India-based wealthtech platform Stable Money, headquartered in Bengaluru, Karnataka, has raised USD 20 million in a Series B funding round led by Fundamentum Partnership. The company plans to expand its product portfolio and deepen its offline presence in tier-2 cities.
Stable Money, a Bengaluru-based wealthtech platform in India, has raised USD 20 million (approximately INR 173 crore) in a Series B funding round aimed at deepening its fixed-income offerings and launching pilots for mutual funds and loan-against-FD services.
Founded in 2022, Stable Money began as a digital platform helping users invest in fixed deposits (FDs) across multiple banks. It has since evolved to offer curated short-term bonds and secured credit cards and is now preparing to broaden its product suite with new mutual fund categories and lending services backed by fixed deposits.
The platform currently manages over INR 3,000 crore in assets and serves more than 20 lakh users. Its growth strategy centers on building trust through predictable, fixed-income investment products before gradually introducing diversified financial solutions such as debt mutual funds, arbitrage funds, and gold funds.
Stable Money recently secured an Online Bond Platform Provider (OBPP) license from BSE and has been onboarding both new users and existing FD investors to short-term corporate bond offerings. The company’s approach includes offering short-duration bonds — such as two, three, and six-month options — coupled with features like same-day liquidity and lifetime-free demat accounts to ease adoption.
The company is also rolling out secured credit cards backed by FDs, which have seen early traction, particularly in Tier-2 cities. Plans are underway to launch a loan-against-FD service within the next three months.
To strengthen its offline presence, Stable Money is assembling small, localized teams across Tier-2 cities in India. These teams will support new customers unfamiliar with digital wealth platforms by guiding them through onboarding and investment processes.
Stable Money currently partners with ten banks and non-banking financial companies (NBFCs), with eight more integrations planned by June 2026. The platform’s expansion roadmap includes launching configurable investment baskets that combine FDs, bonds, and mutual funds, aimed at delivering a do-it-yourself yet guided wealth-building experience for first-time investors.
The fintech firm continues to hire senior talent to support its product, business, and distribution expansion across India.
