Raiz expands leadership team to bolster growth into 2025

Raiz Invest has bolstered its leadership team with the appointment of two experienced non-executive directors, Juliana Nguyen and Paul Rogan.

The board additions reflect the company’s expanding fund growth, following a year that saw it surpass more than 318,000 active customers and an impressive $1.6 billion in funds under management.

Raiz Invest has added two new non-executive directors to its leadership team as the company continues to grow in the new year.Credit: File

The new appointments will each chair separate committees at Raiz and are expected to enhance the board’s strategic marketing, digital transformation and financial management capabilities, as the company looks to reinforce its momentum into the new year.

Raiz says Ms Nguyen is a seasoned leader in marketing and brand transformation, with a wealth of experience across industries ranging from global multinationals to tech start-ups.

She is an advisor to venture capital firm AirTree, a non-executive director of Sydney-based The Royal Hospital for Women Foundation and has also held directorial roles at the East Coast real estate services business, McGrath Limited.

‘We are pleased to welcome Juliana and Paul, who will each strengthen and broaden the skills and experience of the board...’

Raiz Invest chairman Kelly Humphreys

Ms Nguyen will chair Raiz’s nomination, remuneration and culture committee, with the aim of fostering a dynamic and inclusive corporate culture within the company while also driving marketing growth initiatives.

Mr Rogan has a wealth of financial services sector experience. He currently serves as chairman and non-executive director of ASX-listed HUB24 Limited and holds directorships with Household Capital Pty Ltd and Fourth Line Pty Ltd.

He has managed capital risk, distribution and marketing while in previous executive roles at ASX-listed companies and, Raiz says, will bring unparalleled expertise in wealth management and financial strategy. He will chair the company’s risk and technology committee.

Raiz Invest chairman Kelly Humphreys said: “With over 318k active customers, $1.6b funds under management and exciting opportunities ahead in fintech, Raiz has a great foundation for significant growth in 2025 and beyond.

We are pleased to welcome Juliana and Paul, who will each strengthen and broaden the skills and experience of the board particularly in the areas of strategy, digital marketing, brand transformation, product development, distribution and capital markets.”

Since its inception in 2016, Raiz has been on a mission to modernise micro-investing with innovative products based on its Round-Up concept, in which users can invest their “spare change” in shares by rounding up their purchases by $1, $2 or $3.

A solid overall stock market performance coupled with an artificial intelligence-powered retail marketing blitz last year saw Raiz’ revenue hike 15.2 per cent year-on-year (to the end of the September quarter) to touch $5.66 million. The figure equates to a 2.6 per cent jump for the quarter, driven by a 4.9 per cent uptick in active customers, higher funds under management and an increased average revenue per user of 1.5 per cent to $73.30.

The platform now offers diverse investment options, including ETFs, bitcoin, and a residential property fund, and a new feature called Jars, which was announced this morning. Jars allows investors to segregate their money inside Raiz’s investment app towards different financial goals.

An updated leadership team and a clear vision have Raiz poised to sustain its growth momentum into 2025. As market activity and consolidation continues in the fintech space, it would not be surprising if a few canny external parties were already busy running the ruler over a surging Raiz and its financials.

Is your ASX-listed company doing something interesting? Contact: [e-mail]