Amount Raised
$5 Million
Round Type
Funding Round
BengaluruFinancial ServicesFinanceLendingDescription
Bengaluru-based wealthtech startup Stable Money has raised $5 million in its first equity fundraise. Venture investors Matrix Partners and Lightspeed led the round, with participation from Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors.Snapdeal cofounders Kunal Bahl and Rohit Bansal, M2P Fintech cofounder Madhusudanan and Swiggy cofounder Sriharsha Majety are among the prominent angel investors who participated in the round.“We are creating a platform for fixed-return investment options for Indians. We are starting with fixed deposits but will expand into corporate bonds, sovereign gold bonds (SGBs) and government bonds,” said Saurabh Jain, cofounder, Stable Money.Jain was earlier the chief executive officer of Navi Mutual Fund and with Swiggy before that. HIs cofounder Harish Reddy was with broking entity Estee.At a time when a large number of fintechs are building products for the equity markets and mutual funds, Jain said that India as a country still understands fixed-return products
Quick answer
Stable Money raised $5 Million in a Funding Round round, dated August 8, 2023. Stable Money is based in Bengaluru, Karnataka, India.
- How much did Stable Money raise?
- Stable Money raised $5 Million in a Funding Round round on August 8, 2023.
- What does Stable Money do?
- The key to building big fortunes is endurance and longevity, which are amplified by the power of time through compounding. “Good returns for a long time" surpasses "excellent returns for a few years." We at Stable Money..
- Where is Stable Money based and how big is it?
- Stable Money is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Stable Money?
- Fundz holds 1 contact at Stable Money. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Stable Money that raised within 45 days of this round, from Fundz verified event records.
- Clip Money raised an undisclosed amount (Corporate Round) on September 22, 2023.
- T-Rex Group, Inc. raised $10M on September 18, 2023.
- Clip Money raised an undisclosed amount on September 12, 2023.
- Value Exchange International, Inc. raised $1.3M (Seed) on September 12, 2023.
- ClearOne Advantage raised an undisclosed amount on September 11, 2023.
- Tradeteq raised $13M (Funding Round) on September 8, 2023.
Who to call at Stable Money, and when
A new round usually means Stable Money is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Stable Money raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Stable Money, from your own LinkedIn network
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Related People
Stable Money raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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