Drip will officially close down on August 11th.
This means that:
• The Drip app will no longer be available
• You won’t be able to access your investments through Drip
• You’ll need to take action to manage your investments

Drip has always acted as a distributor of the Cache Fund, which means your investments were managed by Cache Invest, not Drip directly.

So while Drip is closing:
• Your investments are still safe and active with Cache Invest
• You can choose to withdraw your funds from Drip before August 11th
• If you don’t withdraw your funds, your money will remain invested with Cache. You will be able to access and manage your investments by contacting:
📩 support@cacheinvest.com.au

Please withdraw your funds from the Drip app before August 11th. After this date, the app will be unavailable, and you’ll need to contact Cache Invest directly to access your investments, manage or close your account.

We can't automatically transfer your Drip account to Raiz, but switching over is quick and easy!

Here’s how to get started:
1. In the Drip app, go to Settings > Withdraw > All investments and wallet,  to transfer your funds back to your bank account.
2. Download the Raiz app from the App Store or Google Play.
3. Sign up and use the code DRIP20 to get your first $20 on Raiz when you make your first investment. T&Cs apply.

To set up a Raiz Kids account:
• In the Raiz app, tap Invest, then scroll to Raiz Kids and tap on Add a Raiz Kid now.
• Follow the prompts to create and manage Raiz Kids accounts. You can even set multiple Raiz Kids accounts.

Yes! 🎉 You can create up to eight Raiz Kids accounts under one adult account. Each child’s account is individually managed with tailored settings and permissions.

Very! Both apps help families set the grounds for raising financially savvy kids and developing long term healthy financial habits.

Here’s how:
• Custodian accounts & parental controls: Just like Drip, Raiz Kids allows you to guide your child’s investing experience, enabling them to have a hands-on educational experience.

• Financial education: Both platforms encourage learning and building good money habits through interactive tools, goal-setting and practical use. 

Like Drip, Raiz Kids supports recurring investments, helping you build healthy habits over time.

• Start Small: Both Drip and Raiz Kids are designed for micro investing, letting families start with as little as $5 across a range of diversified investment options.

Plus, Raiz adds a clever extra feature: automatic roundups, so you can invest your spare change from everyday purchases without even thinking about it.

Drip has joined the Raiz family to help grow and expand family-focused investing through Raiz Kids.
As a result, Drip Invest is closing.

Moving forward, your family can continue with Raiz as they continue to build engaging and educational experiences for families and young people under the Raiz Kids platform.

If you had direct debit recurring top-ups , they will continue unless you stop them.
To stop them: Go to Settings > Scheduled wallet top-ups > Cancel.
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To close your Drip account, you will need to stop all recurring top-ups.

Unfortunately not. Drip is closing permanently.  But you can keep learning and investing with Raiz Kids, as they continue to build features that you will love. 

No. There are no fees.

Selling investments may create a tax obligation for the holder. We recommend speaking to a tax advisor, as this depends on your personal situation.

Still have questions? We're here for you!

For all queries up to August 11th, contact us at:
📩 hello@dripinvest.com.au

For investment queries after August 11th please contact Cache Invest directly at:
📩 support@cacheinvest.com.au