10 Best Upstox Alternatives & Competitors (2026)

Policybazaar is India's largest online insurance marketplace allowing agents and partners to refer life, health and general insurance policies. It offers a broad product catalog beyond GroMo's banking focus and provides partner dashboards plus marketing support. Unlike GroMo's instant payout model and free advisor certification, Policybazaar commissions are typically released monthly and training is more insurance-specific. It suits users wanting higher-ticket insurance sales but may feel less flexible for pure side-income seekers preferring credit cards and loans.

Paisabazaar helps users compare and apply for credit cards, personal loans and insurance. Partners can earn by referring customers through their platform. It overlaps with GroMo on credit and loan products yet lacks GroMo's zero-investment instant payout promise and dedicated training academy. Paisabazaar is stronger for users already in finance sales who want established brand trust, while GroMo appeals more to complete beginners seeking quick home-based earnings.

Groww is a direct mutual fund and stock investing app that runs a partner program for demat accounts and investments. It provides clean UI and educational content similar to GroMo's training modules. However, Groww payouts are usually monthly and the focus stays on investments rather than GroMo's wider mix of credit cards and loans. Users who prefer long-term wealth products may choose Groww over GroMo's commission-on-sale model.

BankBazaar aggregates banking products including cards, loans and accounts, letting affiliates earn referral fees. It shares GroMo's India focus but offers slower verification and payout processes. BankBazaar has deeper bank partnerships yet lacks GroMo's instant payout and flexible anytime work features, making it better for users comfortable with established financial portals rather than quick side gigs.

Paytm Money enables partners to refer mutual funds, insurance and accounts within the Paytm ecosystem. It benefits from Paytm's large user base but restricts earnings to its own products unlike GroMo's multi-brand approach. Payouts are reliable yet not instant, and training is lighter than GroMo's certified advisor courses, fitting users already inside the Paytm wallet ecosystem.

PhonePe runs merchant and referral programs where users earn by promoting insurance, mutual funds and bill payments. It leverages massive UPI adoption yet limits product choice and payout speed compared to GroMo's focused financial sales app. PhonePe suits users wanting to combine earning with everyday payments rather than dedicated advisor training.

Zerodha's referral program rewards users for bringing new demat accounts with brokerage credits. It is known for low-cost trading and strong community but offers no instant cash payouts like GroMo. Zerodha appeals to serious investors rather than side-income earners looking for quick commissions on loans and cards, making it a niche alternative.

EARNKaro is a general affiliate platform with cashback and referral links across shopping and finance categories. It allows zero-investment earning similar to GroMo but lacks specialized financial product training and instant payouts. Users seeking broader affiliate options beyond banking products may prefer EARNKaro, while GroMo remains stronger for certified finance sales.

Amazon Pay offers referral bonuses for wallet usage and some financial services inside Amazon's ecosystem. Earnings are smaller and less focused on loans or credit cards than GroMo. It provides instant wallet credits for some actions but lacks dedicated training or multi-brand financial product selling, making it a lighter alternative for casual users.