Stable Money raises $20M in series B led by Nilekani’s Fundamentum

Stable Money, a Bengaluru-based wealthtech platform, has successfully raised $20 million (₹173 crore) in a Series B funding round. The investment was led by Nandan Nilekani's Fundamentum Partnership, with participation from Aditya Birla Ventures and existing investors Z47, RTP Global, and Lightspeed. The company aims to utilize the fresh capital to innovate its wealth product offerings, deepen its partner network, and accelerate distribution. Stable Money, founded in 2022, enables users to invest in Fixed Deposits (FDs) and has expanded to offer curated short-term corporate bonds, now managing over ₹3,000 crore in assets and serving 20 lakh customers.