Raiz, a licensed Malaysian saving and investing app, has introduced a groundbreaking solution: Raiz Kids. With a mission to foster financial responsibility from a young age, Raiz Kids is designed to equip children with essential money management skills through hands-on learning.
Bank Negara Malaysia and the Organisation for Economic Co-operation and Development (OECD) have highlighted the importance of early financial education to mitigate vulnerabilities to financial shocks. Recognizing this need, Raiz has integrated financial literacy tools into its app, leveraging digital technology to enhance financial knowledge among children.
The Raiz Kids feature enables parents to empower their children with financial literacy skills while providing them with a practical platform to learn about budgeting, saving, and investing. Parents have the flexibility to grant controlled access or full access to their children’s accounts, allowing them to monitor and guide their financial journey.
Raiz Malaysia, CEO, Aidi Izham, emphasised the significance of early financial education in shaping a secure and prosperous future. He stated, “Raiz Kids is not just an investment platform; it’s a powerful tool for parents to instill valuable financial literacy in their children.”
Since its soft launch in January, Raiz has witnessed significant interest, with over 3,500 new Raiz Kids accounts registered. With its user-friendly interface and comprehensive features, Raiz aims to further encourage adoption and contribute to a generation of financially savvy individuals.
Through its commitment to financial accessibility and education, Raiz emerges as a pioneering investment platform dedicated to empowering the younger generation with essential financial skills.
