Stable Money, a Bengaluru-based wealthtech platform specializing in fixed-income investments, has successfully raised $25 million in a pre-Series C funding round. The investment, led by Peak XV Partners, elevates the company's valuation to $175 million and brings its total capital raised to $65 million since its inception in 2022. This new funding injection is set to accelerate the company's mission of making secure savings instruments more accessible and transparent for Indian households.
Strategic Capital for Growth and Expansion
The newly acquired capital will be strategically deployed to enhance the company's core digital platform and expand its team across critical functions. Founders Saurabh Jain and Harish Reddy plan to bolster their product, technology, and customer experience departments to support disciplined growth. This investment underscores a commitment to refining the user experience and scaling operations to meet growing demand for reliable investment options.
Recognizing that financial decisions are deeply rooted in trust, Stable Money is also channeling funds toward establishing a significant on-ground presence. The company plans to expand its physical footprint from three to seven key cities across India to foster deeper, face-to-face relationships with its customers. This hybrid online-offline strategy aims to build lasting trust and provide personalized support, complementing its robust digital interface.
Enhancing Product Offerings and Partnerships
While fixed deposits and bonds remain central to its platform, Stable Money intends to broaden its suite of complementary savings products. The company is actively evaluating adjacent categories, such as Real Estate Investment Trusts (REITs), that align with its fixed-income focus. This product roadmap is designed to provide users with a more comprehensive and diversified portfolio of secure, predictable investment choices.
A key aspect of the company's growth strategy involves deepening its direct partnerships with both established and emerging banks and NBFCs. This collaboration aims to widen customer choice, enable smarter interest rate discovery, and drive innovation within the fixed-income sector. By strengthening these relationships, Stable Money seeks to enhance the value and transparency it offers to its rapidly growing user base.
Impressive Traction and Future Ambitions
Since its launch in 2022, the platform has demonstrated remarkable market traction, attracting over five million users. These users have collectively invested more than Rs 5,000 crore in various fixed-income instruments, including fixed deposits and corporate bonds. This rapid adoption highlights a significant market need for a simplified and trustworthy digital avenue for stable wealth creation.
Looking ahead, Stable Money has set ambitious targets, aiming to grow its customer base fivefold by the end of the current year. The company also plans to increase the total volume of investments facilitated through its platform to approximately Rs 15,000 crore. These goals reflect a clear strategy to aggressively scale its operations and solidify its leadership position in the market.
Investor Confidence and Market Position
The funding round was anchored by strong investor confidence, with Chinmaya Golecha of lead investor Peak XV Partners praising the company's exceptional focus. He highlighted the team's combination of strong product thinking, rapid execution, and a trust-first approach as key differentiators in the market. This endorsement validates Stable Money's strategy of simplifying how Indians invest in stable, compounding financial instruments.
Continued participation from existing investors, including Z47, RTP Global, and Fundamentum Partnership, further signals strong belief in the company's trajectory. Partners from these firms commended the founders for their disciplined execution, clarity of vision, and success in building a trusted brand. This consistent backing underscores the investment community's conviction in Stable Money's long-term potential to redefine fixed-income investing in India.
This $25 million funding round marks a pivotal moment for Stable Money, equipping it with the resources to enhance its platform and expand its reach. The investment will fuel the company's mission to democratize access to secure fixed-income products for millions of Indian savers. With strong investor backing and a clear growth strategy, Stable Money is well-positioned to continue its leadership in the evolving wealthtech landscape.