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India
2019 (7 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know GroMo
Company Information
Get to know GroMo
Founded in 2019 by Ankit Khandelwal and Darpan Khurana, GroMo is a social commerce platform aimed at increasing financial literacy and inclusion in India. The company's mission is to empower a network of micro-entrepreneurs, known as "GroMo Partners," by providing them with a mobile application to sell financial products like insurance, loans, credit cards, and investment accounts from various financial institutions. GroMo provides its partners with training, product information, a customer management system, and marketing tools to help them build their own businesses and earn commissions.
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