Raiz Leavbing Malaysia 30th September
Australian investment platform Raiz has confirmed its impending exit from the Malaysian market, with operations set to cease on the 30th of September, 2024.
In an email notification to its users, Raiz outlined the steps investors need to take. Effective 2nd of September, users will no longer be able to make new investments or modify their portfolios. However, withdrawals can be initiated from this date onwards.
To ensure a smooth transition, the company has implemented a deadline of the 20th of September, 2024, for users to withdraw their funds. Any remaining balances after this date will be automatically transferred to the designated withdrawal account within seven working days.
The company aims to complete the process of winding down its Malaysian operations by the 30th of September, 2024. Raiz has confirmed its departure. It has encouraged its users to explore alternative investment platforms. Users can consider myASNB for their financial goals.
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