The startup will use the new funding to grow its marketing and launch more wealth-tech products on its platform. It will also spend part of the funds on building partnerships by bringing bond providers and banks onto the platform.
Stable Money will use the funds for equipment, marketing and other business needs. The company’s value has increased 2.3 times since its last $15 million Series A round.
The fintech firm Stable Money has successfully secured more than Rs 123 crore, equivalent to around $15 million, in a recent funding round led by RTP Capital, Lightspeed India, and Matrix Partner.
The fixed-return investment platform Stable Money received $5 million in a seed round headed by Matrix Partners India and Lightspeed Venture Partners, with participation from Titan Capital, Mar Shot Ventures, and well-known angel investors.