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Stable Money

Category: AI in Fintech

India's first digital fixed-return investment platform that aggregates fixed deposits, bonds, mutual funds, and secured credit cards, allowing users to invest in FDs from 200+ banks and NBFCs without opening separate savings accounts. Stable Money was founded in 2022. The company is led by Saurabh Jain. Based in Bengaluru, India. Team size: 100-150. Total funding raised: $65.0M. Latest round: Pre-Series C ($25.0M, Feb 2026). Key investors include Peak XV Partners, Fundamentum Partnership, Z47 (formerly Matrix Partners India), RTP Global, Lightspeed Venture Partners, Aditya Birla Ventures.

Founded
2022
Headquarters
Bengaluru, India
Team size
100-150
Total funding
$65.0M

Value proposition

Democratizes fixed-income investments by enabling FD bookings in just 3 minutes without requiring a bank account, offering instant withdrawals, minimum investment as low as ₹1,000, competitive interest rates up to 8.80% p.a., and DICGC insurance coverage up to ₹5 lakh per bank, all through a user-friendly digital platform

Products and solutions

Fixed Deposits (200+ banks & NBFCs with rate comparison), Stable Bonds (Corporate & Government bonds via SEBI-registered OBPP platform), Gold & Silver Mutual Funds, Debt Mutual Funds, Secured FD-backed Credit Cards (Lifetime free), Loan Against Fixed Deposits (Piloting), SIP and Recurring Deposit Offerings

Unique value

First-mover in creating a comprehensive digital FD marketplace in India that eliminates the need for customers to open savings accounts with partner banks. The platform offers a unique 3-minute booking flow, instant withdrawals without paperwork, 7-day trial FDs, and aggregates rates from 200+ banks enabling easy comparison. As a SEBI-registered Online Bond Platform Provider (OBPP), it also democratizes access to corporate and government bonds for retail investors with amounts starting at ₹1,000.

Target customer

Retail investors seeking safe, fixed-return investments including middle-income Indians, conservative investors, first-time investors, senior citizens, and individuals in tier-2/3 cities looking for inflation-beating returns with capital protection

Industries served

Wealthtech, Fintech, Fixed-Income Investments, Digital Banking Distribution, Retail Investment Products, Bond Market (OBPP)

Technology advantage

Digital-first platform that removes friction from fixed-income investments through instant digital booking (3-minute flow), real-time rate comparison across 200+ banks/NBFCs, automated portfolio tracking in single dashboard, and seamless withdrawals. The platform combines bank partnership network, regulatory licenses (OBPP from SEBI/BSE/NSE, AMFI registration for mutual funds), ISO 27001:2022 security certification, and user-centric design to deliver a full-stack fixed-income investment suite. Has achieved 100% month-on-month growth in corporate bonds segment since Sept 2024 beta launch.

How they differentiate

First-mover advantage in India's digital FD marketplace eliminating the need for savings accounts with partner banks. Offers comprehensive fixed-income suite (FDs, bonds, mutual funds, credit cards) with 200+ bank/NBFC partnerships, 3-minute digital booking, instant withdrawals, and DICGC insurance coverage up to ₹5 lakh per bank.

Main competitors

Wint Wealth, Grip Invest, Jiraaf

Key partnerships

13+ Partner Banks & NBFCs: IndusInd Bank, Utkarsh Small Finance Bank, Unity Small Finance Bank, Suryoday Small Finance Bank, and others (with 8+ more planned in 2025), SEBI/BSE/NSE: Registered Online Bond Platform Provider (OBPP) license obtained Feb 2024, DICGC: Insurance coverage for FD investments up to ₹5 lakh per bank, Top-tier Investors: Peak XV Partners (Lead - Pre-Series C), Fundamentum Partnership (Nandan Nilekani's fund), Z47 (formerly Matrix Partners India), RTP Global, Lightspeed Venture Partners, Aditya Birla Ventures, Angel Investor Network: Harsha Majety (Swiggy CEO), Kunal Bahl & Rohit Bansal (Snapdeal founders), Sandeep Tyagi (Estee Advisors), Abhishek Goyal (Tracxn), and others

Major milestones

Raised $65M across 4 funding rounds from top-tier investors, Achieved ₹3,000+ crore AUM within 2.5 years of launch, Onboarded 30 lakh+ (3M+) customers on platform, Distributed ₹5,000+ crore in fixed deposits across 13+ partner banks, Obtained SEBI-registered Online Bond Platform Provider (OBPP) license (Feb 2024), Launched Stable Bonds platform with ₹1,600+ crore corporate bonds distributed, ISO 27001:2022 certified company, Expanded product portfolio to include mutual funds and secured credit cards

Growth metrics

30 lakh+ customers, ₹3,000+ crore AUM, 40% growth in last 3 months, targeting profitability by early 2028, 100% MoM growth in corporate bonds segment since Sept 2024 beta

Market positioning

India's leading specialized fixed-income wealthtech platform targeting retail investors, conservative savers, and tier-2/3 city customers with safe, guaranteed-return investment products. Ranks 2nd among 19 active competitors in the fixed-income wealthtech segment.

Geographic focus

India, with expansion plans targeting tier-2 cities and underbanked 'Bharat' segment

Patents and IP

No registered patents disclosed as of latest update

About Saurabh Jain

Former CEO of Navi Mutual Fund (2021-2022); Assistant Vice President - Business Projects at Swiggy (2019-2020), scaled Swiggy from 30 to 500 cities in 9 months; Chief of Staff to Sachin Bansal at Navi (2020-2021); Serial entrepreneur with Ed-tech startup (2009) and Agri-tech startup (2015); IIT Bombay graduate (2006-2010); Started career with ₹25,000/month salary post-IIT; Director of SaaS Business at Navi (March-July 2022)

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