Asset manager State Street Global Advisors has agreed to acquire five percent equity of fintech platform Raiz.
In addition, Raiz customers will also have access to State Street’s library of financial literacy content and investment education tools.
Raiz, which launched in 2016, is a micro-investing and fintech platform which pioneered the ‘round-Up’ concept in Australia where everyday purchases are rounded-up to the next dollar and the difference is invested into a Raiz Invest account.