Stable Money is a fixed-return investment platform that aggregates high-interest fixed deposits, debt mutual funds, and bonds from vetted financial institutions, allowing users to compare and select optimal investment options. The platform addresses the challenge of low returns and cumbersome processes in traditional banking by offering instant withdrawals and DICGC-insured deposits, enhancing both accessibility and security for investors.
Funding
$19.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional fixed deposit (FD) investments often provide low returns and involve cumbersome, offline processes. Comparing options across multiple financial institutions is time-consuming, and accessing funds quickly can be challenging.
Solution
Stable Money is a platform that aggregates fixed-return investments, including high-interest fixed deposits and debt instruments, from vetted financial institutions. The platform allows users to compare and select optimal investment options in one place. Stable Money addresses the challenges of traditional banking by offering a streamlined investment process with features like instant withdrawals on select FDs and DICGC insurance on deposits, enhancing both accessibility and security for investors. Users can invest in FDs without creating new bank accounts.
Target Audience
The primary target audience includes individual investors seeking higher returns and a more streamlined process for fixed deposit investments.
Features
- Aggregates high-interest fixed deposits and debt instruments from multiple vetted financial institutions
- Provides a single platform to compare and select optimal investment options
- Offers instant withdrawals on select Suryoday SF Bank and Unity SF Bank FDs
- Deposits are DICGC insured, providing security for investors
- No new bank account is needed to invest in FDs
- Upcoming features include government and corporate bonds with returns up to 11% and secured credit cards using FDs as collateral