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[Update] Stable Money Bags INR 173 Cr From Fundamentum, Others

  • 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.

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