FinTech & Wealth ManagementOromi Wealth · 2024 · 4 min read

Oromi: 24K Digital Gold Investment & Micro-Savings

Enabling consumers to buy, accumulate, and redeem certified 24K physical gold through daily spare-change micro-investments.

Key Project Metrics and Results

₹10Minimum Investment Barrier
30sGuaranteed Price Lock Period
100% InsuredPhysical 24K Gold Backed
InstantUPI Liquidation to Bank

Background & Problem Space

Gold has always been India’s most trusted store of value, but traditional jewelers require large lump-sum purchases. Oromi democratizes gold savings by letting users invest as little as ₹10 into 99.9% pure 24K gold stored in insured vaults.

Core Bottlenecks

Gold market rates fluctuate continuously during trading hours. Buy and sell transactions must lock prices with split-second accuracy, while adhering to strict AML/KYC financial regulations.

Architectural Approach

We built Oromi with a live rate engine that locks spot prices for 30 seconds during purchase checkout, paired with automated daily recurring SIP savings and instant vault buyback liquidations.

Key Engineering Decisions

Fintech-compliant architecture connecting upstream bullion rate providers with instant UPI payment gateways, backed by automated vault balance reconciliations.

1

30-Second Price Lock Mechanism: Protects users and bullion liquidity partners against volatile spot price slippage during checkout.

2

Automated Daily Micro-Vault Engine: Scheduled recurring cron workflows that deduct micro-savings and buy fractional grams of gold automatically.

Full Multi-Module System (3 Applications & Services)

Every client, role, and stakeholder received a purpose-built application engineered for their specific workflow.

Mobile App
iOSAndroid

Oromi Investor Mobile App

Sleek consumer fintech app showing live 24K gold rates, portfolio gram holdings, gold price trends, and one-tap purchase.

Technical Highlights:

  • Live tick-by-tick gold price chart
  • One-tap UPI payment checkout
  • Daily auto-save recurring mandate
Backend Service
Backend Service

Live Bullion Market Price Ticker

High-availability websocket worker polling international gold spot markets and computing local retail rates including GST.

Technical Highlights:

  • Sub-second price updates
  • Automated spread calculation
  • Circuit breaker price caps
Web Application
Desktop Web

KYC & Vault Liquidation Admin Console

Compliance dashboard for verifying user identity documents, monitoring vault reserve ratios, and approving sellback bank transfers.

Technical Highlights:

  • Automated PAN verification
  • Bank account penny-drop validation
  • Vault audit reports
React NativeNode.jsExpressPostgreSQLUPI Payment SDKsTailwindCSS

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