Bengaluru-based wealthtech startup Stable Money raises $25 million in funding

Bengaluru-based wealthtech startup Stable Money has raised $25 million in a pre-Series C funding round at a valuation of $175 million. The round was led by Peak XV Partners, with participation from Z47, formerly Matrix Partners, RTP Global, and Fundamentum Partnership.

The fundraise follows earlier capital inflows of $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and other investors.

The startup plans to use the raised capital to strengthen its core platform, expand access to complementary savings products, and scale its team across key functions.

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money operates a fixed income investment platform that enables individuals to earn stable returns through fixed deposits, bonds via Stable Bonds, and other low-risk instruments. Its digital interface allows users to compare, invest in, and manage fixed income products, particularly bank fixed deposits offered by multiple institutions.

“What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise. We are deeply grateful to our investors for their continued belief in our journey. This raise reflects long term conviction in our mission to build a trusted, modern platform for how India saves,” said Saurabh Jain and Harish Reddy, co-founders of Stable Money.

The startup plans to deepen direct 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 across India to build deeper, face-to-face relationships with customers.

Stable Money claims that over 40 lakh users have invested more than Rs 5,000 crore across fixed deposits, Stable Bonds, and other secure instruments on its platform.