Stable Money Nets $25 Mn To Fuel Product Portfolio Expansion

Bengaluru-based wealthtech startup Stable Money has secured $25 Mn (around ₹226.8 Cr) in a Pre-Series C funding round led by Peak XV Partners. Besides, existing investors Z47, RTP Global, Lightspeed, and Fundamentum Partnership also participated in the round.

Stable Money’s cofounder Saurabh Jain told Inc42 that the startup plans to utilise the fresh capital to fuel its marketing as well as launching more wealthtech products onto the platform. Besides, a portion of the funds will also be in building partnerships by adding bond suppliers and banks onto the platform.

“Right now, we have 13 banks and NBFCs on the platform and we are adding seven more banks and NBFCs by the end of this year,” Jain said.

Founded in 2022 by Jain and Harish Reddy, Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds and bonds, along with other low-risk asset classes delivering inflation-beating results to enhance their financial prospects. It competes with the likes of Groww, Zerodha Coin, Upstox, among others.

Including this round, Stable Money has raised about $65 Mn in capital till date, from investors like Aditya Birla Ventures, Mars Shot Ventures, Swiggy’s Sriharsha Majety, CRED’s Kunal Shah, Snapdeal’s cofounder Rohit Bansal, among others.

The startup boasts a user base of over 50 Lakh investors and has facilitated more than ₹5,000 Cr in investments. 

Based on Inc42’s Annual Indian Startup Trends Report, 2025, the fintech sector broadly attracted the highest investments in the past year, where startups in this space raised roughly $2.5 Bn across 120 deals in 2025. Under which, wealthtech, insurtech and financial marketplaces gained a strong share of funding. 

This comes at a time when wealthtech offerings have been seeing higher investor interest while the equities market is benefitting from rising participation of retail investors. Betting on this market opportunity, PowerUp Money raised $12 Mn (about INR 107 Cr) in December last year, to scale its paid advisory product PowerUp Elite, and launch a high-touch managed advisory offering PowerUp Infinite.

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