Stable Money has secured INR 173 Cr in its Series B funding round led by Fundamentum Partnership, Aditya Birla Ventures, and other existing investors.
The fintech startup plans to utilize the funding to enhance wealth product offerings, expand partner network, and reach investors in Tier II and III towns.
Stable Money aims to partner with eight new banks and NBFCs by 2025 and focus on growing demand through marketing expansion.
The round follows the startup raising a total of $35 Mn with Fundamentum holding 7.94% stake and Matrix Partners holding 18.97% stake.