Stable Money, a financial platform founded in 2022 by Saurabh Jain and Harish Reddy, recently disclosed its financial results for FY25, showcasing a mix of revenue and losses. The company, which enables users to invest in various fixed-return products like fixed deposits, bonds, and secured credit cards, reported an operating revenue of Rs 4.3 crore and gross revenue of Rs 104 crore during the fiscal year.
This revenue was primarily generated through the company’s commission on bond sales, where it purchased bonds worth Rs 100 crore and sold them for Rs 104.4 crore. Stable Money also earned additional income from non-operating sources such as interest on bank deposits and dividend income from mutual funds, amounting to a total income of Rs 112 crore.
Despite achieving significant revenue figures, Stable Money faced a substantial loss of Rs 44.8 crore in FY25, attributed to high bond purchases, aggressive marketing spending, and continuous investments in team and technology enhancements. The company’s financial strategy included substantial expenses on bonds, advertising, employee benefits, software, legal services, and other operational overheads.
Looking ahead, Stable Money recently secured a $25 million funding round led by Fundamentum Partnership, signaling potential growth and scale in the upcoming fiscal years. With over 40 lakh users investing more than Rs 5,000 crore on its platform, the company’s tech-driven approach to financial services continues to attract a substantial user base.
Source: Entrackr : Latest Posts