Angel Broking’s client base crosses 50 lakhs for the first time

Fintech broker Angel Broking has continued to add clients in June 2021 after adding a record monthly gross client base last month. The number of traders trading in the stock market in India has increased and Angel Broking has also echoed the enthusiasm of the market. It has successfully crossed the milestone of 50 lakh subscribers in increased monthly client addition rate.
Angel Broking achieved its highest ever monthly gross customer acquisition in May 2021. Its subscriber growth rate has steadily increased quarter-on-quarter, growing more than 14 times to 9.6 lakh in the fourth quarter of FY21 from less than one lakh in the first quarter of FY20.

The company focused on leveraging Artificial Intelligence and Machine Learning for all processes and this has resulted in phenomenal growth. The fintech broker has ensured a seamless and seamless customer experience, thereby making deep inroads into Tier 2, Tier 3 markets and beyond. It has developed a user-friendly interface with service availability across a wide spectrum of digital channels including mobile apps, web platforms and specialized software suites. The improved technical infrastructure of Angel Broking has also reduced its average customer onboarding time to 5 minutes.