The agreement between the two parties involves an equity investment agreement, referred to as the “Initial Share Purchase,” through which State Street Global Advisors will acquire approximately 5% of Raiz’s share capital via a placement.
This strategic relationship aims to synergize State Street Global Advisors’ well-established brand and extensive market knowledge with Raiz’s innovative mobile-first platform.
Through this collaboration, Raiz customers will benefit from State Street Global Advisors’ global resources, insights, and trends.
