Bengaluru-based wealthtech platform Stable Money raises $20 million in a Series B round

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Here’s the information extracted from the provided content about the startup Stable Money:

Startup Information

  • Startup Name: Stable Money
  • Founded: 2022
  • Location: Bengaluru, India

Funding Information

  • Series: Series B
  • Amount Raised: $20 million
  • Date of Funding: [No specific date provided]

Investors

  1. Lead Investor: Fundamentum Partnership (Nandan Nilekani)
  2. Participating Investors:
    • Aditya Birla Ventures
    • Lightspeed
    • RTP Global
    • Z47 (returning investor)

Previous Funding

  • Series: Series A
  • Amount Raised: $15 million
  • Date of Funding: [No specific date provided, but noted to be less than a year before Series B]

Founders

  1. Saurabh Jain (Co-founder and CEO)
  2. Harish Reddy (Co-founder)

Other Key Information

  • Assets Under Management: Over Rs 3,000 crore
  • Customer Base: More than 20 lakh customers
  • Growth Source: Short-term bonds introduced last October

This provides a consolidated view of the essential information regarding Stable Money’s funding, investors, and founding team.

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2025-06-03 10:30:39