Stable Money raises $20 Mn led by Fundamentum

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Here’s the requested information extracted from the article:

Funding Information

  • Startup: Stable Money
  • Founders: Saurabh Jain, Harish Reddy
  • Funding Amount: $20 million (Rs 173 crore)
  • Funding Series: Series A and Seed
  • Date of Funding: Not specified (recent funding round as of the article’s publication)

Investors

  1. Lead Investor: Fundamentum Partnership
  2. Existing Investors:
    • Z47
    • RTP Global
    • Lightspeed
  3. New Investor: Aditya Birla Ventures
  4. Angel Investors:
    • Sriharsha Majety
    • Kunal Bahl
    • Rohit Bansal

Additional Information

  • Purpose of Funds: Expand product suite, onboard new banking partners, and scale distribution.
  • Current Partnerships: Partners with 8 banks and 2 NBFCs.
  • User Base: Over 150,000 users.
  • Assets Under Management: More than Rs 3,000 crore.

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2025-06-03 04:57:46