[Funding News] Wealthtech Startup Stable Money Secures $15 Mn Funding Round Led by RTP Capital, Lightspeed India, and Matrix Partner

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 company based in Bengaluru has achieved the rare feat of successfully completing two investment rounds within a year, even amidst the challenging funding climate known as the "funding winter".

Stable Money's board has approved a special resolution to issue 77,135 CCPS at a price of Rs 16,019 per share in order to raise Rs 123.56 crore or $14.74 million.

Read also - Pintel.ai Raises $1 Mn Seed Funding Round from IvyCap Ventures

RTP Capital spearheaded the funding round with a contribution of Rs 54.26 crore ($6.5 million), while Lightspeed India and Matrix Partners India each invested Rs 34.64 crore ($4.15 million) in this round.

Stable Money is developing a platform that offers fixed-return investment opportunities and financial advisory services to investors. In addition, the platform will disseminate financial literacy content on its internet platform to foster investor awareness.

About Stable Money

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money aims to help individuals grow their wealth in a stable and secure way through fixed-income assets.

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