PhonePe, the renowned digital payment company, has unveiled a new stock broking app called Share.Market, marking its entry into the stock broking arena.
This move is accompanied by PhonePe’s initiative to delve into the Initial Public Offering (IPO) sector.
Users can seamlessly access the share broking platform to invest in the market and reap financial gains.
CEO and co-founder of PhonePe, Sameer Nigam, announced the official launch of Share.Market on Wednesday.
The platform’s primary objective is to fortify PhonePe’s position as a prominent fintech entity. This follows the previous release of a financial product named Pincode.
Share.Market App: Simplifying Investment
The standalone Share.Market app is designed to provide users with a user-friendly trading platform, making investing in the stock market hassle-free.
The app offers various features, including insights into the stock market, enhancing users’ comprehension of investment strategies.
PhonePe’s Independent Journey
PhonePe’s separation from its parent company, Flipkart, is now successfully accomplished.
This step was a prerequisite for PhonePe to venture into the stock market and initiate an IPO, a process now fulfilled.
This development positions PhonePe for a potential IPO in the near future. The company’s present valuation stands at approximately $12 billion.
