- Stable Money raised ₹166 crore in a Series B round led by Fundamentum Partnership, with participation from Aditya Birla Ventures and others.
- The platform has over ₹3,000 crore in AUM and 20 lakh customers, with growing adoption in tier-2 cities.
Bengaluru-based wealthtech startup Stable Money has raised ₹166 crore (approximately $20 million) in a Series B round led by Nandan Nilekani’s Fundamentum Partnership, with participation from Aditya Birla Ventures and returning investors Lightspeed, RTP Global, and Z47.
The funding comes less than a year after its ₹124 crore ($15 million) Series A round.
Founded in 2022, Stable Money is carving a niche in India’s wealthtech landscape by focusing on conservative savers in tier-2 towns and beyond. Its offerings include fixed-income products like bank FDs, short-duration corporate bonds, and secured credit cards backed by deposits.
The company claims over ₹3,000 crore in AUM and more than 20 lakh customers, with monthly AUM doubling since it launched short-term bonds last October.
CEO and co-founder Saurabh Jain noted that 80% of bond investors started with FDs. “People want predictability. They don’t want to see their money go down,” he said.
The platform’s strategy is to gradually shift users from traditional savings to more complex instruments like bonds and mutual funds, all while maintaining a digital-first, low-risk approach.
Through a BSE license, Stable Money offers short-term bonds with tenors as low as two months. Same-day liquidity and free lifetime demat accounts further simplify access. Over 3,200 secured credit cards have been issued in one month, with strong uptake in smaller cities.
The startup will soon roll out loan-against-FD options and pilot debt, arbitrage, and gold mutual funds.
The new funding will support product expansion, deepen ties with banks and NBFCs, and scale physical distribution. Stable Money currently partners with 10 financial institutions and aims to grow that to 18 by June next year.
Edited by Annette George
