Stable Money has recently secured funding from Matrix and Lightspeed. The platform has on-boarded multiple partner banks and NBFCs, such as Utkarsh Small Finance Bank, Shivalik Small Finance Bank, and Shriram Finance Limited among others to offer their fixed-income products. During the launch event, alongside the unveiling of innovative features, various partner banks also participated in panel discussions on topics related to rising inflation and financial planning.
At the launch of the platform, Saurabh Jain and Harish Reddy, founders of Stable Money, stated: “Our mission with Stable Money is clear – to democratize fixed-return investments and provide a transparent, user-friendly avenue for millions of Indians. Today marks the beginning, but our vision stretches far beyond. We’re here to provide a financial safety net that assures stability and resilience, especially in these unpredictable times.”
Stable Money: Registrations
Since its soft launch and subsequent beta testing, Stable Money has gained registrations from over 50,000 users on its platform. This marked a notable start and showcased the platform’s importance in the financial ecosystem.
Stable Money: New features
The platform has also introduced a set of new features that are expected to reshape fixed-return investments. Among these features is the Break FD, which offers investors the flexibility to access funds before maturity without sacrificing returns.
Another unique feature, FD Laddering, also helps investors maintain a balanced portfolio by considering both liquidity and returns. Lastly, the Switch FD feature enables investors to make swift adjustments in response to market changes.
Stable Money will soon host an India tour, spanning over 15+ cities. The tour aims to raise awareness about the benefits of fixed-income instruments through workshops and conferences. For its commitment towards financial empowerment, Stable Money aims to provide investors with advanced control and financial knowledge.