PUNE: India’s only listed discount broker 5paisa.com today said that it is the fastest to onboard 1 million customers in the broking industry so far, helped by its user-friendly high-tech robust platform, lowest fees, and knowledge support which has attracted many first-time young investors from across smaller locations in India.
5paisa.com, the country’s most affordable broker also ranks sixth among all brokers in India in terms of active customers. The firm offers equity investing at zero brokerage, choice of mutual funds, insurance, and loans among others on its platform.
Prakarsh Gagdani, CEO, 5paisa.com said, “Our mobile-first platform is designed to meet genuine expectations of Millennials and Zillenials across India, which has helped us to achieve this feat in just over four years. It has not only helped 5paisa.com but also given an opportunity to youngsters from Tier-2, Tier-3 cities, and beyond to invest in equity markets for the first time.”
5paisa.com app is one of India’s most used stock trading app with over 6 million users and is constantly rated above 4 on Google Playstore. 5paisa.com is also available in multiple languages and provides essential micro-learning around investing through its 5paisa school app.
The Covid19-led lockdown has seen unprecedented customer addition helped by improved technology, internet access, and availability of high-quality and affordable platforms like 5paisa.com. This has catapulted 5paisa.com to be among the top and profitable Fintechs.
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