RAIZ Invest Ltd

Cyan C3G Fund continues to hold its position in Raiz Invest Ltd (RZI), as the company has shown positive momentum with a 15% increase in its share price. Raiz has over 300,000 active clients in Australia and $1.5bn in funds under management, and it recently made strategic moves by closing loss-making operations in Malaysia and Indonesia, positioning itself to be profitable in FY25. A key driver of the recent performance was a $2m capital raise from State Street Global Advisors at a small premium to the share price. Additionally, the acquisition of Raiz’s competitor, Spaceship, at nearly double Raiz's market cap further highlights the attractiveness of the sector. With Raiz holding $14m in cash and the company showing signs of growth, Cyan C3G Fund remains optimistic about its future prospects.

Cyan C3G Fund continues to hold its position in Raiz Invest Ltd. (RZI), recognizing the company's significant financial progress over the past year. This includes the closure of loss-making international operations and the addition of a strategic investor in State Street. While the recent stock movement appears somewhat curious, given the absence of any major updates since the AGM in late November, the Fund notes the broader sector's strong performance, with notable gains in companies like Netwealth (NWL) and Hub24 (HUB), alongside takeover interest in businesses like Spaceship Investors, Selfwealth (SWF), and Insignia Financial (IFL). Raiz's customer base of over 300,000 and $1.5 billion in funds under management (FUM) make it an attractive target for both domestic and international financial institutions seeking to tap into its engaged retail investor base. Cyan C3G Fund remains optimistic about Raiz’s future prospects, given these strategic developments and its potential for growth in the sector.

Cyan C3G Fund continues to hold Raiz Invest Ltd. (RZI) due to its strong customer base, robust mobile platform, and significant funds under management (FUM) exceeding $1.5bn. The company has maintained an engaged and growing community of over 300,000 retail investors, making it an attractive asset in the micro-investing space. While the recent 35% share price increase is welcome, it appears somewhat disconnected from any specific positive company announcements. Cyan C3G Fund also observes that ongoing corporate activity in related financial sectors, particularly with Selfwealth and Insignia Financial, may be contributing to heightened investor interest in Raiz. Despite the lack of recent news, the fund remains optimistic about Raiz's potential and continues to hold the stock.