Raiz has now notified all their users via email, stating that Raiz will cease operations in Malaysia. In parallel, the user is asked to withdraw money from the Raiz account.
For information, previously Raiz in Australia has stated that it will end operations in Malaysia, and now Raiz in Malaysia has officially informed customers in Malaysia about this matter.
According to Raiz, starting September 2, 2024, users will no longer be able to make any investments or change their respective investment portfolios. Users can only make withdrawals starting September 2, 2024.
And any account balance that is not withdrawn on September 20, 2024, will be automatically withdrawn to the designated withdrawal account on the respective account. Raiz stated that the money withdrawn will go into the designated account within 7 working days after the withdrawal is made.
Raiz aims to resolve various matters regarding the production and handling of this client's assets by September 30, 2024. For those of you who use Raiz, you can make withdrawals from your account, and Raiz also encourages the use of the myASNB platform for further investment.