Stable Money, a fintech startup, has raised $5 million in its first equity fundraise. Matrix Partners and Lightspeed were the lead investors, and Titan Capital, Mar Shot Ventures, and a number of well-known angel investors also took part.
Several well-known angel investors took part in the round, including Swiggy co-founder Sriharsha Majety, M2P Fintech co-founder Madhusudanan, and Snapdeal co-founders Kunal Bahl and Rohit Bansal.
Stable Money, which was established in late 2022, will assist people in building wealth over the long term by providing investment options that prioritize returns with safety and stability.
The startup offers investors financial consultation services as well as a list of different securities and financial products, along with market analysis to aid in investor decision-making. To educate investors, Stable Money also posts financial literacy content on its online platform.
In June and July of last year, Matrix and Lightspeed made their India-specific fund announcement. Since then, Matrix has invested in EMTECH, Freakins, Scapia, Genwise, Saveo, Murf AI, XimKart, and ZippMat, while Lightspeed has backed Zluri, Gushwork.ai, XFlow BlueLearn, GlobalFair, and Exponent Energy.
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