Stable Money, a fast-growing fintech startup offering digital fixed-return investment products, has raised $20 million in its latest funding round. The round was led by Nandan Nilekani’s Fundamentum Partnership. Nilekani, the Infosys co-founder, has also been instrumental in building India’s Aadhaar and UPI systems.
The round also saw participation from existing investors including Lightspeed, Z47, RTP Global, and Aditya Birla Ventures.
With this fresh infusion of capital, Stable Money aims to expand its product offerings, grow its customer base, and strengthen its distribution network. The company plans to use the funds to partner with eight more banks and additional NBFCs by the end of the year, doubling its current partnerships.
At present, Stable Money works with eight banks and two NBFCs, offering users safe and fixed-return investment options. The platform has already attracted over 150,000 users, and its Assets Under Management (AUM) now exceed ₹3,000 crore.
This funding marks a major milestone in Stable Money’s journey as it looks to transform how Indians invest in fixed-income products digitally and securely.
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