Richify vs Raiz

Raiz (formerly Acorns Australia) is an Australian micro-investing app launched in 2016 that automatically rounds up everyday purchases and invests the spare change into ETF-based portfolios. Raiz holds an Australian Financial Services Licence (AFSL) via Instreet Investment Limited (AFSL 434776); its fund's custodians are Perpetual Corporate Trust for ETFs and listed shares and Gemini Trust Company for bitcoin (Raiz PDS dated 1 August 2025).

Pricing (raizinvest.com.au/fees, October 2026): Lite A$2.50/month (balances up to A$1,500, then you move to Regular); Regular from A$5.50/month, or 0.275% p.a. for balances above A$26,000; Plus from A$6.50/month, or 0.275% p.a. above A$28,000. The Sapphire and Property portfolios cost A$5.50/month plus 0.275% p.a., and Raiz Kids is included with Regular and Plus.

Available in Australia and Indonesia.

Different scope and licence model. Raiz: AFSL-licensed, executes investment transactions (round-ups deposit money into Raiz-managed ETF portfolios).

Richify: not licensed, education and tracking only — does not execute transactions. Richify's strengths: 15+ AU-specific calculators (super, HECS, FIRE, stamp duty, drawdown, retirement, mortgage, refinance, compound interest, currency converter, net worth), Felix AI conversational coach, multi-country tracking.

Raiz's strength: automated micro-investing without active decision-making.

No. The cheapest plan, Raiz Lite, is A$2.50/month (A$30/year) for balances up to A$1,500; Regular is from A$5.50/month and Plus from A$6.50/month, switching to 0.275% per annum above A$26,000 and A$28,000 respectively. Raiz Super is priced separately (a 0.275% p.a. investment fee, not charged under A$6,000, plus portfolio costs).

Richify is free to download with limited use, and a 7-day free trial unlocks the full app, and its 15+ AU web calculators on richify.ai are free to use without the app. The two apps are priced differently because they serve different functions.

No — Richify is not AFSL-licensed and does not execute investment transactions. To use round-up investing in Australia you need an AFSL-regulated micro-investing platform: Raiz, Spaceship, CommSec Pocket, Stake, Pearler, Sharesies.

Richify's role is tracking and planning: log holdings (Raiz portfolio, super, ASX shares, property, crypto) and use Richify's calculators (FIRE Calculator AU, super calculator, HECS calculator) to model long-term scenarios.

Raiz return depends on the chosen portfolio (Conservative, Moderate, Moderately Aggressive, Aggressive, Emerald, Sapphire, Bitcoin Plus). Indicative 5-year annualised returns published in Raiz's Product Disclosure Statement and quarterly reports range roughly: Conservative ~3-5%, Moderate ~5-7%, Aggressive ~7-10%, Emerald (ESG-focused) ~6-9%, Bitcoin Plus highly variable.

Returns are net of management fees but not net of the flat monthly plan fee (A$2.50 on Lite, from A$5.50 on Regular), which materially reduces returns on small balances. Current performance data is published in raizinvest.com.au.

Mathematical observation: on Lite, A$2.50/month = A$30/year, so a A$1,000 balance pays 3.0% a year, which can exceed typical portfolio returns. On Regular, from A$5.50/month = A$66/year, a A$10,000 balance pays about 0.66%.

Raiz's flat-fee structure rewards larger balances; the 0.275% per annum applies above A$26,000 (Regular) or A$28,000 (Plus). Specific returns and fees should be modelled with the user's actual balance and contribution rate.

Raiz publishes a fee comparison tool at raizinvest.com.au; Richify's compound interest calculator allows modelling fee drag for any platform.