FYERS Goes Across 1 Lakh Customers: Expands Client Base by 3X in the Last 12 Months
FYERS, one of the fastest growing financial investment & trading platform, has observed a 3X development in the client base in the last one year by adding one lakh clients. FYERS observed an uptick in DEMAT account opening as well as trading activities in the last financial which caused this unprecedented growth. Even more, majority of customers are from metros/tier 2 cities as well as over 60% of them are the below the age of 35 years, which suggests that millennials and more youthful investors are entering the trading environment.
COVID-19 disrupted broking market and also offered a much required catalyst on digitization of the industry. New-age fintech start-ups which were already relying on Technology as well as Technology are reaping the benefits and also are successful in attracting young and also newbie financiers from metros as well as non-trading hubs. According to a recent BSE report, retail investor head count stood at record 6.97 million. FYERS has actually also observed an increase of over 150%Demat account openings over the last one year. Tejas Khoday, Co-founder and Chief Executive Officer, FYERS Speaking on the growth, Tejas Khoday, Co-founder and also Chief Executive Officer, FYERS stated, “We at FYERS focus on satisfying the tech-savvy DIY(Do It Yourself)population that seeks easy-to-use as well as easy trading/investing platforms. We have actually understood that young, and also working-population are currently considering various opportunities of investment for better returns and wealth generation. As young population get in the workforce, we expect retail involvement in funding markets to only grow in the coming years. Our development is a testimony of the hardwork and also durability revealed by the group in producing value and also event catering to
the requirements of the growing trading neighborhood.”In order to support the business development and also ambitions, FYERS has also increased its labor force by 4X times as well as are introducing tech enabled cutting-edge solutions for their customers. The business is likewise positive of increasing their client base in this financial as well as preparing to introduce United States supplies spending, Govt Bonds platform, etc thus, offering clients with one-stop alternative for financial investments as well as riches creation.
FYERS, which began its operations in 2016 with an objective to make online trading safe and straightforward, has actually expanded to be the most searched for trading platform. Today, with a solid area of traders and also financiers, FYERS has greater than 1,00,000 customers on its platform helping with 15,000 cr worth transactions daily throughout all significant Indian exchanges. Through their platform, FYERS uses Thematic Investment and also Direct Mutual Fund Investment alternatives to minimize third-party payments.
FYERS, an innovation focused stock broking company, is the leader of leading trading platforms in India. With a strong community of investors as well as capitalists, FYERS is currently powering more than 1,00,000 clients to trade flawlessly, throughout all major Indian exchanges including -NSE, BSE & MCX. In a span of 5 years, FYERS has actually become a leading tech made it possible for trading system in India by establishing one-of-a-kind trading opportunities such as FYERS Free Investments, FYERS 30 day difficulty, FYERS Internet as well as Straight MFs.