Stable Money, a Bengaluru-based fixed-income investment startup, has successfully raised $15 million from existing investors in a funding round led by Nandan Nilekani-founded Fundamentum. Other participating investors include Peak XV Partners, Z47 (formerly Matrix Partners India), and RTP Global. This latest round follows a previous funding of $25 million in February this year, also led by Peak XV Partners. As a result of this recent funding, Stable Money is now valued at $275 million.
This investment highlights the ongoing confidence that investors have in Stable Money’s business model and growth potential. The support from established names like Fundamentum and Peak XV Partners underscores the market’s recognition of Stable Money’s approach to fixed-income investments.
Stable Money’s ability to attract repeated investments showcases its strong position in the fintech sector, particularly in the realm of fixed-income investment platforms. This funding will likely fuel the startup’s expansion plans and further development of its technology-driven investment solutions.
Source: Tech-Economic Times