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  • Saturday, April, 2023| Today's Market | Current Time: 05:24:24
  •    StockGro recognized for achievements in retail Investing & wealth management category

    CB Insights today named StockGro to its fifth-annual Fintech 250 ranking, showcasing the 250 most promising private fintech companies of 2022.

    “This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Representing more than 30 countries, these companies are creating safer and more efficient payment methods, and transforming how traditional banking, insurance and investing products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the globe.”

    Ajay Lakhotia, Founder & CEO-StockGro states, “Being listed on the prestigious list of Fintech 250  by CB Insights is a huge recognition for StockGro at such an early age of two years. Over the last 24 months, we have empowered over 15 million+ young Indians to learn trading & investing and initiate their investment journey.

    StockGro is addressing a huge gap in the education system helping millennials become ‘Investment Ready’.

    This recognition certainly comes at the right time when we are exploring to expand our footprint globally.”

    Utilizing the CB Insights platform, the research team selected these 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 of Analyst Briefings submitted by applicants.

    StockGro has quickly become India’s first & South-East Asia’s largest Social Trading Platform that allows users to validate their investment ideas, exchange views, build portfolios & get rewarded.

    Within 2 years of launch, it has become the go-to platform for Indian educational institutes to organise stock market competitions. The organisation has partnered with 350+ ​premier Business Schools and colleges comprising IITs, IIMs & AIIMs, and several renowned stock market influencers & experts. The company has raised 3 successful investment rounds, raising a total of $38 Million.

    Quick facts on the 2022 Fintech 250:

    • Equity funding and deals: The Fintech 250 cohort has raised over $115B in equity funding across over 1,100 deals since the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51B across 337 equity deals.
    • Unicorns: There are 159 companies with $1B+ valuations on the list.
    • Global Reach: Globalization is a key theme for this year’s Fintech 250. The winners represent 33 different countries across the globe – 7 more than last year. Just over half (53%) of the selected companies are headquartered in the US, which is the fewest we’ve seen in the Fintech 250 since 2017. The UK came in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).


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