About Stable Money
Stable Money is India's leading fixed-income investment platform, on a mission to modernize how 230+ million Indians save and invest. Founded in 2022 and headquartered in Bengaluru, we've grown to over 30 lakh users who have collectively invested more than ₹5,000 crore across fixed deposits and other secure instruments, all in under three years.
Backed by $65 million in total institutional funding from marquee investors including Peak XV Partners, Z47, RTP Global, Fundamentum, and Lightspeed, we recently closed a $25 million Pre-Series C round to accelerate our next phase of growth. We're building the operating layer for how India saves — making fixed-income products transparent, accessible, and worthy of trust.
Our platform lets users book FDs without opening a savings account, access instant withdrawals, invest in short-term instruments (including 7-day FDs), and discover curated fixed-income portfolios through a digital experience designed around speed and clarity. We are deepening direct partnerships with banks and NBFCs, building on-ground presence in key cities, and expanding into adjacent savings products — all while maintaining the trust-first approach that has defined us since day one.
Our Founders
Saurabh Jain is an IIT Bombay graduate who previously served as CEO of Navi Mutual Fund and led Swiggy's expansion into 500+ cities.
Harish Reddy, also an IIT Bombay graduate, brings deep expertise in wealth product strategy, having led product strategy and tech implementation at Estee Advisors.
Together, they bring extensive experience in wealth-tech businesses and complement each other in building a scalable, value-accretive business.