Stable Money Secures $25 Million in Funding Round

Stable Money recently announced a successful funding round, raising $25 million, spearheaded by Fundamentum Partnership with additional participation from Z47 and RTP Global. The results of this funding round on the company’s growth trajectory will be more evident in FY26 and FY27. For FY25, the company registered an operating revenue of Rs 4.3 crore alongside gross revenue of Rs 104 crore.

Financial Performance of Stable Money

According to consolidated financial statements submitted to the Registrar of Companies (RoC), Stable Money reported gross revenue of Rs 104.4 crore in FY25, a significant increase from Rs 1.3 crore in FY24. However, the operating revenue remained at Rs 4.3 crore. Analysis reveals that the company acquired bonds amounting to Rs 100 crore and subsequently sold them for Rs 104.4 crore, resulting in a net revenue of approximately Rs 4.3 crore, attributed to commission on bond sales.

Income Sources

Interestingly, the income of Rs 4.3 crore was recognised as service sales, but the company did not offer detailed information under this category. Additionally, the firm generated Rs 7.63 crore from non-operational avenues including interest from bank deposits, bonds, and dividend income from mutual funds, culminating in a total revenue of Rs 112 crore for the previous fiscal year.

Engagement with Startup Superb

Startup Superb attempted to communicate with the Stable Money team on several occasions throughout the week; however, the firm did not respond to inquiries concerning its financial details.

About Stable Money

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money provides users with the opportunity to invest in fixed-return products including fixed deposits (FDs), recurring deposits, secured credit cards, bonds, and precious metals like gold and silver. The platform boasts that over 40 lakh users have chosen it to invest more than Rs 5,000 crore across various secure financial instruments.

Cost Structure Overview

Turning to the cost side, the purchase of bonds represented the largest expense for the wealthtech firm, which accounted for Rs 100 crore in FY25. This was followed by advertising and promotional costs, amounting to Rs 25.33 crore. Employee benefits expenses escalated by 2.5 times year-on-year to Rs 21.8 crore, incorporating approximately Rs 5 crore in ESOP expenses. Overall, expenses soared to Rs 160 crore in the last fiscal year, influenced by expenditures on software, legal and professional services, travel, recruitment, and other overhead costs.

Losses Despite Revenue Growth

The company witnessed a staggering increase in losses, which surged 3.5 times year-on-year to Rs 44.8 crore in FY25, compared to Rs 12.8 crore in FY24. Despite achieving over Rs 100 crore in revenue for FY25, Stable Money’s losses widened significantly, primarily due to heightened bond purchases, aggressive marketing strategies, and ongoing investments in personnel and technology as the platform continues to scale.

Total Funding to Date

Stable Money has successfully raised a total of $65 million to date, including the latest $25 million funding round led by Peak XV, valuing the firm at $175 million last week. In June 2025, it previously raised $20 million in a funding round led by Fundamentum.