Raiz Invest Accelerates Growth with 27.5% Surge in Funds Under Management
Raiz Invest reported robust Q4 FY26 growth with active customers climbing 6.7% and funds under management hitting $2.32 billion, while confirming FY26 profitability guidance.
- Active customers reach 351,362, up 6.7% year-on-year
- Funds under management grow 27.5% to $2.32 billion
- ARPU rises 12.5% driven by fee increases and FUM growth
- Raiz Invest Super ranked #1 Balanced fund by SuperRatings
- New CEO Craig Keary targets AI, onboarding, and M&A
Customer Growth Accelerates Across Key Segments
Raiz Invest Limited (ASX:RZI) closed Q4 FY26 with a solid 6.7% year-on-year increase in active customers, reaching 351,362 fee-paying accounts. Notably, the Plus and Kids portfolios surged 19.5% and 26.2% respectively, while the Jars portfolio almost doubled, up 92.7% year-on-year. The company’s Lite plan, tailored for first-time investors, expanded sharply by 46.1% quarter-on-quarter, underscoring Raiz’s appeal to new entrants in the fintech wealth space.
Funds Under Management Hit $2.32 Billion, Driven by Recurring Deposits
Funds under management (FUM) climbed 27.5% year-on-year to $2.32 billion, with a 13.8% increase from the prior quarter. Growth was broad-based: Super FUM rose 27.9%, Plus FUM jumped 42.9%, and Kids FUM soared 54.4%. The company attributed net inflows of $54 million primarily to steady recurring deposits, a key driver of its asset base stability. Average account balances also increased 19.5% year-on-year to $6,609, reflecting deeper engagement and higher customer investment levels.
Product Innovation and Digital Enhancements Underway
Raiz rolled out a refreshed app in Q4 FY26 featuring a cleaner design and improved usability, with ongoing refinements planned based on user feedback. The fintech is progressing several product initiatives slated for FY27, including instant payments for live trading to enable real-time account funding and withdrawals, direct access to US-listed equities, and infrastructure for direct ASX trading with single HIN ownership. While launch dates remain fluid, these developments signal Raiz’s push to broaden investment options and enhance platform flexibility.
Strategic Focus on AI and Customer Lifecycle Engagement
Following a Board-led strategic review, Raiz has intensified efforts to improve customer acquisition, onboarding, and activation. The company is investing in AI capabilities to personalise onboarding and engagement, aiming to deepen customer relationships and drive lifetime value. Expansion of partnerships is also a priority. CEO Craig Keary, who took the helm in June 2026, emphasised a disciplined execution approach and selective M&A to accelerate growth and product suite expansion.
Top-Ranked Superannuation and Industry Recognition
Raiz’s Super Moderately Aggressive portfolio was ranked #1 by SuperRatings in the Balanced category for the second year running, delivering a 13.4% return after fees and taxes in FY26. The company also won two WeMoney Superannuation Awards for Digital Innovation of the Year and Excellent Rates & Fees, reinforcing its reputation for competitive super products and digital leadership.
Bottom Line?
Raiz’s strong customer and FUM growth, combined with strategic investments in AI and product innovation, set the stage for a potentially accelerated expansion phase under new leadership.
Questions in the middle?
- How quickly will Raiz roll out US-listed equities and direct ASX trading to broaden its product offering?
- Can AI-driven onboarding materially improve customer conversion and retention rates?
- What role will selective M&A play in Raiz’s growth strategy over the next 12 months?
