Side by side
Raiz vs SoFi
Both stand on robo-advisor apps. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Paid AndroidiPhoneWeb
Raiz combines automated deposits and several portfolio choices with goal, child-account, and spending-tracking features. Compare plan limits and higher-balance fee terms before choosing a subscription.
Visit Raiz Free plan AndroidiPhoneMac+2
SoFi combines banking, investing, account tracking, and financial guidance, with a free Coach option for eligible members. Check regional availability for the specific products you need.
Visit SoFiThe facts
| Raiz | SoFi | |
|---|---|---|
| Free plan | No | Yes |
| Open source | Not published | Not published |
| Runs on | Android, iPhone, Web | Android, iPhone, Mac, Web, Windows |
| Lowest paid plan | Lite: A$2.50 a month | SoFi Plus: $10 a month |
| Plans published | 3 | 5 |
| Maker | Raiz | SoFi |
| Website | raizinvest.com.au | sofi.com |
| On robo-advisor apps | #5 of 24 | #1 of 24 |
Raiz: what it does well
- Round-ups invest change from eligible linked-account purchases
- Top-ups can be scheduled daily, weekly, or monthly
- Offers standard, Emerald, Sapphire, and Property portfolios
- Raiz Jars supports goals with separate portfolios and strategies
- My Finance categorizes transactions and forecasts spending
What to know first
- No free plan
- Lite has a $1,500 balance threshold
- Higher-balance plans include account-fee terms
SoFi: what it does well
- Banking includes bill pay, transfers, and mobile check deposit.
- Invest offers self-directed and robo investing.
- Relay links outside accounts and tracks credit scores.
- Coach provides chat-based financial insights around the clock.
What to know first
- Coach does not recommend stocks or execute trades.
- Several listed products are limited to the United States.
- SoFi Plus costs $10 a month.