Stable Money raises $25M in pre-Series C funding led by Peak XV Partners

Stable Money, a Bengaluru-based digital platform for fixed-income investments, raised $25 million in a pre-Series C funding round led by Peak XV Partners, with participation from existing investors Z47, RTP Global, and Fundamentum Partnership, the company said Wednesday.

The raise brings the company's total funding to $65 million since its founding in 2022 by Saurabh Jain and Harish Reddy. The platform, which allows users to invest in fixed deposits, bonds, and other low-risk instruments, counts more than 50 lakh users and has facilitated over Rs 5,000 crore in investments.

Jain said the capital will be deployed across platform development, team building, and physical expansion. "With this funding, Stable Money will double down on its mission to make fixed-income investing simple, transparent, and accessible for every Indian by strengthening its core platform, expanding access to complementary savings products, and building a high-quality team across product, partnerships, technology, and customer experience to drive disciplined execution at scale," he told YourStory.

The company also plans to deepen its relationships with lenders. "The company will continue to deepen direct partnerships with banks and NBFCs, both established and emerging, to widen customer choice, enable smarter rate discovery, and drive innovation in a category built on trust," Jain said.

Notably, a portion of the capital will be directed toward offline channels. "The capital will also support expansion beyond digital channels. Recognising that financial decisions are rooted in trust, Stable Money is strengthening its on-ground presence in key cities across India to build deeper, face-to-face relationships with customers," Jain added.

Product roadmap

Stable Money's existing product suite spans fixed deposits, bonds through its Stable Bonds offering, FD-backed credit cards, and curated savings solutions. Jain indicated the company is evaluating adjacent categories without departing from its core positioning.

"Stable Money's approach continues to be guided by its core philosophy of offering secure, predictable, and transparent investment options for Indian households. While fixed deposits and bonds remain central to the platform, the company intends to broaden access to complementary savings products that align closely with its fixed-income focus," he said. "As part of this journey, the team is evaluating additional categories such as REITs and other fixed-income aligned offerings, while continuing to bring innovation to existing categories like FD-backed credit cards and curated savings solutions," Jain said.

“Stable Money has demonstrated exceptional clarity of focus in building a safety first investments platform. The team has combined strong product thinking and 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,” said Chinmaya Golecha, Principal, Peak XV Partners.

RTP Global has previously backed the company in their Series A and Series B rounds and has continued with a follow-on participation in this round.

“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,” said Nishit Garg, Partner at 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,” said Mayank Kachhwaha, Principal, The Fundamentum Partnership. 

“It's rare to see a hyper-accelerated journey of building India's largest and most trusted fixed income platform," said Priyal Motwani, Vice President-India, Lightspeed Venture Partners. 

“Stable Money has quickly emerged as a category leader with their promise of stable wealth creation, a differentiated product experience, which has won trust with first-time investors. What excites us most is how Saurabh, Harish and team have expanded the suite of products - from FDs to bonds to mutual funds and secured cards - while maintaining their trust-first approach,” said Vikram Vaidyanathan, Investor & MD at Z47 (formerly Matrix Partners).