Bengaluru-based wealthtech startup Stable Money has secured $25 million in a pre-Series C funding round, valuing the company at $175 million. The round was led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.
This latest fundraise comes after the company had previously raised $40 million from investors including Fundamentum Partnership Fund, Matrix Partners, RTP Global, and Lightspeed India.
Funding to Strengthen Platform and Expand Savings Products
According to the company, the fresh capital will be deployed to:
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Enhance its core fixed income investment platform
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Expand access to complementary savings products
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Scale its team across technology, operations, and partnerships
Stable Money aims to deepen partnerships with banks and NBFCs — both established and emerging — to broaden customer choice, improve rate discovery, and drive innovation in India’s fixed-income investing ecosystem.
Stable Money’s Fixed Income Investment Platform
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money focuses on helping individuals earn stable, secure returns through low-risk financial instruments.
The platform enables users to:
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Compare and invest in bank fixed deposits across multiple banks
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Invest in bonds through its proprietary offering, Stable Bonds
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Manage fixed-income products digitally in one place
The startup positions itself as a modern, digital-first alternative for Indian families seeking safe investment options.
Growing User Base and Assets Under Management
Stable Money claims that over 40 lakh users have invested more than ₹5,000 crore through its platform across fixed deposits, bonds, and other secure instruments.
The company has also been expanding its on-ground presence in key Indian cities to build stronger customer relationships and enhance trust in digital savings products.
Financial Performance
For the fiscal year ending March 2025, Stable Money reported:
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Operating revenue of ₹104 crore, up significantly from ₹1.3 crore in FY24
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Losses of ₹44.8 crore, compared to ₹12.8 crore in the previous fiscal year
The sharp revenue growth reflects rapid scale, while rising losses indicate continued investment in expansion and product development.
Founders’ Vision for Digital Savings in India
Commenting on the funding, co-founders Saurabh Jain and Harish Reddy said the raise reflects long-term investor confidence in building a trusted, modern platform for Indian savers.
They emphasized that more families are now managing savings digitally without compromising safety — a shift that presents significant opportunity in India’s growing wealthtech and fixed-income market.
India’s Wealthtech Opportunity
With increasing digital adoption, rising awareness of low-risk investment options, and growing demand for fixed-income products, India’s wealthtech sector continues to attract investor interest.
Stable Money’s latest funding round positions it to strengthen its footprint in the secure investment segment while competing in a rapidly evolving fintech landscape.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.