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.

Industry

Financial Other ServicePRIMARY
Financial Insurance

Contact

Social

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GroMo

India

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.