GroMo
GroMo, based in Gurugram, India, is a fintech company offering a platform for independent agents to sell a variety of financial products, enabling them to earn significant income with flexible working conditions.
Services
GroMo offers a tech-enabled platform for independent agents to sell a variety of financial products. With a portfolio boasting over 100 financial products, GroMo provides options including insurance, investments, credit cards, loans, saving accounts, and Demat accounts. The platform also provides training to improve agents' selling skills and ensures instant payout for sales earnings. Additionally, it maintains high data security standards to protect customer information.
Industry and Sub-industry
GroMo operates within the fintech industry, specifically focusing on fintech solutions. The company leverages technology to distribute financial products across markets in India and South Asia. Its platform is designed to bridge the financial literacy gap through tech-enabled social commerce.
Partnerships and Collaborations
GroMo collaborates with notable brands such as IDFC Bank, Jupiter Money, Axis Bank, and Freecharge to offer a broad spectrum of financial products. These partnerships enable GroMo to distribute insurance, investments, credit cards, loans, savings accounts, and Demat accounts to a wider audience via its independent agents.
Agent Opportunities and Earnings
GroMo enables agents to work flexibly from anywhere and offers a zero-investment model to start their business. Agents are able to earn up to ₹1 Lakh per month, with total partner earnings reaching ₹100 Crores to date. This platform provides independent agents with a lucrative opportunity to generate income through sales of financial products.
History and Growth
Established as part of the Y-Combinator batch W21, GroMo has rapidly expanded its influence across India and South Asia. With a team size of 100 based in Gurugram, Haryana, India, the company continues to grow by equipping agents with the tools and opportunities to sell a diverse range of financial products, enhancing both financial literacy and accessibility in the region.
