StockGro is recognized for achievements in the retail Investing & wealth management category.
CB Insights named StockGro it’s fifth-annual Fintech 250 ranking, showcasing the 250 most promising private fintech companies of 2022.
“From payments and banking to investing and insurance, this year’s Fintech 250 honorees are changing the future of financial services, These companies, which represent more than 30 nations, are developing safer and more efficient payment systems and altering how traditional banking, insurance, and investing goods are delivered. They work well together. make financial services more convenient for users and make them available to more people, especially traditionally underserved populations around the globe.”stated Brian Lee, SVP of CB Insights’ Intelligence Unit.
“Being listed on the prestigious list of Fintech 250 by CB Insights is a huge recognition for StockGro at such an early age of two years. Over the last 24 months, we have empowered over 15 million+ young Indians to learn to trade & investing and initiate their investment journey. StockGro is addressing a huge gap in the education system, helping millennials become ‘Investment Ready. This recognition certainly comes at the right time when we are exploring to expand our footprint globally.”Ajay Lakhotia, Founder & CEO-StockGro, states,
The research team chose these 250 winners from a pool of over 12,500 private enterprises, including applications and nominations, using the CB Insights platform.
They were picked based on characteristics such as research and development activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and technological originality.
Over 2,000 Analyst Briefings provided by candidates were also assessed by the research team.
StockGro has quickly become India’s first & South-East Asia’s largest Social Trading Platform that allows users to validate their investment ideas, exchange views, build portfolios & get rewarded.
Within two years of launch, it has become the go-to platform for Indian educational institutes to organize stock market competitions.
The organization has partnered with 350+ premier Business Schools and colleges comprising IITs, IIMs & AIIMs, and several renowned stock market influencers & experts.
The company has raised three successful investment rounds, raising a total of $38 Million.
Quick facts on the 2022 Fintech 250:
Equity funding and deals: Since the beginning of 2017, the Fintech 250 cohort has raised over $115 billion in equity capital across over 1,100 deals (as of 9/20/2022). Winners raised more than $51 billion in stock agreements alone in 2021.
The list includes 159 companies with valuations of $1 billion or more.
This year’s Fintech 250 focuses on globalisation. The winners come from 33 different countries, which is seven more than last year. Over half (53%) of the selected companies are based in the United States, the fewest in the Fintech 250 since 2017.
The United Kingdom took second place with 31 wins (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).