Stable Money
Stable Money is an Indian wealthtech platform enabling retail investors to compare and book fixed deposits across 11 partner banks and 3 NBFCs via a single mobile app, also offering bonds, mutual funds, and an FD-backed credit card to 60 lakh+ users across 3,500+ cities, primarily in Tier 2 and Tier 3 India.
- Company typePrivate
- Founded2022
- HeadquartersBangalore, India
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Stable Money does
Stable Money, operated by Stable-Alpha Technologies Private Limited (founded 2022 in Bangalore), is an Indian wealthtech platform that enables retail investors to compare and book fixed deposits across 11 partner banks and 3 NBFCs from a single mobile app and web interface. The company serves 60 lakh+ users across 3,500+ Indian cities, with a particularly strong penetration in Tier 2 and Tier 3 markets where small finance bank rates (up to 8.50%) materially outperform large public-sector bank rates (6-6.7%). The platform extends beyond FDs into a broader fixed-income ecosystem including corporate bonds, government securities, and sovereign gold bonds via the Stable Bonds marketplace (stablebonds.in) operated by SEBI-registered subsidiary Stable Broking, mutual fund distribution via AMFI-registered subsidiary Stable Finserv (currently suspended by AMFI through Nov 20, 2026), a co-branded FD-backed RuPay Select credit card with Suryoday Small Finance Bank, and goal-based Dream Fund portfolios (Dream 2030/2040/2050/2060).
The underlying technology is a cloud-native mobile and web platform with ISO 27001:2022 certification, AES/TLS encryption, data localization within India, and integrations with banks, NBFCs, AMCs, RTAs, RuPay, and ONDC via APIs and SDKs. The company leverages Decentro Tech for KYC automation and Cloudflare for security infrastructure. Stable Money is the dominant player on India's ONDC open network, handling over 95% of all mutual fund transactions on that infrastructure.
The business model is a freemium marketplace: end users access the platform free of charge with no subscription or per-transaction fees, and revenue is generated through commissions from partner banks and NBFCs on FD bookings, bond distribution commissions (operating revenue of Rs 4.3 crore in FY25 on gross revenue of Rs 104.4 crore), credit card distribution economics, and a partner referral program paying 0.10%-1.25% commissions to a network of MFDs, IFAs, CAs, and other financial professionals with weekly payouts. The company has raised $65 million to date from Peak XV Partners, Fundamentum, Z47, RTP Global, and Aditya Birla Ventures, with a reported $275 million valuation.
Stable Money firmographics
Firmographics- Name
- Stable Money
- Legal name
- Stable-Alpha Technologies Private Limited
- Website
- https://stablemoney.in
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Stable Money is an Indian wealthtech platform enabling retail investors to compare and book fixed deposits across 11 partner banks and 3 NBFCs via a single mobile app, also offering bonds, mutual funds, and an FD-backed credit card to 60 lakh+ users across 3,500+ cities, primarily in Tier 2 and Tier 3 India.
- Ownership category
- akta.pro rank
Stable Money industry classification
Industry- Product category
- Retail Wealth Management / Fixed Deposit Marketplace
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Depository Credit Intermediation (5221)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE)
Keywords
Where Stable Money is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Stable Money business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Marketing or Sales, Personnel, Technology or R&D, Operations
Revenue model
- Fixed Deposit distribution commission: Primary revenue stream derived from commissions on fixed deposits booked through the platform from partner banks and NBFCs. The company reports operating revenue of Rs 4.3 crore for FY25 with gross revenue of Rs 104.4 crore derived from bond purchases and sales at net commission.
- Bond distribution commission: Stable Bonds (stablebonds.in) platform distributes corporate bonds, government securities, and sovereign gold bonds. The FY25 revenue model included bond purchases of Rs 100 crore sold for a net commission of approximately Rs 4.3 crore.
- Partner referral commission program: Pays commissions of 0.10%-1.25% on every successful investment booked through partner referral links to MFDs, IFAs, CAs, wealth managers, and other financial professionals.
- FD-backed credit card distribution fees: Distribution fees and revenue share on the co-branded Stable Money Suryoday Bank RuPay Select credit card, including interchange and card-issuance economics from the partner bank.
- Mutual fund distribution (currently suspended): Mutual fund distribution through AMFI-registered subsidiary Stable Finserv Private Limited (ARN 269315). Trail commissions and distribution income from AMCs are included in scheme TER. Currently barred by AMFI from May 21 to November 20, 2026.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free consumer access - no subscription or per-transaction fees for retail users |
| Unit Pricing | Pay-as-you-go | Minimum FD investment: Rs 5,000 |
| Transaction based/ take rate | Pay-as-you-go | Partner program: 0.10% - 1.25% commission per investment |
Go-to-market motion4 records
Distribution channels7 records
Marketing channels10 records
Stable Money product offering
Product offeringCore offering
Stable Money is a single-app fixed-return investment marketplace where Indian retail investors can compare and book fixed deposits across 11 partner banks and 3 NBFCs without needing a savings account at each issuer. The platform extends to corporate and government bonds via the Stable Bonds sub-brand, AMFI-registered mutual fund distribution, sovereign gold bonds, and an FD-backed RuPay Select co-branded credit card with Suryoday Small Finance Bank. Money is routed directly to the issuing bank, with all bank FDs covered by DICGC insurance up to Rs 5 lakh per depositor per bank.
Product overview
Stable Money is a single unified wealthtech platform (website and mobile app) built around an FD-booking marketplace core, offered by Stable-Alpha Technologies Private Limited and operated jointly with its wholly owned subsidiaries Stable Finserv Private Limited (mutual fund distribution) and Stable Broking Private Limited (debt broking). The core Stable Money Platform and Stable Money Mobile App let users compare and book fixed deposits across 11+ banks/NBFCs; the same platform is extended by add-on modules including Stable Bonds (a separate bond marketplace at stablebonds.in for corporate and government securities), Stable Finserv's AMFI-registered Mutual Fund Distribution service (which also powers the goal-based Dream Fund product across Dream 2030/2040/2050/2060 variants), the Suryoday Bank FD-Backed RuPay Credit Card, a free Financial Calculators Suite spanning FD/RD/SIP/EMI/PPF/NPS calculators, an editorial Blog, a Partner Program (referral/affiliate network for financial professionals), and a Press Coverage page.
Differentiator
Problem solved
Functional benefit
Brands
- Stable Bonds: Online bond platform operated via stablebonds.in offering corporate and government bonds.
- Dream Fund
- Stable Money Suryoday Bank Credit Card
Products and services
- Stable Money Platform A unified fixed-return investment platform enabling Indian retail investors to discover, compare, book, and track fixed deposits across 11+ banks and NBFCs, alongside access to bonds, mutual funds, sovereign gold bonds, and an FD-backed credit card through a single web and mobile interface.
- Stable Money Mobile App Android and iOS mobile application providing FD booking, comparison, gold and silver ETF investments, mutual fund transactions, and credit card application for retail investors on the go.
- Stable Bonds A separate dedicated bond marketplace platform where investors can browse, compare, and invest in corporate bonds, government securities, and sovereign gold bonds through a SEBI-registered broking entity.
- Stable Money Suryoday Bank FD-Backed Credit Card A co-branded RuPay credit card issued in partnership with Suryoday Small Finance Bank, secured against a fixed deposit on the platform, providing cashback, lounge access, and UPI-based credit card functionality without requiring an existing credit history.
- Dream Fund (Dream 2030 / 2040 / 2050 / 2060) A curated basket of diversified SEBI-registered mutual fund schemes across multiple asset classes (Indian equities, US equities via FoF, Gold, Silver, REITs, Fixed Income) with goal-horizon variants targeting retirement years 2030 to 2060, gradually shifting allocation toward lower-risk asset classes as the target year approaches.
- Partner Program (Referral / Affiliate Network) A referral and affiliate program for licensed financial professionals (MFDs, IFAs, CAs, wealth managers, insurance advisors, finfluencers, tax consultants, loan DSAs, stock brokers, corporate HRs, bank RMs, real estate agents) earning 0.10%-1.25% commission on investments booked through their unique tracking link, with automated weekly payouts to bank accounts.
Quantifiable outcome
- Up to 8.30%-8.50% FD returns vs 6-6.7% at large public banks
- +6 more outcomes
Companies that use Stable Money
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles3 records
Stable Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature7 records
Stable Money partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered regulatory partner, flagship marketing partner, flagship bank partner, major bank partner, major nbfc partner, bank partner - comparison, distribution partner - flagship, card network partner, technology partner, infrastructure vendor, creative agency and production vendor.
- AMFI (Association of Mutual Funds in India)regulatory partnerAMFI has barred Stable Finserv Private Limited (the Stable Money platform's MF distributor entity) from distributing mutual fund products from May 21 to November 20, 2026, citing the company's distributor registration number. Stable Money is engaging with relevant regulatory stakeholders.
- Kaun Banega Crorepati Season 17 (Sony TV)flagship marketing partnerStable Money is one of 26 esteemed sponsors of KBC Season 17, India's leading prime-time television quiz show. Provides mass-market brand visibility across India.
- Suryoday Small Finance Bankflagship bank partnerHighest-rate bank partner on the platform offering 8.40% FD rates. Partner for the co-branded Stable Money Suryoday Bank RuPay Select FD-backed credit card. Listed as a 'Partner bank' with premium 8.10% FD rates, monthly/quarterly/at-maturity interest payouts, and DICGC insurance.
- Unity Small Finance Bankmajor bank partnerListed partner bank on the platform with FD rates up to 8.30%. One of the four 'Partner banks' eligible for direct FD booking through the app alongside Suryoday, Utkarsh, and IndusInd.
- Utkarsh Small Finance Bankmajor bank partnerPartner bank offering 8.15% FD rates on the platform, with dedicated product pages, calculator pages, and rate-comparison listings. One of the primary investible banks through the app.
- Shivalik Small Finance Bankmajor bank partnerPartner bank offering the highest FD rate on the platform at 8.50%, with dedicated product, calculator, and rate pages. Listed under highest FD rates comparison.
- slice Small Finance Bankmajor bank partnerPartner bank with dedicated product pages and FD rate comparison listings on the Stable Money platform.
- IndusInd Bankmajor bank partnerListed as one of the 'Partner banks' eligible for direct FD booking through the app with 7.75% FD rates. Includes dedicated IndusInd credit card on FD product.
- Bajaj Financemajor nbfc partnerOne of three NBFCs (alongside Shriram Finance and Mahindra Finance) directly investible on the platform with 7.75% FD rates. Listed in highest-rate comparison with dedicated product pages.
- Shriram Financemajor nbfc partnerNBFC partner on the platform offering 8.19% FD rates with dedicated product, calculator, and rate pages. One of three directly investible NBFCs.
- Mahindra Financemajor nbfc partnerOne of three NBFCs directly investible on the platform with 7.00% FD rates and dedicated calculator pages.
- SBI (State Bank of India)bank partner - comparisonLarge public-sector bank listed for FD rate comparison on the platform with 7.30% rates, dedicated calculator, and Patrons FD scheme feature.
- HDFC Bankbank partner - comparisonLarge private bank listed for FD rate comparison with 7.10% rates and dedicated calculator page. Includes SBI/HDFC credit card on FD products.
- ICICI Bankbank partner - comparisonPrivate bank listed for FD rate comparison with 7.10% rates and dedicated calculator and rate pages on the platform.
- Axis Bankbank partner - comparisonPrivate bank listed for FD rate comparison with 7.10% rates and dedicated calculator page; also offers Axis Bank credit card on FD via the platform.
- Kotak Mahindra Bankbank partner - comparisonPrivate bank listed for FD rate comparison with 7.29% rates and dedicated calculator and rate pages on the platform.
- DICGC (Deposit Insurance and Credit Guarantee Corporation)regulatory partnerWholly-owned subsidiary of the Reserve Bank of India that insures all bank FDs booked through Stable Money up to Rs 5 lakh per depositor per bank. Marketed as 'Your security is DICGC's #1 priority' across the platform.
- ONDC (Open Network for Digital Commerce)distribution partner - flagshipStable Money is integrated with India's ONDC open network and handles over 95% of all mutual fund transactions on the network. Strong investor trust built through early integration. ONDC recorded nearly 1,50,000 transactions in January 2026 with AUM of INR 72 Crores via Stable Money.
- RuPay (NPCI)card network partnerCard network for the Stable Money Suryoday Bank FD-backed credit card, leveraging RuPay Select benefits including lounge access, exclusive offers across Apollo, Myntra, Zoomcar, Chayos, Rapido, Health Check-up, Spa, Gym, Golf, Insurance, and other merchants.
- Decentro Tech Pvt. Ltd.technology partnerAuthorized service provider for Stable-Alpha Technologies to access, fetch, verify, and process user details (including bank account information and PAN details linked to mobile number) solely for onboarding and KYC purposes.
- Cloudflareinfrastructure vendorProvides advanced DDoS protection, cross-site scripting (XSS) prevention, and SQL injection defense for the Stable Money platform as part of network security stack.
- SEBI (Securities and Exchange Board of India)regulatory partnerStable Broking Private Limited holds SEBI stock broking registration (INZ000314637). Stable-Alpha Technologies holds SEBI Research Analyst registration (INH000024912). BSE enlisting 6952 (Stable Broking) and 6829 (Stable Finserv). Enables regulated distribution of bonds, government securities, and research activities.
- The Script Room (advertising agency)creative agencyCreated the Smart Savings advertising campaign (three ads) for Stable Money, highlighting FD rates up to 8.3% and contrasting RBI-regulated instruments with growth potential of FDs.
- Coconut Films (Ramsam director)production vendorDirected the Smart Savings advertising campaign films for Stable Money in India.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Stable Money competitors and assessment
Company assessmentDirect peers
- INDmoney: Indian personal finance aggregator offering FDs, mutual funds, US stocks, and credit cards. Directly comparable to Stable Money in the multi-product retail wealthtech aggregator category.
- Groww: India's largest retail investment platform with mutual funds, stocks, FDs, and digital gold distribution. Directly competes with Stable Money for tier-2/tier-3 retail savers via a multi-product, mobile-first experience.
- ETMONEY: Times Group-backed Indian wealth management platform offering mutual funds, FDs, NPS, and tax-saving products. Overlaps with Stable Money in FD comparison and MF distribution to retail investors.
- Grip Invest: Indian alternative fixed-income platform offering corporate bonds, lease financing, and inventory financing products to retail investors. Comparable to Stable Money's fixed-income expansion strategy.
- Wint Wealth: India-focused bond investment platform offering corporate bonds, government securities, and secured NCDs. Directly competes with Stable Bonds for retail bond investors.
- Zerodha (Coin): India's largest stockbroker offering Coin (direct mutual funds) and a growing fixed-income product suite. Competes with Stable Money for retail fixed-income/mutual fund distribution with a much larger brand.
Broad incumbents
- Paytm Money: Paytm-owned retail investment platform offering mutual funds, stocks, NPS, and fixed deposits. Broad incumbent with much larger distribution base and brand recognition than Stable Money.
- PhonePe (investments): Walmart-backed Indian payments super-app with mutual fund, insurance, and gold distribution. Broad incumbent competing for the same retail savers via massive UPI distribution rails.
Emerging players
- Kuvera: India's commission-free direct mutual fund platform with goal-based investing and tax planning tools. Adjacent competitor in retail mutual fund distribution that Stable Money faces via Stable Finserv.
- Smallcase: Indian investment platform offering themed stock baskets, mutual funds, and now fixed-income products. Overlaps with Stable Money's curated product approach (Dream Fund).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Stable Money social profiles
Digital presenceStable Money compliance and trust
Trust signalCompliance5 records
Stable Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stable Money leadership team
Management profileNumber of profiles
Profiles3 records
Stable Money subsidiaries and ownership
Company hierarchySubsidiaries2 records
Stable Money funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stable Money M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stable Money
What does Stable Money do?
Stable Money is a single-app fixed-return investment marketplace where Indian retail investors can compare and book fixed deposits across 11 partner banks and 3 NBFCs without needing a savings account at each issuer. The platform extends to corporate and government bonds via the Stable Bonds sub-brand, AMFI-registered mutual fund distribution, sovereign gold bonds, and an FD-backed RuPay Select co-branded credit card with Suryoday Small Finance Bank. Money is routed directly to the issuing bank, with all bank FDs covered by DICGC insurance up to Rs 5 lakh per depositor per bank.
Is Stable Money a public or private company?
Stable Money is a private company. It is classified as venture growth investor backed and is currently operating.
When was Stable Money founded?
Stable Money was founded in 2022. It employs 101 to 250 people.
Where is Stable Money based?
Stable Money is headquartered in Bangalore, India, in the Asia region.
How does Stable Money make money?
Five revenue lines are on record. Fixed Deposit distribution commission is the primary driver. The others are bond distribution commission, partner referral commission program, FD-backed credit card distribution fees and mutual fund distribution (currently suspended).
Who are Stable Money's main competitors?
Direct peers on record are INDmoney, Groww, ETMONEY, Grip Invest, Wint Wealth and Zerodha (Coin). Broad incumbents are Paytm Money and PhonePe (investments). Emerging players are Kuvera and Smallcase.
Does Stable Money have an API?
No public API is recorded for Stable Money.
What industry is Stable Money in?
Stable Money's product category is Retail Wealth Management / Fixed Deposit Marketplace. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails). Its NAICS code is 525 and its SIC code is 6199.