Stable Money has raised $25 million in a Pre-Series C round led by Peak XV Partners, with continued participation from Z47, RTP Global, and Fundamentum Partnership, as the Bengaluru-based company accelerates its push to modernize India’s fixed deposit market.
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money is focused on digitizing and simplifying fixed-income investing in India. The company said more than 30 lakh users have invested over ₹5,000 crore on the platform across fixed deposits, Stable Bonds, and other secure instruments. With more than 230 million Indians relying on fixed deposits and the category compounding at approximately 12% annually, the company aims to become the operating layer for how India saves.
The platform allows users to book fixed deposits without opening a savings account, access instant withdrawals, invest in short-term products such as 7-day FDs, unlock secured lifetime-free credit cards, and discover curated fixed-income products through a digital interface designed around transparency and speed. The company emphasizes trust, reliability, and ease of use over product novelty.
In under three years, Stable Money has raised a total of $65 million from institutional investors and prominent angels to support its expansion in what it describes as a durable and underserved category.
With the latest funding, the company plans to further strengthen its core fixed-income platform while expanding into adjacent savings products. It also intends to build an on-ground presence in key cities to complement its digital operations, particularly in markets where financial trust is built face-to-face. In parallel, Stable Money will deepen direct partnerships with banks and NBFCs to widen customer choice and improve rate discovery in the fixed-income segment.
Investors highlighted the company’s rapid scale and focus on trust-driven product design as key differentiators in a market where credibility is critical. RTP Global, which first backed the company at Series A and Series B, reaffirmed its support in this round, while Peak XV joins as a new lead investor.
Stable Money describes itself as India’s leading fixed-income investment platform, offering access to fixed deposits, bonds through Stable Bonds, and other low-risk instruments via a transparent digital experience. The company’s backers also include Lightspeed and a group of angel investors such as Sriharsha Majety of Swiggy and Kunal Bahl and Rohit Bansal of Snapdeal.
KEY QUOTES:
“Stable Money has quickly emerged as a category leader with its promise of stable wealth creation and a differentiated product experience that has won the trust of first-time investors. What excites us most is how Saurabh, Harish and the team have expanded the suite of products – from FDs to bonds to mutual funds and secured cards, while maintaining their trust-first approach. We are privileged to have seen their journey from day zero to ₹5,000+ crore in AUM today and welcome Peak XV to the partnership.”
Vikram Vaidyanathan, Investor & MD, Z47
“Stable Money was built on a simple conviction that Indian households deserve fixed-income products that are transparent, accessible, and worthy of their trust. 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.”
Saurabh Jain, Co-founder & CEO, Stable Money
“Stable Money has demonstrated exceptional clarity of focus in building a safety first investments platform. The team has combined strong product thinking, speed of execution with a trust-first approach to simplify how Indians invest in stable and compounding investment options. Their rapid scale, deep bank partnerships, and disciplined execution stand out in a market where credibility matters most. We are excited to partner with Saurabh, Harish and the Stable Money team as they become the platform of choice for millions of Indians.”
Chinmaya Golecha, Peak XV Partners
“We’ve had a front-row seat to Saurabh and Harish’s long-term commitment to building in fixed income since the early days. Over the years, they have demonstrated their conviction through building with clarity, discipline and by earning customer trust. Our continued participation across rounds reflects our belief not only in the founders but also in the large, enduring opportunity they are addressing. Stable Money is redefining how India invests, and we are excited to support the team as they continue to scale.”
Nishit Garg, Partner, RTP Global
“Stable Money is solving a real-world problem for the Indian saver by making fixed income simple and accessible. Saurabh and Harish have shown incredible execution and grit from day one, and the growth they’ve achieved is a clear testament to the trust they’ve built. We are excited to have a ringside view as they continue to scale and redefine the wealth management landscape in India.”
Mayank Kachhwaha, Principal, Fundamentum Partnership
