{"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 v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raiz Is Shutting Down In Malaysia<\/title>\n<meta name=\"description\" content=\"Raiz, PNB&#039;s digital investment platform has announced that they will be shutting down their operations in Malaysia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raiz Is Shutting Down In Malaysia\" \/>\n<meta property=\"og:description\" content=\"Raiz, PNB&#039;s digital investment platform has announced that they will be shutting down their operations in Malaysia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-09T06:25:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Haziq Alfian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haziq Alfian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down\",\"url\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down\",\"name\":\"Raiz Is Shutting Down In Malaysia\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg\",\"datePublished\":\"2024-07-09T06:25:44+00:00\",\"dateModified\":\"2024-07-09T06:25:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a\"},\"description\":\"Raiz, PNB's digital investment platform has announced that they will be shutting down their operations in Malaysia\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#primaryimage\",\"url\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg\",\"contentUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg\",\"width\":1200,\"height\":628,\"caption\":\"crypto investment guide\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"PNB\u2019s Digital Investment Platform, Raiz To Shut Down In Malaysia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a\",\"name\":\"Haziq Alfian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g\",\"caption\":\"Haziq Alfian\"},\"description\":\"A reader turned writer, Haziq Alfian navigates personal finance, sports, and politics with a practical touch. From money matters to the playing field and political landscapes, Haziq aims at providing you with a grounded, unbiased, and simple look at the daily happenings of the world.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/haziq-alfian\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Raiz Is Shutting Down In Malaysia","description":"Raiz, PNB's digital investment platform has announced that they will be shutting down their operations in Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down","og_locale":"en_US","og_type":"article","og_title":"Raiz Is Shutting Down In Malaysia","og_description":"Raiz, PNB's digital investment platform has announced that they will be shutting down their operations in Malaysia","og_url":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down","og_site_name":"iMoney Malaysia","article_published_time":"2024-07-09T06:25:44+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg","type":"image\/jpeg"}],"author":"Haziq Alfian","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Haziq Alfian","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down","url":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down","name":"Raiz Is Shutting Down In Malaysia","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg","datePublished":"2024-07-09T06:25:44+00:00","dateModified":"2024-07-09T06:25:44+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a"},"description":"Raiz, PNB's digital investment platform has announced that they will be shutting down their operations in Malaysia","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/raiz-shuts-down"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/08\/29171048\/crypto-investment.jpg","width":1200,"height":628,"caption":"crypto investment guide"},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/raiz-shuts-down#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"PNB\u2019s Digital Investment Platform, Raiz To Shut Down In Malaysia"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a","name":"Haziq Alfian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g","caption":"Haziq Alfian"},"description":"A reader turned writer, Haziq Alfian navigates personal finance, sports, and politics with a practical touch. From money matters to the playing field and political landscapes, Haziq aims at providing you with a grounded, unbiased, and simple look at the daily happenings of the world.","url":"https:\/\/www.imoney.my\/articles\/author\/haziq-alfian"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/64238"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=64238"}],"version-history":[{"count":2,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/64238\/revisions"}],"predecessor-version":[{"id":64240,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/64238\/revisions\/64240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/61992"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=64238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=64238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=64238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}