Bengaluru-based wealthtech startup Stable Money has raised $25 million in a pre-Series C funding round, valuing the company at $175 million. The round was led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.
This latest infusion follows an earlier $40 million raise from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and other backers.
According to the company, the fresh capital will be directed toward strengthening its core technology platform, expanding access to complementary savings products, and scaling teams across key business functions. Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money operates a fixed-income investment platform that enables individuals to generate stable returns through fixed deposits, bonds offered via Stable Bonds, and other low-risk instruments. Its digital interface allows users to compare rates, invest, and manage fixed-income products — particularly bank fixed deposits — across multiple financial institutions.
“What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise. We are deeply grateful to our investors for their continued belief in our journey. This raise reflects long term conviction in our mission to build a trusted, modern platform for how India saves,” said Saurabh Jain and Harish Reddy, co-founders of Stable Money.
Looking ahead, the company plans to deepen direct partnerships with banks and non-banking financial companies (NBFCs), spanning both established and emerging players. The objective is to broaden customer choice, enable smarter rate discovery, and encourage product innovation. Stable Money is also expanding its on-ground presence in key cities across India to build stronger, face-to-face engagement with customers.
The startup says more than 40 lakh users have invested over Rs 5,000 crore through its platform across fixed deposits, Stable Bonds, and other secure products. For the financial year ending March 2025, Stable Money reported operating revenue of Rs 104 crore, a sharp rise from Rs 1.3 crore in FY24. However, losses widened to Rs 44.8 crore from Rs 12.8 crore during the same period.
The fundraise comes amid sustained investor interest in India’s wealthtech ecosystem. Data compiled by Entrackr indicates that Indian wealthtech startups collectively raised over $634 million across 51 deals involving 39 companies during 2024 and 2025. In the current calendar year, AssetPlus secured $19.3 million, Wint Wealth raised $28 million, and Otto Money garnered $1.3 million, reflecting continued momentum in the sector.
