Raiz

Raiz

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Raiz automatically invests your spare change. Our mobile-first investment platform enables commission free investing, portfolio management with automatic rebalancing and dividend reinvestment, and real-time account monitoring.
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Raiz gallery image
Raiz gallery image
Launch tags:Android•iOS•Investing
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What do you think? …

Hayden Evans
Why does this almost seem identical to Acorns? The concept and even the UI seems identical.
Joshua Armstrong
@hayden_evans Because it literally is. It's just an Acorns rebrand.
Hayden Evans
@joshua_armstrong1 Now I'm confused - Acorns is still Acorns in the US. But Acorns is Raiz in Australia?
Liam Roberts
@joshua_armstrong1 @hayden_evans Raiz was quite literally Acorns in Australia. Acorns launched in Australia as a JV between an Australian management company and Acorns Grow US. Acorns in Aus ended up having a higher rate of growth than the US company. The Aus management company increased their stake in the Aus Acorns entity. This resulted in a rebrand (to Raiz) and public listing on the ASX.
Hayden Evans
@joshua_armstrong1 @liam_roberts makes sense, thanks for clarifying!