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Finance & Markets

Raiz swings to first-ever $3.5M profit as funds top $2.3B

Fintech Raiz Invest has posted a maiden $3.5M net profit for FY26, with revenue climbing 21.4% to $29.2M and funds under management surging 27.5% to $2.32B.

Raiz swings to first-ever $3.5M profit as funds top $2.3B

We haven't written up this one. The Sydney Morning Herald has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at smh.com.au →

More in Finance & Markets

How new 7.5% pension deduction could further shrink county workers’ take-home pay

County government workers could have a larger share of their salaries committed to statutory deductions if Parliament approves a proposed retirement scheme requiring employees to contribute at least…

  • County workers could face 7.5% pension deduction from pensionable earnings.
  • Proposed scheme would increase payroll deductions, reducing disposable income.
  • Implementation depends on legislative process and approval by Parliament.

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