Angel Broking adds 4.5 lakh customers in August
11th Sep 2021

Angel Broking has on-boarded 4.5 lakh customers in August, taking the total base to 61.5 lakh, primarily due to the fintech platform's increased focus on leveraging artificial intelligence and machine learning. In comparison, the company had added 1.8 lakh customers in August 2020. In the first five months of financial year 2021-22, the fintech platform has added over 20 lakh customers, compared to 24 lakh clients added in the entire preceding fiscal.

The company attributed robust growth in client acquisition to its efforts to tap the underpenetrated markets in Tier 2 and Tier 3 and beyond cities with easily accessible digital solutions. The increased participation is the outcome of the company providing GenZ and Millennials with digital solutions at the click of a button.

Angel Broking is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.