Home FinTech GroMo distributes Rs 100 crore in payouts to its partner agents

GroMo distributes Rs 100 crore in payouts to its partner agents

Founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, GroMo is helping to drive financial inclusion and enhancing financial literacy in tier- II, -III and smaller cities

by The Founder
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Fintech player GroMo has recently distributed Rs 100 crore in payouts to its partner agents. The company, in a statement, said that it aims to achieve Rs 1,000 crore in earnings for the GroMo partner agents in the next five years.

Founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, GroMo is helping to drive financial inclusion and enhancing financial literacy in tier- II, -III and smaller cities.

According to the statement, the company provides access to financial products like bank accounts, insurance, credit cards, loans and investment options from the leading banking and non-banking financial institutions. It has expanded its product portfolio from 25 to over 160 in the last couple of years. The platform has also onboarded over 36 lakh partners.

Between 2022 and 2023, GroMore has been able to increase the partner’s earnings by four times, added the statement.

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