Mumbai, 13 March 2022: Fintech company Angel One Limited (formerly known as Angel Broking Limited) has declared its monthly business numbers. Continuing its expansion streak, the company’s client base has grown to 8.76 million in February 2022, a 133.6% YoY increase. The growth in client base is led by the gross client acquisition of 0.45 million in the month, a 54.0% YoY increase.
The Fintech company registered 70.30 million orders in a month, a 74.8% YoY increase. Angel One’s Average Daily Turnover (ADTO) for February 2022 was Rs 8.88 trillion, a 121.7% YoY growth. The Average Client Funding Book witnessed a surge of 77.8% YoY to Rs 16.38 billion. Similarly, the company’s overall retail equity turnover market share stands at 20.8%.
Talking about February 2022 growth numbers, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “We are providing our clients with state-of-the-art services through our technologically advanced digital platforms, leading to a consistent expansion in the client base. Our aim is to continue simplifying finance and wealth creation for people across the country. In line with this, we will continue to make efforts to penetrate the untapped potential in tier 2, 3 & beyond cities.”
Mr. Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “We are glad that every month more and more people are accessing our seamless digital services. Our goal is to make the client experience simpler and smoother. Our tech team is already working on the super app which is currently in the beta testing stage. The app will be rolled out in the next quarter. Our priority is superior user experience, and we will do everything possible to make it happen.”
The Fintech company has augmented its focus on digitally and technologically advanced solutions. Currently, it is working on introducing a super app, wherein the users will be able to access multiple financial services through one app.
About Angel One Limited:
Angel One Limited, (formerly known as Angel Broking Limited), (NSE: ANGELONE, BSE: 543235) is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through (i) online and digital platforms and (ii) a network of Authorized Persons.
Angel One Ltd extensively uses Artificial Intelligence and Machine Learning to create a superior digital experience. The company has built a host of digital properties like Angel One Mobile App, Angel BEE Mobile App, ‘ARQ Prime’ a rule-based recommendation engine, ‘SmartAPI’ a free-to-integrate API platform, ‘Smart Money’ an investor education platform, ‘SmartStore’ a marketplace for fintech products, learning platform and social forums for 8+ million clients.
This article was shared with Prittle Prattle News as a Press Release.
