iFAST Corporation Limited (SGX: AIY) is progressing in the right direction towards its ambitious goal of achieving assets under administration (AUA) of S$100 billion by 2030. In its 2024 first quarter (1Q 2024), iFAST reported a record AUA high of S$21.05 billion, up from over S$19.83 billion at the end of 2023. To hit S$100 billion by 2030, the fintech’s AUA will need to grow at a compounded annual growth rate (CAGR) of about 26% for the next seven years. How far has iFAST come? The S$100 billion target was first announced during its 2Q 2018 earnings as a 10-year goal. Since then, the group has grown its AUA from around S$8.05 billion in 2018 to over S$19.83 billion in 2023, or a CAGR of about 20% over the past five years. Source: iFAST annual reports and earnings releases While its historical CAGR is less than what it needs to achieve for the next seven years, iFAST is not far off....