Wealthtech startup Stable Money raises $20 million in round led by Nilekani’s Fundamentum Partnership

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Wealthtech startup Stable Money, which provides digital fixed-return investment products, has raised $20 million (Rs 173 crore) in a funding round led by Infosys cofounder Nandan Nilekani’s Fundamentum Partnership.

Existing backers Z47, RTP Global and Lightspeed, along with Aditya Birla Ventures, also participated in the round.

The Bengaluru-based company will use the fresh capital to expand its suite of wealth products and accelerate customer acquisition by strengthening its distribution, cofounder Saurabh Jain told ET.

“In the last four or five…



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Wealthtech startup Stable Money raises $20 million in round led by Nilekani’s Fundamentum Partnership


Wealthtech startup Stable Money, which provides digital fixed-return investment products, has raised $20 million (Rs 173 crore) in a funding round led by Infosys cofounder Nandan Nilekani’s Fundamentum Partnership.

Existing backers Z47, RTP Global and Lightspeed, along with Aditya Birla Ventures, also participated in the round.

The Bengaluru-based company will use the fresh capital to expand its suite of wealth products and accelerate customer acquisition by strengthening its distribution, cofounder Saurabh Jain told ET.

“In the last four or five…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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