Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a mobile-first platform where Indians can book fixed deposits, purchase ‘Stable Bonds’, access short-term 7-day FDs, and obtain secured lifetime-free credit cards without opening a traditional savings account. More than 30 lakh users (3 million) have invested over ₹5,000 crore (≈US$600 million) through the service, underscoring rapid adoption in an underserved fixed-income market that is compounding at roughly 12% annually. The interface emphasizes transparency, instant withdrawals, and speed, positioning the company as a trusted alternative to legacy bank processes. Stable Money generates trust by partnering directly with banks and NBFCs and plans to deepen these relationships to improve rate discovery and widen product choice. The firm intends to expand into adjacent savings products while building a physical presence in key cities to complement its digital reach. Investors highlight the platform’s trust-first design, disciplined execution, and rapid scale as key differentiators. Including the latest raise, Stable Money has secured about US$65 million in institutional and angel funding within three years of operation.

Total raised

$45M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2026