Peak XV Leads USD 25 Mn Round in Wealthtech Platform Stable Money The round also saw participation from Z47, RTP Global, and Fundamentum Partnership.

Wealthtech startup Stable Money has raised USD 25 million in a pre-Series C funding round led by Peak XV Partners, with participation from Z47, RTP Global, and Fundamentum Partnership. The round values the company at USD 175 million.

The Bengaluru-based firm had previously raised USD 40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and other investors.

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a fixed-income investment platform that enables individuals to earn predictable returns through bank fixed deposits, Stable Bonds, and other low-risk instruments. The platform allows users to compare interest rates, invest, and manage fixed-income products digitally.

The fresh capital will be used to strengthen its core fixed-income marketplace while expanding access to adjacent savings products. The company also plans to build an on-ground presence in key cities, recognising the importance of face-to-face trust in financial decisions. In parallel, it aims to deepen partnerships with banks and NBFCs to widen customer choice and enable transparent rate discovery.

"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," the founders said.

Stable Money says more than 40 lakh users have invested over INR 5,000 crore through its platform across fixed deposits, Stable Bonds, and other secure instruments.

The company operates in a growing digital savings market, competing with platforms such as Wint Wealth, Jiraaf, Grip Invest, Groww, and INDmoney.