Indian WealthTech Stable Money Secures $25 Million to Expand Fixed Income Platform
- 9 hours ago
- 2 min read
Stable Money, an Indian WealthTech startup that has built a self-directed fixed income platform, has secured $25 million in a pre-Series C funding round. Peak XV Partners led the investment with participation from existing backers including Z47, RTP Global, and Fundamentum Partnership. This latest capital infusion brings the total funding raised by the firm to $65 million and values the company at approximately $175 million.
The platform allows retail investors to compare and manage low risk financial products like bank fixed deposits and corporate bonds. Stable Money has already onboarded over 4 million users who have facilitated more than $600 million in investments. By partnering with thirteen banks and operating as a licensed bond provider, the firm simplifies the discovery process for Indian households. Its mission is to provide a transparent gateway for stable wealth creation without the volatility associated with equity markets.
This funding will support expansion into smaller cities and the addition of new asset classes like real estate investment trusts. The company aims to scale its customer base significantly while strengthening its technology. For the wealth management industry, this growth highlights the rising demand for digital platforms that cater to conservative investors. Providing accessible and secure savings tools remains a critical priority for the evolving Indian financial landscape.
Knote: India is not exactly in a retirement income crisis with only about 7% of the population over 65. But the popularity of the Stable Money platform shows that some savers prefer the safety of fixed income and it is an easy step into savings for many. The US has an even greater need for fixed income solutions since 18% of our population is over 65 with a record number of people turning 65 this year.