Bengaluru-based wealthtech startup Stable Money has raised USD 25 million (~INR 227 crore) in a pre-Series C funding round at a valuation of USD 175 million (~INR 1,590 crore). Stable Money pre-Series C round was led by Peak XV Partners, along with participation from Z47, RTP Global, Fundamentum Partnership, and Lightspeed Venture Partners. The company’s total funding now stands at USD 65 million (~INR 589 crore)

Stable Money: Business Overview

Stable Money focuses on fixed-income investing—a trusted and proven conservative investment strategy.

The company’s platform allows investors to digitally access and manage:

• Bank FDs across various banks
• Corporate and government bonds (as a licensed Online Bond Platform Provider)
• Stable Bonds and curated fixed-income products
• Credit cards backed by FDs
• Gold and silver ETFs (recently introduced)

The company refers itself as a “safety-first” savings platform that targets predictable, low-risk returns rather than equity volatility.

Strong Operating Momentum

Stable Money claims to have:

• Over 50 lakh users
• Facilitated INR 5,000+ crore in fixed-income investments
• Distributed approximately INR 1,600 crore in corporate bonds
• Partnerships with 13 banks and NBFCs, with plans to onboard seven more in the near term

Financially, the company reported a sharp jump in scale:

• FY25 operating revenue: INR 104 crore
• FY24 operating revenue: INR 1.3 crore
• FY25 loss: INR 44.8 crore (vs INR 12.8 crore in FY24)

Management is targeting profitability by FY27 and indicated a margin of ~0.6% on AUM.

Stable Money Pre-Series C Round: Use of Funds

Stable Money Series C capital will be used across:

• Platform and Product Expansion: Stable Money intends to improve its core technology stack and move into related, fixed-income categories like REITs and other savings products, all while keeping its conservative stance.
• Bank & NBFC Partnerships: The company seeks to work more closely with both established and new banks and NBFCs to help customers find better rates, give them more options, and bring new fixed-income products to market.
• Offline Expansion: Stable Money is also working to have a physical presence in tier-2 and tier-3 cities.. The company is operational in major cities like Delhi, Pune, and Kolkata.

Ambitious Growth Targets

Stable Money has outlined its aggressive targets:

• To scale monthly FD bookings toward INR 30,000 crore
• Targeting a customer acquisition 1,00,000+ user per month by the end of 2026
• Targetting to scale the business to 5x in the near term
• Targeting an INR 15,000 crore in investment volumes on the platform by year-end

Bottom line: The Stable Money Series C round happens at a time when Indian investors are leaning toward conservative yet modernized investing schemes. By doubling down on fixed income, trust, and offline-online integration, Stable Money is positioning itself as a long-term infrastructure player in how India saves—rather than trades.

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