India’s leading digital fixed-deposit platform, Stable Money, has secured ₹173 crore in Series B funding led by Fundamentum Partnership, co-founded by Infosys co-founder Nandan Nilekani. Existing backers including Aditya Birla Ventures, Z47, RTP Global, and Lightspeed also participated in the round, reaffirming confidence in Stable Money’s fixed-income investment model.
Founded in 2022, the wealthtech platform enables users to invest in fixed deposits with returns up to 9.1%, offers instant withdrawals, and eliminates the need for savings accounts. Deposits come with RBI-backed DICGC insurance of up to ₹5 lakh. The company has already onboarded over 20 lakh users across India, managing assets worth over ₹3,000 crore.
In a significant boost to regional expansion, Stable Money opened its first office in Kolkata’s Sector V, Salt Lake. Over 2.15 lakh users from West Bengal use the platform, reflecting the growing demand for higher-yield, digital FD options in a state with over ₹7 lakh crore in FD deposits. The company aims to fill the gap where 94% of Indian FDs still yield below 8%. With offerings like Stable Bonds—SEBI-regulated instruments with returns up to 12%—Stable Money is redefining how Indians invest in fixed-income assets.