Bengaluru-based wealthtech startup Stable Money has recently secured $25 million in a Pre-Series C funding round to support its expansion plans. The funding, led by Peak XV Partners and joined by existing investors Z47, RTP Global, Lightspeed, and Fundamentum Partnership, marks a significant milestone for the company.
Stable Money, founded in 2022, offers a range of fixed-return asset investment opportunities for retail investors, including fixed deposits, debt mutual funds, and bonds. The startup, with a user base exceeding 5 million investors and having facilitated over ₹5,000 crore in investments, aims to leverage the fresh capital to enhance its marketing efforts and introduce new wealthtech products on its platform.
According to Saurabh Jain, co-founder of Stable Money, the company plans to strengthen its partnerships by onboarding additional bond suppliers and banks. Currently, the platform collaborates with 13 banks and NBFCs, with plans to add seven more financial institutions by the end of the year.
With the fintech sector witnessing substantial investments in recent years, Stable Money’s funding round underscores the growing demand for innovative wealth management solutions and the competitive landscape in the sector.
Source: Inc42 Media