RAIZ INVEST LIMITED — Capital/Financing Update 2021

Mar 2, 2021

==> picture [488 x 82] intentionally omitted <==

ASX Release

3 March 2021

Raiz Invest Limited (RZI): February 2021 - Key Metrics

Raiz Invest Limited ( Raiz or the Company ) today announced its Australian, Indonesian, and Malaysian Active Customers and Australian total Funds under Management (FUM) update for the month to 28 February 2021[i] .

Commentary

Raiz Invest MD/Global CEO George Lucas says: “There was continued strong growth across all areas of the Raiz business in February. The consistent growth in Active Customers in Australia and Southeast Asia for the past 10 months puts us in a good position to continue adding customers with a low acquisition cost.

“Active customers in Southeast Asia increased, with a 14.6% rise to 90,619 Active Customers in Indonesia and an 11.3% increase to 51,492 in Malaysia. For the three months to 28 February, Indonesia and Malaysia have had growth in Active Customers of 59.8% and 85.3% respectively. These numbers are encouraging and are ahead of our growth forecasts for these two countries.

“There was continued growth in FUM in Australia with a 4.0% increase in retail to $576.3 million and a 4.9% increase in superannuation to $88.9 million. This continued positive momentum supports our expectations of reaching $1 billion in FUM by December 2021.”

	Global Active Customers	Global Active Customers	Global Active Customers
	28 Feb	31 Jan	1 Month	3 Month	12 Month
	2021	2021	% change	% change	% change
Customer Sign Ups	1,506,311	1,416,054	+6.4%	+20.2%	+81.0%
Investment Accounts	724,680	673,980	+7.5%	+24.0%	+88.3%
Active Customers	405,252	376,198	+7.7%	+27.5%	+83.7%

==> picture [581 x 127] intentionally omitted <==

Australia - Active Customers and Funds Under Management (FUM)

AUD Customer Sign Ups Investment Accounts Active Customers Retail Superannuation Total FUM	28 Feb 2021 31 Jan 2021 1 Month % change 3 Month % change 12 Month % change 1,023,524 995,676 +2.8% +8.2% +23.0% 485,735 467,971 +3.8% +11.1% +26.2% 263,141 250,906 +4.9% +12.7% +19.3% $576.25m $554.33m +4.0% +14.8% +46.3% $88.88m $84.75m +4.9% +12.2% +25.4%
	$665.13m $639.08m +4.1% +14.4% +43.1%

Southeast Asia - Active Customers

	28 Feb	31 Jan	1 Month	3 Month
	2021	2021	% change	% change
Indonesia
Customer Sign Ups	277,041	232,378	19.2%	55.9%
Investment Accounts	176,704	150,866	17.1%	55.2%
Active Customers	90,619	79,042	14.6%	59.8%
Malaysia
Customer Sign Ups	205,746	188,000	9.4%	59.4%
Investment Accounts	62,241	55,143	12.9%	85.9%
Active Customers	51,492	46,250	11.3%	85.3%

• ENDS -

Market Announcement authorised by:

George Lucas MD /Group CEO Raiz Invest Limited

Investor and Media Enquiries:

Brendan Malone ir@raizinvest.com.au

2

About Raiz

Raiz Invest Limited (ASX: RZI) is Australia’s largest, mobile-first financial services platform designed to boost investing and savings in and outside of superannuation, available via the Raiz app or its website.

To gain greater insight to the Raiz business and our strategy, watch our short video by visiting https://raizinvest.com.au/investors/

Since launching in 2016 Raiz has achieved solid growth, amassing more than 1.47 million downloads, over 1,500,000 signups, with over 405,000 active monthly customers and over $665 million funds under management as at 28 February 2021.

Raiz was awarded Australia’s Investment Innovator of the Year at the 2017, 2018 and Investment Platform Innovator of the Year 2019 FinTech Business Awards, won the 2018 Australian FinTech Award for FinTech Innovation in Wealth Management (Robo-Advice) and won Best Fintech Superannuation Service/Platform at the 2020 FinTech Awards. Raiz Invest Super was also a finalist in the SuperRatings Best Innovation for 2020 at the Superannuation awards. Raiz was ranked #27[th] in Deloitte’s Fast 50 winners Report for 2020. The Raiz platform continues to grow with over 17 new products and features released since launch.

Raiz Invest Limited operates in Australia, Indonesia and Malaysia as part of the growth and expansion strategy of the business throughout Southeast Asia.

For more information visit: www.raizinvest.com.au

This document has been prepared for informational purposes only and is not intended to amount to financial product advice or a recommendation in relation to any investments or securities. You should not rely on it to make investment decisions. This document contains general factual information only and has not been independently verified. Any opinions or information expressed in the document are subject to change without notice.

i All figures are un-audited.

==> picture [241 x 138] intentionally omitted <==

3