Indian Wealthtech Platform Stable Money Raises $20 Million in Series B.

Co-Founded by Harish Reddy & Saurabh Jain, Wealthtech Platform Stable Money Raises $20 Million in Series B led by Nandan Nilekani’s Fundamentum Partnership, with investment from Aditya Birla Ventures. Existing investors Z47, RTP Global, and Lightspeed also participated.

The company plans to use the fresh capital to grow its product suite, strengthen partnerships with banks and NBFCs, and expand distribution—particularly across India’s Tier II and Tier III towns.

Stable Money, India’s first digital fixed deposit (FD) marketplace, allows users to invest in FDs without needing a savings account. Key features include a three-minute booking process, instant withdrawals, a seven-day trial FD, and lifetime-free credit cards backed by FDs.