Wealthtech startup Stable Money has secured $25 million in funding at a valuation of $175 million in a pre-Series C round, with Peak XV Partners leading the investment, alongside Z47, RTP Global, and Fundamentum Partnership. This capital injection aims to bolster Stable Money’s core platform, enhance access to savings products, and grow its team, according to a press release.
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a digital fixed income investment platform enabling users to earn stable returns through fixed deposits, bonds like Stable Bonds, and other low-risk instruments. The startup plans to deepen collaborations with banks and NBFCs to expand customer options and drive innovation.
With over 40 lakh users investing more than Rs 5,000 crore via its platform, Stable Money reported an operating revenue of Rs 104 crore in the fiscal year ending March 2025, showcasing significant growth from the previous year.
Source: Entrackr : Latest Posts