Stable Money helps you browse over 200 FDs from banks you trust, like Utkarsh Small Finance Bank or Bajaj Finance, all in one place. They’ve partnered with over 200 banks to bring you a variety of FDs in one user-friendly spot. No more wasting time visiting different banks – Stable Money puts everything at your fingertips.
Worried about security? Stable Money partners with banks that are overseen by the government, so your money is protected under the DICGC Act, offering a safety net of up to Rs. 5 lakh. So, if you’re looking for a convenient and secure way to invest in FDs, Stable Money might be a great fit for you.
Table of Contents
Founders of Stable Money
The brains behind Stable Money are Saurabh Jain and Harish Reddy. They’re the ones who saw the potential to make fixed deposits (FDs) easier and more accessible for everyone. They are the masterminds behind the user-friendly app which helps you compare fixed deposits over 200 banks by just sitting on your couch! Their vision is likely what propelled Stable Money to become a frontrunner in India’s fintech world.
The Money Behind Stable Money: Investors
Stable Money, a rising star in India’s fintech scene, has attracted a team of heavyweights to fuel its growth. These investors, a mix of established venture capital firms and individual angels, bring not just money but also expertise and connections to the table.
The leading investors are Matrix Partners India and Lightspeed Venture Partners. Imagine them as seasoned veterans, having participated in Stable Money’s Series A funding round in December 2022. Their involvement speaks volumes about their belief in Stable Money’s potential to revolutionize how people manage their finances in India. But Stable Money’s investor network extends beyond these big names. There are 6 other institutional investors, like the trusted advisors whispering valuable insights in the company’s ear.
The story doesn’t end there. Stable Money has also incorporated 8 angel investors, individuals who are often the first to believe in promising startups. Think of them as enthusiastic mentors, ready to share their hard-won experience and guide Stable Money’s journey. One such angel investor is Rohit Bansal, but there are 7 more who have chosen to stay behind the scenes, preferring to quietly support the company’s mission. With 14 investors, Stable Money benefits from a wealth of knowledge, experience, and connections.
Is Stable Money a Genuine App?
Stable Money acts as a marketplace to connect you with different banks offering Fixed Deposits (FDs) in India. It is a genuine app. It is safe to invest because Stable Money itself doesn’t hold your funds. When you book an FD, your money goes directly to the chosen bank. They use high-tech security measures to protect your data while using the app. They are safe because-
- Legitimate Website: Stable Money has a website with information about its services, security practices, and terms of service. This level of detail suggests legitimacy.
- Reasonable Claims: Stable Money focuses on facilitating fixed deposits (FDs) with partnered banks. This is a common service offered by fintech platforms.
- High Tech Security Measures: Stable Money claims to prioritize user data security and act as a middleman, not holding user funds directly.
- Great Reviews: Online reviews and YouTube videos discuss Stable Money, though it’s wise to be critical of reviews and conduct your research.
Get the Best Returns on FD with Stable Money
Ever wished growing your money was as easy as relaxing on the couch? Investing in fixed deposits (FDs) with Stable Money might be your answer. They’re like a safe and steady way to watch your savings multiply. Imagine you lend your money to a bank for a specific time, like a few months or years. The longer you lend it, the more you earn in interest, like a little bonus for being a helpful lender. And the best part? Unlike the stock market roller coaster, FDs protect your money from risky ups and downs. Think of it like a commitment with a reward.
With Stable Money, comparing interest rates from different banks and institutions is a cakewalk. You can open your FD in just minutes, from the comfort of your couch! Plus, they offer tax-saving FDs that can save you up to ₹1.5 lakhs every year. On top of that, their interest rates are currently some of the highest around, going up to a whopping 9.21%. So, ditch the stress and grow your money the smart way with Stable Money.
FAQs
What is Stable Money?
Stable Money is a mobile app that lets you compare and invest in Fixed Deposits (FDs) from various banks in India. You can browse FD options, compare interest rates, and open FDs directly through the app.
Can I invest in FDs from any bank through Stable Money?
Stable Money partners with a large pool of banks and NBFCs, but they may not offer every single institution in India. You can check their app to see their current partner list.
Who are the founders of Stable Money?
Stable Money was founded by Saurabh Jain and Harish Reddy back in the latter part of 2022.
Who are the leading investors in Stable Money?
Stable Money’s leading investors are Matrix Partners India and Lightspeed Venture Partners.