"Variant of Raizel"
The name Raizy is commonly a female name from the "English" origin.
Raizy is a Yiddish diminutive form of Raizel, formed with the -y ending that Yiddish speakers in English-speaking countries use for affectionate short forms, as in Rivky from Rivka. Raizel is a Yiddish name from royz, the Yiddish word for rose.
Raizel means "Rose".
The pronunciation of Raizy is RAY-zee.