Hyderabad: Fintech broker Angel Broking said it crossed the ‘5 Million Clients’ milestone. It clocked its highest-ever monthly gross client acquisition in May 2021 as it on-boarded 4.3 lakh clients, which was over twice the monthly average recorded in the last fiscal.
Angel Broking has further reached a record Average Daily Turnover (ADTO) of approximately Rs 4.8 lakh crore.
The growth in client numbers is a result of the company’s increased focus on leveraging artificial intelligence and machine learning for various It has developed an interface with service availability across digital channels including mobile apps, web platforms, and specialised software suites. It reduced its average client onboarding time to 5 minutes, a release said.
Prabhakar Tiwari, Chief Growth Officer, Angel Broking said, “The retail participation in India is still slightly above 4%. So, the kind of response that we are receiving is merely the tip of the iceberg. The industry has to prepare for an impending storm of investors in the coming few years.”
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