Bengaluru-based wealthtech startup Stable Money has secured $25 million in a pre-Series C funding round, pushing its valuation to $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 already secured $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and other investors in earlier rounds.
The fresh capital signals growing investor confidence in India’s fixed-income and low-risk investment segment — an area often overshadowed by equities and crypto in recent years.
What Stable Money Does
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money focuses on a simple but powerful idea: helping individuals earn predictable, stable returns through fixed-income investments.
Unlike stock trading platforms that promote high-risk, high-volatility assets, Stable Money is designed for investors seeking safety and consistency.
Its platform allows users to:
- Compare bank fixed deposits across multiple institutions
- Invest digitally in fixed deposits
- Access bonds through its Stable Bonds offering
- Manage and track fixed-income portfolios in one place
The goal is to make fixed-income investing as seamless and transparent as buying stocks online.
Why Fixed Income Is Back in Focus
In recent years, Indian retail investors have increasingly explored equities, derivatives, and alternative assets. However, market volatility and global economic uncertainty have revived interest in stable, low-risk investment options.
Fixed deposits and bonds remain among the most trusted savings instruments in India. Yet the process of comparing rates, managing multiple accounts, and tracking returns has traditionally been cumbersome.
Stable Money addresses this gap by aggregating products from multiple banks and financial institutions into a single digital interface.
This convenience layer is what investors — and now venture capital firms — are betting on.
How the $25 Million Will Be Used
According to the company, the newly raised funds will be deployed across three major areas:
1. Strengthening the Core Platform
Stable Money plans to further enhance its technology stack, improve user experience, and refine its product architecture to support scale.
2. Expanding Complementary Savings Products
Beyond fixed deposits and bonds, the company aims to expand into complementary low-risk savings products, potentially broadening its offerings for conservative investors.
3. Scaling the Team
The startup will also grow its team across technology, product, operations, and customer support functions to handle rising demand.
With increased capital and a higher valuation, the focus now shifts from building the foundation to scaling sustainably.
The Investors Behind the Bet
The presence of Peak XV Partners as the lead investor is significant. Formerly known as Sequoia Capital India & Southeast Asia, Peak XV has backed some of India’s most successful startups across fintech and consumer internet.
Z47, the rebranded Matrix Partners India, along with RTP Global and Fundamentum Partnership, also bring strong fintech investment track records.
Their continued participation indicates sustained belief in Stable Money’s long-term potential in India’s evolving wealthtech landscape.
Competing in a Crowded Wealthtech Market
India’s wealthtech ecosystem has expanded rapidly over the past few years. Many platforms focus on:
- Stock trading
- Mutual fund investments
- Crypto assets
- Alternative investments
However, the fixed-income segment remains relatively underserved in terms of digital aggregation and comparison.
Stable Money is positioning itself as the go-to platform for low-risk investing — targeting users who prioritize capital protection over aggressive growth.
This niche focus could prove to be a strategic advantage, particularly in uncertain economic environments.
The Road Ahead
At a $175 million valuation, Stable Money is entering a new phase of maturity. Investors will now look for:
- User growth
- Asset under management expansion
- Sustainable revenue models
- Product diversification
As interest rates fluctuate and investors rebalance portfolios, demand for accessible fixed-income products could continue to grow.
If Stable Money successfully scales its platform while maintaining trust and transparency, it could emerge as a key player in India’s wealthtech ecosystem — not by chasing volatility, but by championing stability.
