RZI acquisition puts residential property on investment menu

Sydney: Raiz Invest (ASX:RZI), Australia’s largest mobile-first financial services platform, has opened a new investment channel – residential property – for its customers, with an agreement to acquire the holding company of the Superestate business via the issue of 5.3 million Raiz shares. Using a share price for Raiz of $1.7845 (sourced from a 10 day VWAP to 26 April 2021 inclusive), it values S