The fintech company’s state-of-art services and penetration into Tier 2 and Tier 3 cities are leading the growth
Mumbai, Angel One client base expands to 8.34 million in January 2022, marking a 140.9% YoY growth (formerly known as Angel Broking Limited) has registered a tremendous growth with its client base expanding to 8.34 million in January 2022, a 140.9% YoY and 7.2% MoM increase. The company has added 0.54 million clients in a month, an 89.7% YoY and 16.4% MoM growth.
The fintech company’s growth across business parameters reflects in the Average Daily Turnover (ADTO), which grew by 151.4% YoY to ~Rs 8.15 trillion in January 2022. The Average Client Funding Book grew by 124.2% to Rs 15.82 billion. Angel One also recorded 66.95 million orders in January 2022, a 103.8% YoY growth. Meanwhile, its overall equity market share increased to 21.1%, a 143 bps YoY expansion.
Talking about its growth in January 2022, Prabhakar Tiwari, Chief Growth Officer, said, “Our state-of-the-art services and focused digital marketing strategies, to tap the under-penetrated tier 2, tier 3 and beyond markets, are fueling our month-on-month growth. We are providing the new-age investors with a seamless wealth creation journey through stock investment. In the near future, we will add other investment options to our bouquet, for our clients.”
Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “Angel One’s technological prowess has made it one of the preferred digital investment platforms. Our consistent growth in gross client acquisition indicates that we are providing our clients with the kind of services they need. In 2022, we will be introducing Angel One’s super app, which will further enhance our client experience.”
Angel One offers numerous products to its client base of 8.34 million. From a rule-based investment engine ARQ Prime to Smart API, Angel One clients have a variety of feature rich products at their disposal. The company also offers investor education programmes like Smart Money. Its third-party partnerships with smallcase, Vested, Sensibull, etc., enables it to offer a bouquet of services to its rapidly increasing client base.
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) 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 investment 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
