Stable Money, a digital platform that helps people invest in fixed-income products, has raised $25 million (about INR 226.8 crore) in a Pre-Series C funding round. The round was led by Peak XV Partners, with support from existing investors Z47, RTP Global, and Fundamentum Partnership.
The company plans to use the money to expand its marketing efforts and launch new wealth-tech products on its platform. It will also use part of the funds to build partnerships by adding more bond providers and banks to its platform, giving users more investment options.
“Right now, we have 13 banks and NBFCs on the platform and we are adding seven more banks and NBFCs by the end of this year,” cofounder Saurabh Jain said.
“The funds will primarily be used to grow the business, our aim is to grow our customer base and scale by five times by the end of this year,” Jain said.
“We are currently operational in Delhi, Pune and Kolkata, we will grow to seven cities next,” he added.
“Stable Money has demonstrated exceptional clarity of focus in building a safety first investments platform. The team has combined strong product thinking and speed of execution, with a trust-first approach to simplify how Indians invest in stable and compounding investment options. Their rapid scale, deep bank partnerships, and disciplined execution stand out in a market where credibility matters most,” said Chinmaya Golecha, Principal, Peak XV Partners.
“We’ve had a front-row seat to Saurabh and Harish’s long-term commitment to building in fixed income since the early days. Over the years, they have demonstrated their conviction through building with clarity, discipline and by earning customer trust,” said Nishit Garg, Partner at RTP Global.
Stable Money was founded in 2022 by Jain and Harish Reddy in Bengaluru. The platform offers fixed-return investment options for retail investors, including fixed deposits, debt mutual funds, bonds, and other low-risk assets. These investments aim to provide returns higher than inflation and help people grow their savings safely.
Stable Money competes with popular investment platforms like Groww, Zerodha Coin, and Upstox in the growing wealth-tech space.
With its latest funding round, Stable Money has raised around $65 million in total. Its investors include Aditya Birla Ventures, Mars Shot Ventures, Sriharsha Majety of Swiggy, Kunal Shah of CRED, and Rohit Bansal, co-founder of Snapdeal.
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