Stable Money, India's first digital fixed-return investment platform, raised $20 million in Series B funding led by Fundamentum Partnership, indicating strong investor confidence and strategic growth in the burgeoning Indian fintech landscape.

Information on the Target

Stable Money, co-founded by Saurabh Jain and Harish Reddy, is India's pioneering digital platform focused on fixed-return investments. The company recently secured $20 million in Series B funding, signifying strong investor confidence and marking a significant milestone just ten months after its Series A round. Since its inception in 2022, Stable Money has grown its user base to 2 million and increased its assets under management to over ₹3,000 crore, providing accessible and stable investment options for Indian savers.

Stable Money aims to transform the savings landscape in India by offering safe and predictable returns. Their platform facilitates investment in various fixed-return products, including fixed deposits (FDs) and listed bonds, and innovates with features such as 3-minute FD bookings and instant redemptions, making it appealing to the growing number of savers in the country.

Industry Overview in India

The financial technology industry in India has experienced rapid growth, especially in the investment sector. With a significant shift in consumer behavior, more individuals are prioritizing long-term