Stable Money Revolutionises Wealth Management
Wealthtech company Stable Money has successfully secured $25 million in a pre-Series C funding round, reaching a valuation of $175 million. This round was led by Peak XV Partners, with additional contributions from Z47 (previously known as Matrix Partners), RTP Global, and Fundamentum Partnership. Based in Bengaluru, the startup had earlier raised $40 million from a mix of investors including Fundamentum Partnership Fund, Matrix Partners, RTP Global, and Lightspeed India.
The funds acquired will be directed towards enhancing its core platform, broadening access to complementary savings products, and expanding the team across essential functions, as shared by Stable Money in a recent announcement.
Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money serves as a fixed income investment platform, allowing users to earn consistent and secure returns through fixed deposits, attractive bonds via Stable Bonds, and various other low-risk financial instruments. The platform offers a digital interface for users to compare, invest, and manage fixed income products, particularly focusing on bank fixed deposits available from multiple banks.
Saurabh Jain and Harish Reddy expressed that the growing trend of millions of families opting to manage their savings digitally has been significantly encouraging. They conveyed gratitude towards their investors for their unwavering support in the company’s journey, highlighting that this funding round underscores a long-term belief in their mission to create a trusted and modern platform for saving in India.
Plans to strengthen direct partnerships with banks and Non-Banking Financial Companies (NBFCs), both traditional and emerging, are also on the agenda. This strategy aims to enhance customer options, facilitate smarter rate discovery, and promote innovation. Stable Money is actively working to establish a stronger physical presence in key Indian cities, fostering closer, face-to-face connections with customers.
According to claims from Stable Money, over 40 lakh users have utilized their platform to invest upwards of Rs 5,000 crore in fixed deposits, Stable Bonds, and other secure investment options.
For the fiscal year concluding in March 2025, Stable Money has forecasted operating revenue amounting to Rs 104 crore, a significant increase from Rs 1.3 crore in FY24. Simultaneously, losses escalated to Rs 44.8 crore, rising from Rs 12.8 crore during the same timeframe.
Data compiled by Startup Superb reveals that Indian wealthtech startups collectively generated over $634 million through 51 deals involving 39 companies in 2024 and 2025. Noteworthy developments in the current calendar year include AssetPlus raising $19.3 million, Wint Wealth securing $28 million, and Otto Money garnering $1.3 million.
