Stable Money, a fast-growing fintech startup based in Bengaluru, has raised a huge amount of ₹173.1 crore ($20 million) in its latest Series B funding round. This funding is led by The Fundamentum Partnership Fund, which is co-founded by Infosys Chairman Nandan Nilekani. Along with Fundamentum, existing investors such as Lightspeed India, Matrix Partners, RTP Global, and Naman Finance also participated in the funding. This new investment pushes Stable Money’s total funding to $35 million and increases the company’s valuation to over $100 million, placing it among the top emerging fintech startups in India.
According to the documents filed with the Registrar of Companies (RoC), the company issued 10 equity shares and 51,914 Series B Compulsorily Convertible Preference Shares (CCPS) at a price of ₹33,345 per share. The investment by Fundamentum Partnership Fund II stands at ₹86.5 crore ($10 million). RTP Global, which had also led the Series A round, continued its support by investing ₹33.8 crore in this round. Matrix Partners invested ₹45.4 crore, Lightspeed India put in ₹4.3 crore, and Naman Finance added ₹3 crore.
After this round, the company’s shareholding has changed. Fundamentum now owns a 7.94% stake in Stable Money. Matrix Partners holds 18.97%, Lightspeed India controls 15.2%, RTP Global has 13.45%, and Naman Finance has 0.28%. These figures highlight the growing trust and confidence that top investors have in Stable Money’s business model and long-term vision.
The startup plans to use the fresh funds for various purposes including capital expenditure, marketing, and general corporate activities. The money will help the company improve its technology infrastructure, grow its team, and reach more users across Tier 1, Tier 2, and Tier 3 cities in India. The main focus is on building a strong and reliable fixed-return investment platform that offers secure and predictable returns to Indian investors.
Stable Money was founded in 2022 by Saurabh Jain and Harish Reddy. The company provides an online platform where users can invest in fixed-income products like fixed deposits (FDs), debt mutual funds, corporate bonds, and other low-risk financial instruments. This makes it an attractive option for people who want to earn steady returns without the risks associated with the stock market. The platform allows users to compare different investment options and make informed choices easily, all through a digital interface.
In a crowded fintech market, Stable Money stands out because it focuses only on low-risk, fixed-return investments. While other investment platforms like Groww, Zerodha Coin, and Upstox offer a wide range of products, Stable Money has built its reputation by being a specialist in fixed-income products. This specialization gives it an edge when it comes to partnering with banks and financial institutions, and offering the best rates to its customers.
The importance of this funding round goes beyond just the money. The backing of Fundamentum Partnership Fund, which is supported by industry veterans like Nandan Nilekani, adds strong credibility to the startup. It also shows that top investors believe in the future of fixed-income investing in India. Experts believe that as more Indians look for safe and secure ways to invest their money, platforms like Stable Money will play a key role in shaping how people manage their finances.
The new investment also comes less than a year after Stable Money raised ₹123.5 crore ($14.7 million) in its Series A round. The fact that all major investors have returned for the Series B round shows their strong faith in the company’s performance and growth potential. It is rare to see a startup raise back-to-back funding rounds in such a short span, and it speaks volumes about the team’s ability to execute its plans.
With this capital boost, Stable Money plans to expand its operations, offer new investment products, and improve the user experience. It is also working on launching apps in regional languages to attract more users from smaller towns and rural areas. The team wants to introduce tax-saving investment options, develop tools for goal-based financial planning, and organize webinars and educational content to increase awareness about smart investing.
In addition to being a trusted platform for individuals, Stable Money is also focusing on building strong business-to-business (B2B) partnerships. These partnerships will allow it to grow faster and offer more investment options by collaborating with banks, NBFCs, and wealth management firms. This strategy could help the company become a one-stop destination for anyone looking for safe and steady investment opportunities.In conclusion, the latest funding round marks a major milestone for Stable Money. With strong investor backing, a clear vision, and a unique focus on fixed-return investments, the startup is well on its way to becoming a leader in India’s wealthtech space. As financial awareness increases across the country and more people look for reliable investment tools, Stable Money is perfectly positioned to lead this change and help millions of Indians grow their savings with confidence.
