Co-founders Saurabh Jain and Harish Reddy.Wealthtech startup Stable Money has raised $25 million in a Pre-Series C funding round led by Peak XV Partners, with participation from existing investors Z47, RTP Global and Fundamentum Partnership.
The company has raised a total of $65 million to date.
The fresh capital will be used to strengthen the core platform, expand into complementary savings products, and hire across product, partnerships, technology and customer experience functions.
The company said it will also deepen direct partnerships with banks and NBFCs.
“Stable Money was built on a simple conviction that Indian households deserve fixed-income products that are transparent, accessible, and worthy of their trust. What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise,” co-founders Saurabh Jain and Harish Reddy, said.
Founded in 2022, Stable Money digitises access to products such as fixed deposits, bonds and other low-risk instruments. The company said over 50 lakh users have invested more than ₹5,000 crore on its platform across fixed deposits, Stable Bonds and other secure instruments.
“Stable Money has demonstrated exceptional clarity of focus in building a safety first investments platform. Their rapid scale, deep bank partnerships, and disciplined execution stand out in a market where credibility matters most. We are excited to partner with Saurabh, Harish and the Stable Money team as they become the platform of choice for millions of Indians,” said Chinmaya Golecha, principal, Peak XV.
The three-year-old company is positioning itself as an alternative to traditional and paperwork-heavy processes by offering a three-minute FD booking journey without requiring users to open a savings account.
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