Wealthtech startup Stable Money raises $5-M from Matrix Partners, Lightspeed, others

Bengaluru-based wealthtech startup Stable Money has raised USD 5 million in its first equity fundraise led by Matrix Partners India and Lightspeed Ventures, with participation from Titan Capital and Mar Shot Ventures. M2P Fintech co-founder Madhusudanan R and Swiggy co-founder Sriharsha Majety also participated in the round. The company offers a platform for fixed-return investment options. Currently offering fixed deposits, the firm plans to expand into corporate bonds, sovereign gold bonds (SGBs) and government bonds.