finances can be difficult to manage and plan, which is why our platform aims to automate the process to work in the background of life to improve savings/investing and manage expenses and hopefully improving other parts of their life that don’t really need to be sacrificed” Lucas said.

Millennials more confident about their financial future

Despite the finding on stresses related to money issues the research found that 42 per cent of respondents are confident with their current financial status.

Lucas added: “The preconception that millennials think they will never own a house needs to start changing. We are seeing a significant trend of millennials making smart finance decisions by investing and building wealth for their futures, particularly with the research revealing that young people are feeling more confident about achieving their financial goals in future.”

See more on our blog: ‘Is the Great Australian Dream still a reality?’

To learn more about Raiz Invest and Raiz Invest Super visit www.raizinvest.com.au.

Media Coverage:

Yahoo! 7: Study reveals a third of women would choose financial security over regular sex
Men’s Health Australia: 1 in 3 Men Say This Lifestyle Factor is Affecting Their Sex Life
Daily Mail Australia: A Third of Australian women would give up regular sex for financial security – so do you agree?
Sydney Morning Herald: I had no idea about money: how Sandy found a spare $6000
- Also appeared: Brisbane Times, WA Today, Canberra Times, The Age and Stuff NZ
Inside Small Business: Money issues creating strain in the bedroom
Dynamic Business: Research: Money issues causing strain in the bedroom

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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By
Phil Usher

The difference between rich and wealthy, is that getting rich is just
about the accumulation of money. It can come and go, and if someone who’s rich
loses their money, they may have trouble regaining that or rebuilding again.

When we talk about building wealth, we generally think of
numbers or how we can increase our income, how we can invest, or how we can
make better decisions based on numbers. But wealthy people are also doing things that aren’t numbers
focused.

History is full of lotto winners that end up broke in a
matter of a few years after winning big, or sports people who are great at what
they do but not so much with their money.

But for wealthy people, it’s very much a mindset. This blog will go through
five things that wealthy people do on a regular basis that make them
financially successful. Of course this isn’t a “every millionaire does this” or
“do these things for guaranteed wealth”, it’s more a look into consistent
behaviours of the most successful and wealthy people.

1.
Exercise

First up is that they exercise. Generally they’re exercising
for at least 30 minutes a day, and they’re doing that around four days per
week. It’s not a lot, it’s not a huge commitment, but research shows that
people who exercise have much better outcomes in terms of the way that they
think, getting clarity in their life, and making decisions.

There is tons of research out there on exercise. I’ll let
you see what you can find, but exercise is something that wealthy people do
constantly.

Richard Branson is notorious for kite surfing and jogging.
And billionaire owner of the Dallas Mavericks, Mark Cuban says he does 1 hour
of cardio 6 or 7 days per week!

2.
Read

Wealthy people read. A lot of research has come out saying
that CEOs, top-level CEOs, are reading on average 60 books per year. 60 books
compared to about one or two that everyone else reads.

The information that you get from books is unbelievable. It’s
something that you can’t access anywhere. The dense information that you can
get in your ear through audio books is also an efficient use of time! You can
read for half an hour per day while your exercising. That’s health and wealth
in one hit! And I’m not necessarily just talking about fiction books either,
it’s non-fiction and ways that you can learn to improve your thinking. Do a
healthy mix between the two.

Bill Gates says that he reads 50 books per year and Warren
Buffet says he reads 5 to 6 hours per day!

3.
Network.

A lot of people say that your network is your net worth.
That means that you’re getting exposed to other people and it opens the doors
for many other opportunities. You’re not going to be able to build your wealth
just by sitting in your back room and keeping to yourself. You’ve got to get
out there, you’ve got to get to events, you’ve got to talk people.

Some of my biggest sales have come from just going to a
networking event, exchanging my card, having some food, and having a beer with
a decision maker. Prior to that, I’ve tried cold calling or I’ve tried dropping
in and they’re always too busy, but when you get face to face with someone, and
they can see what you’re like as a person, that’s when the opportunities can
really start to open up. So, get out there and start networking.

4.
Mentors

Arnold Schwarzenegger says in his book, “There’s no one
that is self-made.” Everyone has mentors, everyone has guides, everyone
has coaches, advisors. Find your mentors, find people who’ve been there and
done that with that experience.

It doesn’t necessarily have to be face to face, that’s
ideal, but I understand that it can be limiting. For me growing up, I had my
father as a mentor, but looking beyond that, in terms of building wealth, I
turned to books.

Having those books, having those people that have built billion
dollar fortunes, and seeing what decisions they make and how they operate, is
what I’ve used as mentoring as well.

Ask business owners or investors you look up to. But don’t
come out and ask ‘hey can you be my mentor?’ Play it cool. Go for coffee and
follow up with a few emails.

5.
Gratitude

Wealthy people practice gratitude every day. There’s nothing
worse than thinking and comparing yourself to others and saying how far you are
behind. Instead of saying I don’t have this, be grateful for what you do have.
There are plenty of people out there who believe that you are living a version
of their best life.

So if you’re getting sick and tired of going to work, rather
than waking up and saying, “I have to go to work today,” wake up and
say, “ I get to go to work today,” because there are plenty of people
who are out there struggling that don’t have employment who would like to be in
your opportunity and take advantage of what you have.

So, practice some gratitude. It changes that way you think,
you become a lot more satisfied with life, so you’re not out there chasing the
material things. Instead, you’re starting to chase what feeling gratitude allows
you to become.

By building your mindset, this is the muscle that you need
to raise your wealth. Once you’re able to start to doing that, and hone that,
then the money part will become easier. It’s probably 80% mindset and 20%
process, so by working on your mindset, this will go a long way towards raising
your wealth.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Whilst you don’t care
about retirement now (we get it, why would you if you’re young?), we can almost
guarantee you that one day you probably will. This may happen when you start a
family or just when you get older (which also we can pretty much guarantee). So,
don’t forget that your Superannuation is still
your money, just like it is your money in a bank account or your Raiz
account. You have spent time learning
to be more financially confident, so it is just as important to understand
Superannuation and how to get the most out of it.

How is your Superannuation funded?

Your employer will pay contributions
to your super fund on your behalf. It’s required that your employer pays at
least 9.5% of your salary at all times. However, it may be a great idea to
explore boosting your super balance even further and letting the power of
compound interest do its magic if you can afford it. Like the Raiz Philosophy
of investing small amounts regularly, what might be insignificant amounts now,
will add-up over your working life and could mean a big difference to your
lifestyle upon retirement.

Last year, the government
announced you can also voluntary contribute on top of the employee guarantee
payment further, cash taking the total up to $25,000 per annum and that this contribution
will be before tax (check with your advisor or superannuation fund on how this
is done). This extra ability to do voluntary contribution rolls forward for 3
years. This means if you didn’t voluntarily contribute this year, your cap
rises to $50,0000 the following financial year ($25,000 from first year, and
$25,000 from the second year).

What’s the first step to getting your Super under control? –
Consolidate.

Every year, billions of
dollars are lost in fees paid to manage and administer your super, mainly due
to a lack of consolidating your super. This is because many superannuation
funds charge a flat fee for administration. If you’ve had a lot of jobs
(casual, part time or full time), you may have all your money sitting in
separate funds or lost supers and having to pay flat fees on each fund. Consolidating all
these into one super fund could help you save on fees and help you feel more
financially confident by managing this money all in one place. Tools such as
Raiz Super, once fully launched, can help you search for all your Supers
through your TFN and can consolidate them on your behalf. For more information on Raiz fees, click here.

Did you know?

Australia was one of the few countries to avoid a major recession during the GFC, with some economists believing that Australia’s superannuation system is what helped prevent it.
Australian superannuation is the fourth largest asset pool in the world and totaled approximately $2.6 trillion in 2017.
All Superannuation products in Australia, including Raiz Super, are governed by five separate regulatory bodies including Superannuation Complaints Tribunal, Australian Taxation Office, Australian Securities and Investments Commission, Australian Prudential Regulation Authority and the Department of Human Services

Why is Super important?

Today, the average person changes jobs ten to fifteen times during his
or her career. Future generations are predicted to have this increased to 17
employer changes across five different careers. This means it will be more
important than ever to know where your superannuation contributions are going,
and how you can make the most out of it for your retirement by reducing the
fees you pay now. We know you probably
don’t care about retirement now, but you will one day. For this reason, like
your bank or Raiz account, your superannuation fund should never be out of
sight, or out of mind. It is your money and your funds for living a comfortable
future 🙂

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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1. An active Raiz Account must be held (account balance greater than $5). Raiz account holders hold valid accounts as set out in the product disclosure statement found on the website: www.raizinvest.com.au

2. Entries open Thursday 24^th May 2018 at 5.30PM and entries close Thursday 31st May 2018 at 5.30PM. To enter, one must comment on the Facebook post within the time frame stated above.

3. Raiz Invest will select five winners with a $100.00 credit investments in their active Raiz Investment Account. These five investments will be selected at Raiz’s discretion.

4. These five Raiz Account holders will be requested to message us their email and will be notified by email when the credit investment is deposited into their Raiz account by Friday 8th June 2018.

6. The permit number in the format “NSW Permit No.

LTPM/17/02522.”

7. This promotion is in no way sponsored, endorsed or administered by, or associated with any other third party.

8. By entering this promotion, you agree that we may use entries for future marketing purposes in any media or branding.

9. The competition is promoted by Raiz Invest Australia Limited, Level 11/2 Bulletin Place Sydney 2000 NSW, 1300 754 748. ABN 26 604 402 815, who is the Authorised Representative of AFSL 434776. The Raiz product is issued in Australia by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) and promoted by Raiz Invest Australia Limited (ACN 604 402 815). A Product Disclosure Statement dated 1st June 2017 for this product is available on the Raiz website and App. A person should read and consider the Product Disclosure Statement in deciding whether or not to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement, and include the risks that would ordinarily apply to investing.

NSW Permit No.

LTPM/17/02522

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Media Release

10 May 2018

Raiz Invest Limited (“Raiz” or “the Company”, formerly known as Acorns Grow Australia), Australia’s first mobile-led investing platform, today announced the lodgement of its prospectus for the Company’s public offering to raise over $15 million from investors.

The offering, which is fully underwritten, will provide current Raiz customers with priority access, while also allowing institutional and retail investors the opportunity to participate. Shares will be issued at $1.80, valuing the company at approximately $119 million. The offer is expected to close on 1 June 2018 with official listing targeted for 21 June 2018.

Raiz is a first of its kind Australian, mobile-led, financial services business offering customers an easy way to regularly invest either small or large amounts using its micro-investment platform available via the app or the web. Raiz’s model is centred on breaking down the barriers to investing, giving customer’s confidence in their finances and offering products driven by their feedback and needs. Its end-to-end technology platform, including registry, operations, administration, fund management and customer communication, allows Raiz to deliver a superior customer experience and build-out its product portfolio.

Since launching in 2016, Raiz has achieved solid growth, amassing over 440,000 signups, with over 155,000 active monthly customers and over $170 million funds under management. The business most recently changed its name from Acorns Grow Australia to Raiz Invest. It is well known for its ‘Round up’, which allows customers to invest spare change from purchases.

With significant first mover advantage in technology-led financial services and having now established its core micro-investing product feature, together with a loyal and growing customer base, Raiz is well placed to expand its unquie and simple business model both domestically and offshore. Funds from the offer will be used to support the Company’s growth strategy to expand its products and services and also extend its offering offshore, thereby increasing customers.

Managing Director of Raiz, Mr. George Lucas, said, “The public offering of Raiz marks the next step in the growth of the business as we seek to expand our customer base in Australia, offering customer-led innovative products, such as superannuation, and expand into South-East Asia. Raiz has improved financial literacy, financial inclusion and broadened capital market participation in Australia and this is an attractive proposition for South-East Asian markets.

“As part of the offering, we are excited to offer current customers the opportunity to invest and participate in the future growth of our business.

“In the more than two years that Raiz has been in operation, it has received overwhelming positive support and feedback from its customers about its affordable service, reflected in the strong growth in active customers and funds under management that we have achieved.

“Through technology, we are breaking down the barriers that have previously prevented many Australian’s from saving and investing. This helps our customers to build confidence in managing their own finances as well as increasing their financial literacy. Our philosophy of investing small amounts regularly has resonated with our customer base. Raiz makes this happen automatically, in the background of life, reducing some of the stress associated with managing your finances.”

Raiz’s competitive advantage is that it leverages technology to offer and facilitate the provision of affordable financial services and products at a lower cost, with greater efficiency, than a traditional financial services business. The business is able to cost-effectively tap into Australia’s huge appetite for financial services.

Timetable Dates

Lodgement of Prospectus with ASIC

Wednesday, 9 May 2018

Offer opens

Thursday, 17 May 2018

Offer closes (5pm)

Friday, 1 June 2018

Settlement date

Wednesday, 6 June 2018

Expected commencement of trading on the ASX

Thursday, 21 June 2018

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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From George Lucas (Managing Director/CEO):

I would like to thank everyone for the support around the name change to Raiz and the associated rebranding. It was an arduous process for us and we still have lots of work to do to ensure you that all the qualities of the old Acorns remain. We also want to ensure that Raiz gives us a platform and opportunity to improve the features of the App and the service we provide to you. I believe becoming an independent Australian company will allow us to achieve these goals.

Finding a unique name in financial services wasn’t easy. We started with a list of over 500 names. From the top 50 names, we did URL searches and found they were all taken. We then looked at the next 50 names, some were taken when we did the URL search, the rest failed when we did trademark searches. Therefore, in the end we needed one that could be uniquely spelt and one we could build our new brand around.

Despite these limitations, we picked Raiz based on the feedback from our community, wanting us to at the foremost continue championing the opportunity to raise your wealth, raise your financial confidence and raise your investment knowledge, all in the background of life. For more information on Raiz fees, click here.

For those who need a meaning to the word Raiz, it also symbolises the root of a plant, continuing the idea of growth and the importance of having the right foundations to raiz your wealth. For me, it is about ensuring that the team can create a personality around the name which will continue allowing us to enable your financial confidence and wellbeing.

Thanks again for your support and feedback – good and bad. Please update the App with the new name and brand by going to the “Updates” section of the app store. Look out for the new releases and more new features coming to your App Store soon!

George Lucas
Managing Director/CEO

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Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Today, we are sad to farewell the original US Acorns brand, and excited to announce the launch of our new brand and name. It has felt like a long journey for us over the last 2 years, which has led us to becoming an independent Australian company. We couldn’t have done it without your support.

Acorns Australia business is changing its name to Raiz.

We are the same same, but different name. Whilst our name has changed, the App, our service and our commitment to raiz your financial confidence remains the same. The new App will be released overnight, and the old App should continue to work.

So what do you need to do now? Nothing. Not a single thing. We are taking care of everything to ensure this transition is as smooth as possible and does not interrupt the experience you know, and we hope love.

This hasn’t been easy, so we appreciate everyone who has given us feedback, support and suggestions in shaping the new brand.

Over the coming week, you will start to see our new brand rolling out across our social pages and emails.

If you have any questions or concerns, we are always here to listen. Please feel free to contact us through support@raizinvest.com.au or call us on 1300 754 748.

Thanks for your support,

Your Raiz Invest Team 😊!

Click to view our video here

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

Read Post

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