1 year ago

InCred Money Acquires Stocko for Retail Broking Expansion

InCred Money Acquires Stocko for Retail Broking Expansion
InCred Money Acquires Discount Broker Stocko To Launch Retail Broking Arm · news18.com

InCred Money, a company that helps people invest, is buying Stocko, a company where people trade stocks.

Stocko will change its name to InCred Stocko.

This means InCred Money will now let people trade stocks and other investments.

Stocko is known for making it easy for people to trade stocks and for charging low prices.

InCred Money wants to use this to become a big player in the stock trading business in India.

The team from Stocko will stay to ensure a smooth transition.

Key facts

Acquirer
InCred Money
Target
Stocko
Rebranding
InCred Stocko
Stocko's Daily Turnover
Rs 1 lakh crore (approx.)
Stocko Services
Equities, derivatives, commodities, currencies
Stocko's Pricing
Rs 12.99 per order (flat-rate)

Sources

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