Stable Money Raises $5M Seed Round Led by Matrix and Lightspeed

8 Aug 2023, 12:30 pm · 1131d ago · 1 min read · indianweb2.com

Amount

$5M

Stage

Seed

Lead

Matrix Partners India

Bengaluru-based fixed-return investment platform Stable Money has raised $5 million in a seed funding round co-led by Matrix Partners India and Lightspeed. The financing round also saw participation from Titan Capital, Mar Shot Ventures, and several angel investors. Founded by Harish Reddy and Saurabh Jain, the fintech platform aims to democratize fixed-income assets for retail investors. Stable Money plans to deploy the capital towards expanding its senior leadership team, forging strategic financial partnerships, scaling core technology infrastructure, and developing a user-friendly mobile application offering curated fixed deposits and bonds to Indian consumers.