10 Years of Raiz: $2.1 Billion - What's next? CEO, Brendan Malone

Brendan Malone, CEO of Raiz Invest, joins Dexter Cousins to mark 10 years since Raiz launched to Australian retail investors. From a joint venture with US micro-investing app Acorns in 2015, Raiz has grown to $2.1 billion in funds under management, over 330,000 active monthly users and over $5.5 billion invested for Australians. What We DiscussHow Raiz started as a joint venture with US app Acorns in March 2015 before listing on the ASX as Raiz in April 2018The roundup innovation that put $2.2 billion to work for 340,000 Australians through small amounts consistently over time.Why Raiz expanded into Southeast Asia, the 280 million person opportunity in Indonesia and what made it harder than expectedThe ASX listing as a capital strategy when VC appetite for fintech was thin in 2018Brendan's frustration with CDR after a decade of roundtables, policy submissions and no meaningful consumer outcomeHow a 42-person team manages $2.2 billion using AI and machine learning, and why Brendan would not start again from scratch even in the AI eraRaiz's product roadmap including the Raiz Kids ecosystem and why Brendan expects consolidation among micro-investing platforms within the next few yearsThe endurance principles shared by Australian fintechs that have survived a decade: stay close to customers, resist the bright shiny things, and stick to the strategyKey Timestamps01:00 Celebrating a Decade in Business02:11 The Genesis of Raze and Early Challenges05:13 Breaking Down Barriers to Investing08:08 Innovative Wealth Management Solutions10:49 Growth Plans and Market Strategies13:18 Exploring Southeast Asia's Market Potential15:50 The Scale Game: Financial Inclusion in Indonesia18:28 Lessons from Early Adopters: The CDR Experience19:51 Navigating Regulatory Challenges in FinTech23:04 Customer-Centric Innovation: Listening to the Market24:19 The Impact of AI on Business Transformation28:21 Building an Ecosystem for Sustainable GrowthLinks and ResourcesRaiz Invest: raizinvest.com.auBrendan Malone on LinkedInTier One People: tieronepeople.comThis show is brought to you by Tier One People, where we work with founders like Brendan to find the 1% who redefine what's possible. If you're scaling your leadership team, start at tieronepeople.com.Send us Fan MailConnect on with Dexter Cousins on LinkedinHire Exceptional Fintech TalentSubscribe on LinkedIn