Wealthtech platform Stable Money, digital fixed-deposit investment platform, has raised $20 million (₹173 crore) in a Series B funding round led by Nandan Nilekani’s Fundamentum Partnership, with investment from Aditya Birla Ventures and continued participation from all the existing investors Z47, RTP Global, and Lightspeed.
This round also comes after just 10 months of their Series A round.
The company will deploy the fresh capital to innovate on its wealth product offerings, deepen its partner network, and accelerate distribution. On the partnerships front, Stable Money aims to add at least eight new banks and NBFCs in 2025. It will also expand its marketing reach to connect with investors in Tier-2 and -3 towns, where the demand for secure, inflation-beating returns continues to grow.
Launched in 2022, Stable Money has over 20 lakh users, with total assets under management now exceeding ₹3,000 crore across Fixed Deposits and Stable Bonds.
Previous fund-raises
Saurabh Jain and Harish Reddy, Co-founders of Stable Money, said, “With the support of Fundamentum and Aditya Birla Ventures and the continued trust of Z47, RTP Global and Lightspeed, we’re building on our momentum to create a category-defining platform. This funding is a strong vote of confidence in our mission to deliver predictable, inflation-beating returns to millions of households, and will help us further strengthen our user experience, expand our partner network, and reach investors across every corner of India.”
Stable Money has previously raised $20 million across multiple funding rounds from a diverse set of investors, including Z47, Lightspeed, RTP Global, Marshot, as well as prominent angel investors such as Sriharsha Majety, Kunal Bahl and Rohit Bansal.
Stable Money enables users to invest in FDs without opening a savings account. Some of its features include a three-minute booking flow, instant withdrawals, a seven-day trial FD and FD-backed lifetime-free credit cards.
Mayank Kachhwaha, Principal at Fundamentum, said, “Stable Money is reimagining savings by building a highly trusted, digital-first fixed-income investment platform. They’ve blitzscaled from zero to over ₹3,000 crore in AUM and have demonstrated 40 per cent growth over the last three months. The team has democratised access to fixed-income products and built incredible customer love along the way. They began with fixed deposits, and their story continues to grow with the launch of Stable Bonds.”
Published on June 3, 2025
