We’ve Raised $20M in Series B: Here’s What’s Next for Stable Money

Big news: we’ve raised $20 million (₹173 crore) in our Series B funding round! 

This round was led by Fundamentum Partnership, co-founded by Nandan Nilekani, and backed by Aditya Birla Ventures. Our existing investors, Z47, RTP Global, and Lightspeed, also returned with their continued support.

It’s more than just a funding milestone. It’s a validation of the journey we’re on and a huge step forward in building the most trusted fixed-income platform in India.

A Quick Look at the Round

• Total capital raised till date: $45 million
• New investor on board: Fundamentum
• Returning investors: RTP Global, Lightspeed, Z47
• New support: Aditya Birla Ventures
• Also backing us: Angel investors like Sriharsha Majety (Swiggy), Kunal Bahl, and Rohit Bansal (Snapdeal)

Why Does This Milestone Matter?

We launched in 2022 with a simple idea of making fixed income investing effortless and accessible. Fast forward to now, we have:

• 2 million+ users
• ₹3,000 crore+ in assets under management
• 40%+ quarter-on-quarter growth

Our users aren’t just numbers, they’re real people who trust us with their savings.

From Digital FDs to a Full-Stack WealthTech Platform

We began with fixed deposits, but we didn’t stop there:

• Short-Term Bonds: 2–6 month corporate bonds with same-day liquidity, enabled by our BSE OBPP license
• Secured Credit Card: Backed by FDs. We’ve rolled out 3,200+ cards in just one month
• Mutual Funds and Loan Against FD: Now piloting with gold mutual funds and loan against FD.
• DIY Investment Baskets: A first-of-its-kind experience to let you build your own mix of FDs, bonds, and funds

So, What’s Next?

Here’s how we’re putting this capital to work:

We’re not just adding features, we are building an ecosystem where every Indian feels confident about saving and growing their money.

Still Early. Still Hungry.

We are just getting started. Here's why we're excited for what's ahead:

• The market is massive with over 230 million FD holders in India
• Most have never had access to digital, flexible and transparent tools like ours
• We are aiming to become the go-to destination for stable, low-risk wealth building in India

This funding doesn’t change who we are. It strengthens what we stand for. We’re here to make saving smarter, more flexible, and more rewarding. 

Grow your wealth with FDs and Bonds. Download Stable Money