{"id":64238,"date":"2024-07-09T14:25:44","date_gmt":"2024-07-09T06:25:44","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=64238"},"modified":"2024-07-09T14:25:44","modified_gmt":"2024-07-09T06:25:44","slug":"raiz-shuts-down","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down","title":{"rendered":"PNB\u2019s Digital Investment Platform, Raiz To Shut Down In Malaysia"},"content":{"rendered":"<p>Permodalan Nasional Berhad (PNB)\u2019s digital investment platform, Raiz is set to shut down its Malaysian operations after four years here.<\/p>\n<p>In a filing with the Australian Securities Exchange, Raiz Invest Limited stated that following a \u201cstrategic review\u201d of their business, they will be closing down operations of Raiz Malaysia Sdn Bhd, a joint venture (JV) between them and PNB.<\/p>\n<p>According to a report from New Strait Times, Raiz Invest has previously advised that a strategic review regarding Raiz Malaysia\u2019s operations were underway and once the review was completed, the JV partners agreed that it was time to shut down operations.<\/p>\n<p>Meanwhile, a report from The Edge stated that a comprehensive and orderly closure process will be implemented in phases.<\/p>\n<h2>What should I do if I have money in Raiz?<\/h2>\n<p>For now, you should not worry as Raiz Malaysia has released a statement on their Facebook saying that for now, it is business as usual for them.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: none; overflow: hidden;\" src=\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fphoto.php%3Ffbid%3D875333927949513%26set%3Da.628096659339909%26type%3D3&amp;show_text=true&amp;width=500\" width=\"500\" height=\"250\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>However, if you want to continue investing your money, you might want to start looking for other robo-advisors from now on.<\/p>\n<p><a href=\"https:\/\/www.imoney.my\/articles\/robo-advisor-comparison\"><strong>Read More : Which Robo Advisor Should You Use In Malaysia?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Raiz has announced that they are shutting down their Malaysian operations.<\/p>\n","protected":false},"author":51,"featured_media":61992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,218,216],"tags":[660,815,2403],"class_list":["post-64238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-money-management","category-news-updates","tag-investment","tag-raiz","tag-raiz-invest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raiz Is Shutting Down In Malaysia<\/title>\n<meta name=\"description\" content=\"Raiz, PNB&#039;s 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