Bengaluru, February 18, 2025
Pre-Series C Round highlights:
- $25 million Pre-Series C led by Peak XV Partners
- Continued participation from Z47, RTP Global, and Fundamentum Partnership
- 30+ lakh users; ₹5,000+ crore invested on the platform
- Total capital raised to date: $65 million
- Expanding beyond digital into on-ground presence and deeper bank/NBFC partnerships
Stable Money has raised $25 million in a Pre-Series C round led by Peak XV Partners, with continued participation from Z47, RTP Global, and Fundamentum Partnership.
At Z47, we backed Saurabh Jain and Harish Reddy early because they identified a challenging problem that was hiding in plain sight. Fixed income savings in India are massive, trusted and historically underserved by modern product thinking. Stable Money was founded in 2022 to change that.
Today, more than 30 lakh users have invested over ₹5,000 crore on the platform across fixed deposits, Stable Bonds, and other secure instruments. In a country where 230+ million Indians rely on fixed deposits and the category compounds at ~12% annually, Stable Money is building the operating layer for how India saves.
What used to mean forms, branch visits, and opacity now takes three minutes. Users can book FDs without opening a savings account, access instant withdrawals, invest in 7-day FDs, unlock secured lifetime-free credit cards, and discover curated fixed-income products through a clear digital journey. The focus is not novelty. It is trust, speed, and reliability at scale.
In under three years, the company has raised $65 million in conviction capital behind a durable category from leading global investors and prominent angels.
With this round, Stable Money will continue to strengthen its core fixed-income platform while expanding access to adjacent savings products. The company is also investing beyond the screen, building an on-ground presence in key cities where financial trust is often built face-to-face. In parallel, it will deepen direct partnerships with banks and NBFCs, widening customer choice and enabling smarter rate discovery in a category that demands transparency.
Vikram Vaidyanathan, Investor & MD at Z47, said:
“Stable Money has quickly emerged as a category leader with its promise of stable wealth creation and a differentiated product experience that has won the trust of first-time investors. What excites us most is how Saurabh, Harish and the team have expanded the suite of products - from FDs to bonds to mutual funds and secured cards, while maintaining their trust-first approach. We are privileged to have seen their journey from day zero to ₹5,000+ crore in AUM today and welcome Peak XV to the partnership.”
“Stable Money was built on a simple conviction that Indian households deserve fixed-income products that are transparent, accessible, and worthy of their trust. What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise. We are deeply grateful to our investors for their continued belief in our journey. This raise reflects long-term conviction in our mission to build a trusted, modern platform for how India saves,” said Saurabh Jain, Co-founder & CEO, Stable Money.
“Stable Money has demonstrated exceptional clarity of focus in building a safety first investments platform. The team has combined strong product thinking, speed of execution with a trust-first approach to simplify how Indians invest in stable and compounding investment options. Their rapid scale, deep bank partnerships, and disciplined execution stand out in a market where credibility matters most. We are excited to partner with Saurabh, Harish and the Stable Money team as they become the platform of choice for millions of Indians.” added Chinmaya Golecha, Peak XV Partners
RTP Global, which has backed the company since Series A and Series B, also participated in this round.
“We’ve had a front-row seat to Saurabh and Harish’s long-term commitment to building in fixed income since the early days. Over the years, they have demonstrated their conviction through building with clarity, discipline and by earning customer trust. Our continued participation across rounds reflects our belief not only in the founders but also in the large, enduring opportunity they are addressing. Stable Money is redefining how India invests, and we are excited to support the team as they continue to scale.” said Nishit Garg, Partner at RTP Global.
“Stable Money is solving a real-world problem for the Indian saver by making fixed income simple and accessible. Saurabh and Harish have shown incredible execution and grit from day one, and the growth they’ve achieved is a clear testament to the trust they’ve built. We are excited to have a ringside view as they continue to scale and redefine the wealth management landscape in India,” said Mayank Kachhwaha, Principal, Fundamentum.
Saurabh and Harish joined us on the Z47 Moments podcast to discuss their conviction in fixed income as a category.
We are proud to continue backing Stable Money as they scale a category that sits at the heart of Indian household savings. As they deepen partnerships, expand distribution, and build both digital and on-ground trust, we look forward to the next chapter of their journey.
About Stable Money
Stable Money is India’s leading fixed-income investment platform that enables individuals to earn stable and secure returns through fixed deposits, bonds via Stable Bonds, and other low-risk instruments. Founded in 2022, the platform has built a user base of over 30 lakh investors and facilitated more than ₹5,000 crore in investments with a simple, trusted, and transparent digital experience.
The company has raised $65 million from top investors, including Peak XV, Z47, Fundamentum, Lightspeed, and RTP Global, along with prominent angel investors such as Sriharsha Majety (Swiggy), Kunal Bahl, and Rohit Bansal (Snapdeal).
For more information, please visit www.stablemoney.in
About Z47
Founded in 2006, Z47 is an investment Firm with more than 150 investments till date and an AUM of over $3.5 billion. Guided by a ‘founders first’ philosophy, Z47 is committed to backing missionary founders leading India to its goal of becoming a developed nation by 2047, prioritizing founders over markets.
Z47’s focus sectors include Financial Services, Consumer, B2B, Advanced Manufacturing and Enterprise AI amongst others. We are proud partners to several Financial Services companies; select ones include Jupiter, OneCard, Oxyzo, and Scapia. Other select investments include Dailyhunt, Five Star Business Finance, OfBusiness, Ola, Ola Electric, and Razorpay.
Z47 has offices in Mumbai, Bengaluru, Gurgaon and GIFT City. For more information, visit www.z47.com or write to newsroom@z47.com.
For more information, please contact: newsroom@z47.com
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