GroMo Fintech Platform Disburses Rs 100 Crore to Partner Agents

Fintech platform GroMo has announced the distribution of Rs 100 crore in payouts to its partner agents as it marks its five-year milestone. The company, co-founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, aims to achieve Rs 1,000 crore in earnings for its partner agents in the next five years. GroMo’s platform, which facilitates the distribution of financial products, focuses on driving financial inclusion and enhancing literacy in tier 2, 3, and smaller cities.

GroMo provides access to a wide range of financial products, including bank accounts, insurance, credit cards, loans, and investments, from leading banking and non-banking institutions. Over the years, the platform has expanded its product portfolio from 25 to over 160 offerings and has successfully onboarded over 36 lakh partners, operating across 19,000 pin codes in India.

The company has significantly increased partner earnings, noting a fourfold increase between 2022 and 2023. As part of its expansion strategy, GroMo aims to double its workforce size in the coming year and introduce innovative products to enhance user experience. The platform’s tech-enabled community-driven approach aims to bridge the financial literacy gap by offering a diverse range of financial products from renowned brands.