Stable Money, a wealthtech startup in India, has raised $25 million in a pre-Series C funding round at a valuation of $175 million, led by Peak XV Partners.
The funding also saw participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.
The Bengaluru-based startup had previously secured $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and other investors, the company said in a press statement.
The funding will be used to strengthen the company’s core platform, broaden access to complementary savings products, and scale teams across key functions, the statement added.
Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money allows users to invest in fixed deposits, bonds, and other low-risk instruments. Its digital platform enables users to compare, invest in, and manage fixed-income products, particularly bank fixed deposits, across multiple institutions.
“Stable Money was built on a simple conviction that Indian households deserve fixed-income products that are transparent, accessible, and worthy of their trust. What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise. This raise reflects long-term conviction in our mission to build a trusted, modern platform for how India saves,” said Saurabh Jain, co-founder & CEO, Stable Money.
Stable Money reports that over 40 lakh users have invested upwards of Rs 5,000 crore through its platform, spanning fixed deposits, stable bonds, and other low-risk investment options.
The company plans to deepen partnerships with banks and NBFCs, both established and emerging, to widen customer choice, enable smarter rate discovery, and drive product innovation. It is also strengthening its on-ground presence in key cities to build deeper relationships with users, the statement said.
